Trump administration cancels five offshore wind projects, including Iberdrola's first major facility in the US
The Executive has made this decision because of "the national security risks identified by the Department of War." "The main duty of the United States Government is to protect Americans," they argue.
Iberdrola technicians installing the Wikiinger substation in Germany.
The United States Government has ordered the suspension of works on five offshore offshore marine farms, including the "Vineyard Wind 1"project of the American subsidiary of Iberdrola Avangrid and the Danish company Copenhagen Infrastructure Partners (CIP).
In a statement, the U.S. Department of the Interior has announced that it will immediately suspend lease contracts for all large-scale offshore wind projects under construction in the United States for "risks to national security identified by the War Department," it has argued.
"The main duty of the United States Government is to protect the people of the United States," said Secretary of the Interior Doug Burgum, adding that the measure "anticipates the emerging risks to national security, given the rapid evolution of key rival technologies and the vulnerability of marine wind projects near population centres on the East Coast."
The US Administration has stressed that stopping the works now will give "time to work with tenants and state partners to assess the national security risks posed by these projects."
Vineyard Wind 1
"Vineyard Wind 1" is Iberdrola's first major offshore wind facility in the United States. The project is off the coast of Massachusetts and has a capacity of 806 MW, generating enough energy to meet the demand of more than 400,000 households and companies.
The Iberdrola Group, which owns 50% of the project through its subsidiary Andrade Power Avangrid, and the CIP, have made an investment of $3 billion (more than €2.7 billion) through contracts with three major state electricity companies.
Last September , the Trump administration suspended two Iberdrola offshore wind projects (New England Wind 1 and 2) from construction. He's started his crusade against renewables, because since Donald Trump came to the U.S. government and the offshore wind farms, he's been canceling and threatening more than one work.
In January, as soon as he took office, Trump issued an executive order temporarily suspending new wind power concession contracts in US coastal waters, while calling for a review of leasing practices and permits for such federal government projects.
The U.S. is strategic for Iberdrola.
The United States is in itself a strategic market for Iberdrola as explained in the new 'roadmap' for 2028.
The company plans to invest more than €16 billion until 2028, and will spend most of its investment on electricity and gas infrastructure.
The American subsidiary of Iberdrola, Avangrid, currently serves more than six million households and companies in the United States.
You might like
Volkswagen will cut 50,000 more jobs, half in Germany and the rest in Europe
The Volkswagen group is in crisis due to strong competition from Chinese manufacturers in Europe, declining sales in China and tariffs in the United States.
France announces aid to farmers affected by drought
Farmers' representatives will meet next week with the French Ministry of Agriculture to convey their demands. The effects of drought and heat are being felt economically, but also physically and mentally.
A worker died in an accident at a winery in Lanciego
The incident took place around 12:20 p.m. and the circumstances of the incident are being investigated. Emergency services have been moved to the scene, but the operator's life has not been saved.
A new tax on fast and cheap clothing is introduced in France
Asian giants like Shein or Temu will now have to pay penalty rates of between 50 cents and 12 euros per garment.
The diesel discount goes up to 20 cents per litre, and the gasoline discount goes down to 5 cents
The tax rebate on diesel has doubled since today, while petrol has halved.
The Basque Government will meet again this Tuesday with farmers to assess the impact of the drought
Agricultural associations and trade unions, among others, want the ACV to be declared a drought zone and special measures to be taken. The meeting will take place at 4 p.m. at the headquarters of the Basque Government in Vitoria-Gasteiz.
Trade unions and employers sign the first agreement on nursing homes in Navarre
After more than five years of negotiations, trade unions and employers have signed the agreement today, which will involve more than 5,000 workers.
The electricity bill has risen 19% in August, reaching its highest level since 2022
Rising demand in heat waves and rising natural gas prices will make an average user's receipt about EUR 14 more expensive.
The 20 cent diesel rebate will come into effect on Tuesday
The measure, which has so far been reduced by 10 cents per litre, aims to combat fuel prices by 15.7% in July.
The September hill this year will be one of the hardest in years
With the return to work, the families of the Basque Country face another reality, which is that this year's September hill will be one of the hardest in recent years, as evidenced by inflation at 4.3%, a figure not seen since February 2023.