Iberdrola has reached an agreement to take over management of the assets and operation and maintenance of Vineyard Wind 1. The group is participating in the construction of this facility through a 50/50 joint venture between Avangrid, its subsidiary in the country, and Copenhagen Infrastructure Partners (CIP).
Under the agreement reached between the partners, the company will take control of the operational phase of the project and will assume responsibility for controlling the operation and management of the facility once construction is completed and commercial operation begins. Iberdrola's services for the project include operations management, supervision of tasks such as turbine, cable and substation maintenance, contractor coordination, 24/7 control centre services, marketing and asset management. Vineyard Wind 1 is scheduled to begin supplying clean energy to Massachusetts in 2023 and to enter commercial operation in 2024.