Press Releases
12/14/2020
Avangrid Renewables Submits Construction and Operations Plan for Kitty Hawk Offshore Wind Project
Avangrid Renewables Submits Construction and Operations Plan for Kitty Hawk Offshore Wind Project
Project to generate $2 billion in economic impact and nearly 800 jobs in Virginia and North Carolina during construction.
Virginia Beach, Va. – December 14, 2020 – Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), a leading developer of onshore and offshore wind in the U.S., submitted a Construction and Operations Plan (COP) to the federal Bureau of Ocean Energy Management (BOEM) on Friday, December 11th for the first phase of the company’s wholly owned Kitty Hawk Offshore Wind project. The COP also includes the findings from an economic impact study (EIS), conducted by the Public Strategy Group, which anticipates substantial economic and employment benefits to result from the construction of Kitty Hawk Offshore Wind’s multiple phases between 2021 and 2030.
“We’re proud to be the first to submit a federal permit for a commercial scale offshore wind project in Virginia and the Carolinas,” said Bill White, Avangrid Renewables’ head of U.S. offshore wind. “Kitty Hawk Offshore Wind will deliver clean energy to customers in the region and significant economic benefits and quality jobs for decades to come.”
The first phase of the project, anticipated to begin construction as soon as 2024, will have the capacity to generate approximately 800 megawatts (MW) of electricity. When all phases are complete, Kitty Hawk Offshore Wind is expected to have a total generation capacity of up to 2,500 MW, or enough to power 700,000 homes – approximately four times the number of households in Virginia Beach -- with clean energy.
“The offshore wind industry presents tremendous opportunity to the Hampton Roads region,” said Doug Smith, president and CEO of the Hampton Roads Alliance. “I look forward to working with Avangrid Renewables as they develop the Kitty Hawk Offshore Wind project and deliver substantial economic benefits to the Hampton Roads region.”
The EIS found that the project will drive significant economic activity and employment opportunity in the region. Kitty Hawk Offshore Wind is expected to generate $2 billion in economic impact between 2021 and 2030 and is expected to create nearly 800 jobs in Virginia and North Carolina, with nearly 600 of those in the Hampton Roads region which includes southeastern Virginia and northeastern North Carolina.
An executive summary and full EIS can be viewed here. To learn more about the project, please visit: www.kittyhawkoffshore.com.
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About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.com.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $36 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.
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.
