Press Release: 4/20/2026

Iberdrola receives dual recognition in the United States for its contribution to Massachusetts’ economic development

 

18 April 2026

 

• Its subsidiary Avangrid has been recognised by MassEcon and the

Associated Industries of Massachusetts (AIM) for the positive impact of its

investments and major projects

• Key infrastructure projects include the electricity interconnector between

Canada and the US and the Vineyard Wind 1 offshore wind farm, representing

total investments of $5.6 billion (€4.7 billion) and contributing 2,000 MW to

the region’s electricity system—enough to meet approximately 25% of

demand

The Iberdrola Group has been recognised in the United States for the outstanding

contribution of its investments and key energy infrastructure to the economic and

industrial development of the state of Massachusetts, as well as to strengthening

the region’ s competitiveness in the global economy.

Its US subsidiary, Avangrid, has received the Annual Team Massachusetts Economic

Impact Award, presented by MassEcon, the private organisation that promotes

business growth in the state, and the 2026 Vision Award, the highest distinction

granted by the Ass ociated Industries of Massachusetts (AIM). Both awards

underscore the positive impact of the company’s major projects on economic

growth, job creation, the strengthening of local supply chains, the generation of

long -term opportunities and the development of local communities.

Among the company’s flagship infrastructure projects are the 233-kilometre, 1,200

MW electricity interconnector between Canada and the United States, which brings

hydroelectric power from Quebec into the New England network , and Vineyard

Wind 1, the country’s first commercial-scale offshore wind farm. With an installed

capacity of 806 MW, the facility can supply more than 400,000 homes and

businesses in the region.

Together, these projects represent total investments of $5.6 billion (€4.7 billion) and

contribute close to 2,000 MW to the Massachusetts electricity system—enough to

meet approximately 25% of the state’s total demand and supply more than one

million homes and businesses. Their contribution is key to ensuring a secure andPress release

18 April 2026

sustainable energy supply, while improving access to affordable energy in a

particularly sensitive context for households and businesses.

The awards granted by MassEcon— which selected just 13 companies from among

thousands across Massachusetts— and AIM highlight Avangrid’s role as a key

provider of essential services, underpinned by a sustained commitment to

innovation, network modernisatio n, the deployment of new generation and

transmission infrastructure, and close public -private collaboration.

 

About Iberdrola

With a market capitalisation exceeding €138 billion, Iberdrola is Europe’s largest electricity company and one of the two lar gest

globally. The Group supplies energy to more than 100 million people worldwide, with a workforce of 45,400 employees and asset s

totalling €161 billion. In 2025, Iberdrola reported a record net profit of €6.285 billion. The company contributes around €10.4 billion

annually in taxes across the countries in which it operates and supports more than 500,000 jobs throughout its supply chain, driven

by €13.2 billion in procurement from tens of thousands of suppliers. Since 2001, Iberdrola has invested more than €175 billion in

electricity networks, renewable energy and energy storage to advance an electrification-based energy model. The company operates

approximately 1.4 million kilometres of electricity networks in the United States (New York, Connecticut, Maine and Massachusetts),

the United Kingdom (Scotland, England and Wales), Brazil (Bahia, Rio Grande do Norte, Pernambuco, São Paulo, Mato Grosso do S ul

and Brasília) and Spain. It also has total installed capacity of 58,000 MW worldwide, of which more than 46,000 MW is renewable.