Iberdrola, through its US subsidiary Avangrid, has started construction on two of its largest photovoltaic plants in the country, located in Texas and Ohio. These are the True North and Ohio Powell Creek projects, with a combined capacity of 523.5 megawatts (MW).
He parque Ohio Powell Creek, which is being built in Putnam County (Ohio) will have a capacity of 202.5 ?MW and will generate enough clean energy to supply more than 30,000 homes a year once it is operational. According to the utility, it will create up to 400 jobs in its construction phase and will mean more than 35 million euros in local income for the communities during the useful life of the installation.
He parque True Northwhich is being developed in Falls County (Texas), will have a capacity of 321 MW and will start operating in early 2025. According to the company, it will generate more than 200 jobs in its construction phase and will involve more than 37 million benefits Texas in the form of property taxes over a 25-year period.
US growth
The United States will be the main investment destination of the energy multinational in the period 2023-2025: more than 22,000 million47% of the total.
This includes both organic investments and purchase of US utility PNM Resources, which was rejected by the New Mexico Regulatory Commission. Now the acquisition has entered a new key stage for the creation of a giant with more than 40,000 million in assets.
Iberdrola has grown considerably in two decades operating in the United States. You are now considering the possibility sell a part of your subsidiary to finance its growth and reduce its level of debt.
