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10/04/2023

Avangrid Statement on Announcement of Northeast States Regional Procurement for Offshore Wind Power

Avangrid Statement on Announcement of Northeast States Regional Procurement for Offshore Wind Power

ORANGE, Conn. — October 4, 2023 — Pedro Azagra, CEO of Avangrid, Inc (NYSE: AGR), today issued the following statement on announcement of northeast states regional procurement for offshore wind power: 

“Avangrid commends Governor Maura Healey, Governor Ned Lamont, and Governor Daniel McKee for their forward-thinking and collaborative approach in announcing that Massachusetts, Connecticut, and Rhode Island will move forward with joint regional procurement for 6,000 megawatts of offshore wind power. At this critical time for the industry in the United States, as well as the rapid acceleration of the climate crisis, this bold procurement strategy rises to the level of urgency the moment demands while providing offshore wind developers an opportunity to leverage economies of scale that will unlock more competitive bids and the potential for greater investments in local development and job creation.

“We look forward to reviewing the final details of the procurement structure and to building on our success leading the development of the nation’s first utility scale offshore wind project, Vineyard Wind 1, which is currently moving forward with turbine installation campaign with the goal of delivering first power this year.

“We are grateful to the northeast states for their commitment to advancing the President’s ambitious 30 Gigawatt by 2030 goal, and for the support of our federal partners and the Biden Administration.” 
 

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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