2024-11-22
http://w3.windfair.us/wind-energy/news/25060-avangrid-renewables-vineyard-wind-offshore-usa-massachusetts

US Companies Pressing for more Offshore Wind

AVANGRID Renewables acquires stake in Massachusetts offshore wind project with Vineyard Wind to bring extensive offshore wind expertise and substantial financial firepower

Official Press Release Avangrid Renewables:

AVANGRID Acquires Major Stake in Massachusetts Off-Shore Wind Project with Vineyard Wind

Partnership combines global experience, strategic expertise, and deep financial backing

Avangrid Renewables and Vineyard Wind, announced today that they have formed a strategic partnership to jointly develop a large scale wind energy project off the coast of Massachusetts. Avangrid Renewables is acquiring a 50 percent ownership interest in Vineyard Wind, the offshore wind energy developer that is part of the Copenhagen Infrastructure Partners (CIP) portfolio. Avangrid Renewables is a subsidiary of AVANGRID Inc. (NYSE:AGR), Iberdrola S.A. (Madrid: IBE), a worldwide leader in the energy industry with significant offshore wind holdings in Europe, owns 81.5% of the outstanding shares of AVANGRID common stock. The partnership of the two companies will bring... ... More: Official Press Release Avangrid Renewables

Keywords:
Avangrid Renewables, Vineyard Wind, offshore, USA, Massachusetts







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