Avangrid Announces Agreement for Sale of Kitty Hawk North Offshore Lease Area to Dominion Energy [Yahoo! Finance]
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
BOSTON, July 08, 2024 BUSINESS WIRE )--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced an agreement for the sale of the Kitty Hawk North offshore wind lease area to Dominion Energy. The agreement, which includes the Kitty Hawk North offshore wind lease area and associated assets, is for a sale of approximately $160 million, inclusive of a payment of about $3,000 per acre for the nearly 40,000-acre lease. The sale price consists of a lease acquisition payment of $117 million and associated development cost reimbursement to Avangrid. "As Avangrid continues the construction of our nation-leading Vineyard Wind 1 project and the development of our diverse portfolio of offshore and onshore renewable projects, this transaction advances our strategic priorities by providing significant capital infusion for reinvestment," said Avangrid CEO Pedro Azagra. "Executing this agreement allows us to move forward with our long-term
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AGR
Earnings
- 7/23/24 - Beat
AGR
Sec Filings
- 9/26/24 - Form 8-K
- 9/19/24 - Form 8-K
- 9/18/24 - Form 8-K
- AGR's page on the SEC website