In a strategic move aimed at bolstering its long-term renewable energy goals, Avangrid, Inc. (NYSE: AGR) has announced the sale of its Kitty Hawk North offshore wind lease area and associated assets to Dominion Energy. The deal is valued at approximately $160 million, reflecting a significant lease acquisition payment of $117 million alongside costs for […]
Avangrid, Inc. (NYSE: AGR), a prominent player in sustainable energy within the Iberdrola Group, has announced receiving complete federal approval for its ambitious New England Wind 1 and 2 offshore wind projects. This significant milestone marks a major advancement for the projects, following the favorable Record of Decision (ROD) issued by the Biden Administration in […]
Iberdrola has finalized a pivotal agreement to purchase the remaining 18.4% stake in its U.S. subsidiary, Avangrid, consolidating full ownership of the company. This strategic acquisition, valued at $35.75 per share, translates into a total investment of approximately $2.551 billion (about €2.348 billion, at a 1.0866 EUR/USD exchange rate). The transaction was unanimously approved by […]
Avangrid, Inc., a leader in sustainable energy and part of the Iberdrola Group, along with Copenhagen Infrastructure Partners (CIP) through its affiliate Vineyard Offshore, have announced a significant milestone for the Vineyard Wind 1 project. This project marks the first large-scale offshore wind initiative in the United States, now delivering clean energy to 30,000 homes […]
Avangrid, Inc. (NYSE: AGR), a prominent sustainable energy corporation and part of the Iberdrola Group, has made headlines with its announcement of a Power Purchase Agreement (PPA) with Amazon. This notable deal involves sourcing renewable energy from the Avangrid wind farm located in Gilliam County, Oregon, known as the Amazon Wind Farm Oregon – Leaning […]
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a part of the Iberdrola Group, has announced its inaugural renewable energy project in Oklahoma, named Pontotoc Wind. This 147.5 MW wind farm, featuring 33 turbines, is set to bring clean wind power to approximately 40,000 homes in Pontotoc County, marking Avangrid’s expansion into 25 […]
Avangrid (NYSE: AGR), a sustainable energy frontrunner and part of the Iberdrola Group, made a significant stride in the renewable energy sector with the successful installation of an offshore substation at the Vineyard Wind 1 project. This marks the first large-scale offshore wind farm in the U.S., which is currently being constructed off the Massachusetts […]
AVANGRID has been issued the final environmental impact statement (FEIS) for the 800MW Vineyard Wind 1 project from the US Bureau of Ocean Energy Management (BOEM). The FEIS marks the final step prior to a record of decision (ROD) from the federal agency for the proposed Vineyard offshore wind farm in Massachusetts. The ROD is […]
Avangrid Renewables, a subsidiary of Avangrid, has begun the commercial operations of the 307MW Karankawa Wind Farm in Texas, taking the company’s wind portfolio in the US state to 1.2GW. The Karankawa wind project, which is located across the San Patricio and Bee counties in southern Texas, spans over 18,000 acres of land. The Avangrid wind […]