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07/16/2021

First Large-Scale Offshore Wind Project In U.S. To Be Built With Union Labor

First Large-Scale Offshore Wind Project In U.S. To Be Built With Union Labor

AVANGRID joint venture enters Project Labor Agreement with Massachusetts Building Trades for construction of Vineyard Wind 1

Orange, CT — July 16, 2021 — AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, is pleased to announce that its joint venture, Vineyard Wind, has today entered into a Project Labor Agreement (PLA) with the Massachusetts Building Trades and local union affiliates for the construction beginning later this year of Vineyard Wind 1, an 800 megawatt (MW) offshore wind project.

“We are proud to work with organized labor to make history by building the nation’s first large-scale offshore wind project, Vineyard Wind 1,” said Dennis V. Arriola, CEO of AVANGRID. “The PLA is a triple-win for workers, our communities and industry and sets a strong precedent as we build the offshore wind energy infrastructure in the U.S. Investing in the workforce that will build the clean and connected future creates strong, sustainable communities and will enable the long-term growth and success of the offshore wind industry in this country.”

The agreement ensures fair, family-supporting wages and thorough workplace protections for the workers who will be constructing Vineyard Wind 1, the nation’s first commercial-scale offshore wind project. The PLA also ensures that there will be talented and skilled laborers available during construction to meet the project’s needs and deliver Vineyard Wind 1 on schedule. 

AVANGRID, through its subsidiary Avangrid Renewables, is a leading developer and operator of onshore wind and solar and is pioneering the development of offshore wind in the U.S. In addition to Vineyard Wind 1, Avangrid Renewables is a partner on Park City Wind, an 804 MW project that will serve the state of Connecticut, as well as on additional lease areas off the coast of Massachusetts and Rhode Island which can deliver up to 3,500 MW. In the mid-Atlantic, Avangrid Renewables is developing Kitty Hawk Offshore Wind which has the potential to deliver 2,500 MW of clean energy into Virginia and North Carolina. 

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About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates 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 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.

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. 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

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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