Avangrid CEO Pedro Azagra Statement on Climate Week NYC

Rhea-AI Summary

Avangrid CEO Pedro Azagra issued a statement at the start of Climate Week NYC, emphasizing the company's commitment to leading the clean energy transition in the United States. Azagra highlighted the urgency of addressing climate change, citing extreme weather events as evidence of the need for immediate action.

The CEO outlined Avangrid's progress, including:

• A portfolio of over 9 Gigawatts of installed clean energy
• Construction of America's first large-scale offshore wind farm
• Record investments in network infrastructure to enhance resilience

Azagra stressed Avangrid's dedication to meeting the growing demand for safe, clean, and affordable electricity, while working towards creating a healthier future for generations to come.

Positive

• Portfolio of over 9 Gigawatts of installed clean energy
• Construction of America's first large-scale offshore wind farm
• Record investments in network infrastructure

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• None.

ORANGE, Conn.--(BUSINESS WIRE)-- Pedro Azagra, CEO of Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today issued the following statement at the start of Climate Week NYC.

“Under the leadership of Iberdrola’s Executive Chairman Ignacio Galán, Avangrid has embarked on a journey to purposefully and confidently lead the clean energy transition in the United States. We recognize that we stand at a pivotal moment in our history, as we mark the beginning of Climate Week NYC, where the urgency to fight climate change has never been greater. Every devastating storm, heat wave, or drought – likely made more extreme due to our changing climate – demonstrates the need for immediate action. In keeping with this year’s theme, it’s time to accelerate progress.

With a growing portfolio of over 9 Gigawatts of clean energy installed, and with America’s first large-scale offshore wind farm currently under construction, we aren’t just promising a greener future, we are building it today. Along the way, we are making record investments in our networks to help our millions of power customers weather the next extreme event fueled by climate change.

The demand for safe, clean, affordable electricity to power our homes and businesses will keep growing. Together with our global partners, Avangrid has been at the forefront of the energy transition and will continue forging ahead to achieve our common goal of creating a healthier tomorrow that will ensure the well-being of generations to come.”

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $45 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens – in 2024 for the fourth consecutive year. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240922497083/en/

Media:

Keaton Thomas

Keaton.thomas@avangrid.com

503-956-9621

Source: AVANGRID, Inc.

FAQ

What is Avangrid's (AGR) role in the clean energy transition?

Avangrid (AGR) is leading the clean energy transition in the United States with over 9 Gigawatts of installed clean energy and is constructing America's first large-scale offshore wind farm.

How is Avangrid (AGR) addressing climate change during Climate Week NYC?

During Climate Week NYC, Avangrid (AGR) is emphasizing its commitment to accelerating progress in fighting climate change through its clean energy projects and investments in network infrastructure.

What investments is Avangrid (AGR) making to support climate resilience?

Avangrid (AGR) is making record investments in its networks to help its millions of power customers better withstand extreme weather events fueled by climate change.

How much clean energy capacity does Avangrid (AGR) currently have installed?

Avangrid (AGR) has a growing portfolio of over 9 Gigawatts of clean energy installed.