Avangrid to build new wind farm with total capacity of 153 MW and 34 turbines in Illinois

Avangrid

Alphavalue/DIVACONS| Avangrid, the US subsidiary of Iberdrola (IBE), will build a new wind farm with a total capacity of 153 MW in Illinois (United States), the company announced on Tuesday.

Specifically, this project, called “Osagrove Flats”, will be located in La Salle County, the company’s fifth wind farm in the state of Illinois, and will have a total of 34 wind turbines.

On the other hand, Bloomberg report that Iberdrola is under pressure to increase shareholder remuneration due to the fact that the pay-out is below that of its comparables.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.