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Stock impact report

Avangrid Secures Two Lease Areas in Gulf of Maine Floating Wind Auction

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Business Wire
Avangrid adds to Iberdrola Group floating wind portfolio, secures Lease Areas OCS-A 0564 and OCS-A 0568 with the potential to deliver approximately 3 Gigawatts of clean energy to New England region BOSTON--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced it has secured two lease areas in the auction of sites for offshore wind development in the Gulf of Maine held by the federal Bureau of Ocean Energy Management (BOEM). Avangrid was named provisional winner of lease areas OCS-A 0564 (98,565 acres) for $4.9 million and OCS-A 0568 (124,897 acres) for $6.2 million. Avangrid will work to develop the lease areas, with the potential to deliver 3 Gigawatts of clean power, to help meet the energy needs of the New England region and advance the United States 30 GW offshore wind target. The lease areas also enable Avangrid to help progress floating wind technology, as the next generation of offshore wind devel Show less Read more
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