Iberdrola Completes $1.65 Billion Energy Project Linking Canada and US

Iberdrola has commissioned a $1.65 billion power line connecting Quebec's hydroelectric power to New England, supplying 10% of Massachusetts' electricity.

Insights:
Iberdrola SA has successfully commissioned the New England Clean Energy Connect, a significant $1.65 billion power transmission line that bridges the energy gap between Canada CACAand the United States USUS. This 233-kilometer high-voltage interconnection is designed to transport hydroelectric power from Quebec directly to the New England region, specifically targeting Massachusetts' electricity needs.
Miniatures of a windmill, solar panel, and electric pole are displayed in front of the Iberdrola Renewables logo in this illustration taken on January 17, 2023. REUTERS/Dado Ruvic/Illustration
Miniatures of a windmill, solar panel, and electric pole are displayed in front of the Iberdrola Renewables logo in this illustration taken on January 17, 2023. REUTERS/Dado Ruvic/Illustration
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.