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Stock impact report

Avangrid's New England Wind 1 and 2 offshore projects gain federal approval [Yahoo! Finance]

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The approval follows the favourable record of decision issued by the US national administration in April 2024 and largely completes the necessary permitting process. This marks a significant step towards the realisation of the 791MW New England Wind 1 project, which will deliver clean energy to 64,000 homes and businesses in Massachusetts. Avangrid, part of the Iberdrola Group, has not disclosed specific investment details for the projects. The New England Wind 1 and 2 projects will create thousands of jobs and supply clean energy to one million homes and businesses. On 27 March 2024, Avangrid submitted proposals for the New England Wind projects to a multi-state procurement initiative, with project selections to be announced in August 2024. New England Wind 1 is the sole project in the solicitation that possesses all federal, state and local permits. It will begin construction in 2025 and power delivery by 2029. The company anticipates a final letter of authorisation fro Show less Read more
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