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10/31/2019

Avangrid Renewables Statement on finalization of BOEM Offshore Lease — North Carolina (Kitty Hawk)

Avangrid Renewables Statement on finalization of BOEM Offshore Lease — North Carolina (Kitty Hawk)

Click Here  for a PDF version of this press release.

October 13, 2017

PORTLAND, OREGON — Laura Beane, CEO & President of Avangrid Renewables, issued the following statement.

We are very excited to take this important next step as we help move the U.S. offshore wind industry forward. Executing this lease with the U.S. Bureau of Ocean Energy Management (BOEM) not only begins the formal process of studying these 122,000 acres in more detail, it means building long-term local and regional partnerships as we explore the opportunity to develop reliable, homegrown, clean energy using just the ocean breezes as fuel.

Even at this very early stage, we have a lot of work to do as we seek to better comprehend a number of variables that will inform our understanding of the wind farm development. That process will take time, is highly technical, and will involve many stakeholders, but we are confident in our ability to leverage our experience in order to deliver a competitively priced product to our eventual customers.

We are grateful for the work BOEM and the Department of the Interior have done to screen this site and conduct the selection process.

As the first company to bring wind energy to North Carolina, and with a track record of developing and operating renewable wind and solar plants from coast to coast, we’re excited to extend that expertise into the waters off North Carolina. We’ll bring to bear the substantial experience of our majority shareholder, Iberdrola Group, who develops, builds, and operates offshore wind in Europe. Now we get to work undertaking an enormous task in bringing this project to fruition, but confident in its completion.


About Avangrid Renewables:: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. (NYSE: AGR), a diversified energy and utility company with more than $31 billion in assets and operations in 27 states. Avangrid Renewables, LLC is headquartered in Portland, Oregon, and has more than $10 billion of operating assets totaling more than 6 gigawatts of owned and controlled renewable generation capacity, primarily through wind and solar, in 22 states across the United States. For more information, visitwww.avangridren.com.


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Art Sasse
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503.796.7740

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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