Press Releases
04/22/2019
AVANGRID Releases Sustainability Report
AVANGRID Releases Sustainability Report
- Avangrid Networks subsidiary Central Maine Power’s $950 million New England Clean Energy Connect proposal won a Massachusetts RFP to deliver clean energy to the New England grid. Avangrid Renewables offshore wind joint venture Vineyard Wind, was chosen to provide 800 megawatts (MW) of wind generating capacity to Massachusetts utilities. Both projects combined will allow customers to avoid emissions equivalent to removing approximately one million cars from the road every year.*
- The company achieved emissions intensity in 2018 of 54 grams of carbon dioxide (CO2) per kilowatt-hour of electricity produced — approximately a 15% reduction compared with 2015 and eight times lower than the 2018 U.S. utility average. This is in line with AVANGRID’s goal to reduce CO2 emissions intensity from its power plants 25% by 2020, compared with a 2015 baseline, and achieve 100% carbon neutrality by 2035.
- The 16,986 gigawatt-hours of electricity produced by Avangrid Renewables’ wind and solar facilities allowed customers to avoid 12 million metric tons of carbon dioxide emissions — roughly equivalent to emissions avoided by removing 2.55 million cars from the road for a year*. Avangrid Renewables added nearly 1 gigawatt (GW) of wind and solar long-term contracts in 2018, and mobilized construction of 989 MW of projects for commissioning in 2019.
- Avangrid Networks announced a $2.5 billion Transforming Energy resiliency plan to harden and modernize the New York and New England power grids.
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.
