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On July 13, 2023, a New York intermediate appellate court held that Iberdrola could continue pursuing all but one of its claims against a bevy of lenders in connection with a.
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The dispute arose out of the construction of the Salem Harbor Energy Center project involving a 674 MW combined cycle power plant. The claimant in the case, Iberdrola Energy Projects, or IEP, was the EPC contractor responsible for the engineering, procurement and construction of the project. The respondent, Footprint Power Salem Harbor Development, is the .