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09/20/2022

AVANGRID Consolidates Onshore and Offshore Renewables Businesses

AVANGRID Consolidates Onshore and Offshore Renewables Businesses

AVANGRID Consolidates Onshore And Offshore Renewables Businesses

Jose Antonio Miranda will lead Avangrid Renewables


ORANGE, Conn. — September 20, 2022 — AVANGRID, Inc. (NYSE:AGR), a leading sustainable energy company, announced today the consolidation of its onshore and offshore renewables businesses. Leading the consolidated business will be Jose Antonio Miranda, who will serve as President and CEO of Avangrid Renewables.

“As we strive to maximize asset value, efficiently execute projects, and manage the changing dynamics of business in the U.S., consolidation of the onshore and offshore businesses will allow AVANGRID to leverage human capital, supply chain synergies, and project execution experience across Renewables,” said Pedro Azagra, AVANGRID CEO. “With critical milestones for our offshore wind projects approaching, Miranda’s key experience in the wind turbine industry, and his successful asset optimization of AVANGRID’s onshore wind business, ensures we have strong consolidated leadership.”

Miranda was appointed Co-CEO and President of Onshore for Avangrid Renewables in October of 2021. As President and CEO of Avangrid Renewables, he will continue to leverage his extensive renewables leadership experience, including his years of service as CEO of Onshore in the Americas region for Siemens Gamesa and Chairman of its Boards in the U.S., Mexico, and Brazil. 

Miranda holds a Master of Business Administration from ICADE (Universidad Pontificia de Comillas, Madrid, Spain) and a degree in Industrial Engineering from Superior Technical Institute Engineers of Gijón (Oviedo University, Spain).

 

About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

 

About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

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