Iberdrola JV to Develop 800 MW Offshore Wind Farm in U.S. -EFE

05/24/18 04:06 AM EDT

--Iberdrola joint venture Vineyard Wind has received authorization from Massachusetts to build an 800-megawatt offshore wind farm, EFE reports.

--The project will amount to an investment of about $2.8 billion, EFE says, citing unnamed sources.

--Iberdrola holds 50% of Vineyard Wind through its subsidiary Avangrid Renewables, while the other half is held by Copenhagen Infrastructure Partners.

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 24, 2018 04:06 ET (08:06 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.