Sunday, February 25, 2024

A Spanish company is coming to the US to provide electricity to 40,000 people

Iberdrola, in a bid to continue promoting renewable energy in the United States through its subsidiary Avangrid, will build a new wind farm in Oklahoma where 147.5 megawatts (MW) will be produced. The merger contract with PNM Resources was canceled at the beginning of the year for failure to comply with the conditions established for the closure of the operation.

The project, called Pontotoc Wind, has a total of 33 turbines and will be the group’s first project in Oklahoma, where Avangrid will expand its presence in a total of 25 states in the country. In particular, the park will generate about 500,000 megawatt hours (MWh), enough to supply more than 40,000 homes.

Construction is expected to begin in 2024, creating more than 200 jobs. The CEO of Avangrid, Pedro Azagra, said during the presentation of the project that he hopes that the energy company will help to “accelerate a transition to clean energy in the state and throughout the United States.”

“We are excited to develop our first renewable energy project in Oklahoma, which will bring clean, renewable wind energy to the Pontotoc County community along with local jobs and investment,” he added. In addition, Pontotoc Wind will contribute approximately €23 million in property taxes over the life of the project, which will benefit local schools and other services.

With more than 8.6 gigawatts (GW) of installed renewable capacity, the Iberdrola subsidiary is the third largest renewable energy operator in the United States. When the construction of the project is completed, it will have operations or assets in half of the country.

World Nation News Desk
World Nation News Desk
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