AVANGRID Applauds Announcement of New York Bight Offshore Wind Auction
12 Januar 2022 - 09:25PM
Business Wire
AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy
company, released the following statement regarding the
announcement that the Bureau of Energy and Ocean Management (BOEM)
plans to hold an auction on February 23, 2022 for offshore wind
lease areas in the New York Bight.
“As a leader in offshore wind, AVANGRID applauds the much
anticipated announcement for a public auction for lease areas
within the New York Bight,” said Dennis V. Arriola, CEO of
AVANGRID. “Given our 4.9 GW off-shore wind project portfolio, we
look forward to participating in this historic auction. We have a
strong track record of developing projects that incorporate all
stakeholders and community interests in a way that brings not only
clean energy benefits, but also sustainable economic and societal
benefits through project labor agreements, workforce and supply
chain development, and marine mammal protections.”
About Avangrid Renewables Offshore Wind Portfolio
Vineyard Wind 1: a 50/50 joint venture with Copenhagen
Infrastructure Partners and the first commercial scale U.S.
Offshore Wind Project. The project began onshore construction last
year and when completed will deliver 800 MW to Massachusetts
customers.
Park City Wind: an 804 MW project that will deliver clean
energy to Connecticut customers while revitalizing Bridgeport’s
waterfront as home to the project’s office and transition piece
staging and operations and maintenance port.
Commonwealth Wind: a groundbreaking 1232 MW project that
will deliver clean energy to Massachusetts customers. The project
supports historic economic development investments in the
Commonwealth, including a tier I cable manufacturing facility and
the Commonwealth’s second offshore wind port in Salem, MA.
Kitty Hawk Offshore Wind: a 2,500 MW development project
off the coast of North Carolina and Virginia. The project can
deliver clean energy to both states and has received its notice of
intent to proceed with permitting from the Bureau of Ocean Energy
Management.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be
the leading sustainable energy company in the United States.
Headquartered in Orange, CT with approximately $39 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.
Forward-Looking Statements
Certain statements in this release may relate to our future
business and financial performance and future events or
developments involving us and our subsidiaries that are not purely
historical and may constitute “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements may be identified by the use of
forward-looking terms such as “may,” “will,” “should,” “would,”
“could,” “can,” “expect(s),” “believe(s),” “anticipate(s),”
“intend(s),” “plan(s),” “estimate(s),” “project(s),” “assume(s),”
“guide(s),” “target(s),” “forecast(s),” “are (is) confident that”
and “seek(s)” or the negative of such terms or other variations on
such terms or comparable terminology. Such forward-looking
statements include, but are not limited to, statements about our
the impacts of the Vineyard Wind restructuring, the expected
benefits of the Vineyard Wind restructuring, our offshore wind
pipeline, the expected timetable for completing offshore wind
projects, the ability to recruit and retain a highly qualified and
diverse workforce in the competitive labor market, future
opportunities, plans, objectives and intentions, outlooks or other
future financial or business performance, strategies or
expectations, results of operations or financial condition of the
business and other statements about future events or performance.
Such statements are based upon the current reasonable beliefs,
expectations, and assumptions of our management and are subject to
significant risks and uncertainties that could cause actual
outcomes and results to differ materially. Important factors are
discussed and should be reviewed in our Form 10-K and other
subsequent filings with the SEC. Should one or more of these risks
or uncertainties materialize, or should any of the underlying
assumptions prove incorrect, actual results may vary in material
respects from those expressed or implied by these forward-looking
statements. You should not place undue reliance on these
forward-looking statements. We do not undertake any obligation to
update or revise any forward-looking statements to reflect events
or circumstances after the date of this release, whether as a
result of new information, future events or otherwise, except as
may be required under applicable securities laws. Other risk
factors are detailed from time to time in our reports filed with
the SEC, and we encourage you to consult such disclosures.
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version on businesswire.com: https://www.businesswire.com/news/home/20220112005952/en/
MEDIA: Zsoka McDonald zsoka.mcdonald@avangrid.com
203-997-6892
INVESTORS: Patricia Cosgel Patricia.cosgel@avangrid.com
203-499-2624
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