Iberdrola achieves final approval for its power line megaproject between the US and Canada
Iberdrolathrough its American subsidiary Avangrid, has obtained definitive authorization for the project of the New England Clean Energy Connect (NECEC) transportation line that will connect the United States and Canada.
According to the company, this approval from the Maine Department of Environmental Protection is the latest regulatory requirement to complete one of the most relevant energy projects in New England, in the northeast of the United States.
NECEC will transport hydroelectric power from Quebec to New England, mainly to the State of Massachusetts, through a high voltage line of 233 kilometers and 1,200 megawatts (MW) of capacity to provide clean energy to 1.2 million homes.
Besides, will allow reducing CO2 emissions by up to 3.6 million tons metric per year, the equivalent of the emissions of 700,000 vehicles. The project has facilitated the creation of more than 1,600 jobs during construction.
After its complete launch, scheduled for the end of the year, The connection will reinforce the reliability and security of the electrical system of New England, will allow for more competitive electricity prices and drive socioeconomic development.
The United States is a strategic market for Iberdrola in its new strategy to 2028, launched last September. The group plans investments of more than 16,000 million euros in the country until 2028, allocating most of the investment to electricity and gas network infrastructure.
The investment plan of the energy company chaired by Ignacio Sánchez Galán is based on the continuous commitment of invest, rebuild and strengthen electricity and gas grid infrastructure in its utilities in New York and New England, which serve more than 3.4 million customers.
With more than 10.5 gigawatts (GW) of generation capacity in 24 states and assets including gas and electric companies throughout the Northeast, Avangrid serves more than six million homes and businesses across the United States.
