STOCK TITAN

Avangrid Renewables Adds Bill White, Sy Oytan to Offshore Wind Leadership Team

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary

Avangrid Renewables, a subsidiary of AVANGRID (NYSE: AGR), has appointed Bill White as head of U.S. offshore wind and Sy Oytan as deputy CEO of Vineyard Wind. This strategic move aims to enhance Avangrid's offshore wind initiatives, including the Vineyard Wind project, the first large-scale offshore wind farm in the U.S., and the Park City Wind project. Collectively, these projects are set to provide clean energy to Massachusetts and Connecticut. Avangrid's offshore wind pipeline now totals nearly five gigawatts, capable of powering about two million homes.

Positive
  • Appointment of Bill White and Sy Oytan expected to strengthen leadership in offshore wind sector.
  • Vineyard Wind and Park City Wind projects anticipated to provide clean energy to over two million homes.
  • Avangrid's offshore wind development pipeline now totals nearly five gigawatts.
Negative
  • None.

PORTLAND, Ore.--()--Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR) and a leading developer of utility-scale solar, onshore and offshore wind projects, today announced the appointment of Bill White as head of U.S. offshore wind and Sy Oytan as deputy CEO of Vineyard Wind. Through its partnership with Copenhagen Infrastructure Partners, Avangrid Renewables is jointly developing Vineyard Wind, the nation’s first large-scale offshore wind farm off the coast of Massachusetts, and Park City Wind, which will supply Massachusetts and Connecticut, respectively, with clean renewable energy.

White will lead the development and implementation of Avangrid Renewables’ overall offshore wind strategy in the U.S. Oytan will be joining White’s team and will oversee business management, finance, development and delivery for the Vineyard Wind and Park City projects.

“Throughout his career, Bill has helped lay the foundation for the U.S. offshore wind industry. His experience, expertise and relationships will further strengthen Avangrid Renewables’ position as an industry leader,” said president and CEO of Avangrid Renewables Alejandro de Hoz. “Sy’s background in offshore wind project development and delivery makes him a tremendous addition to our team. His expertise will facilitate the successful development of these two groundbreaking offshore wind projects for Massachusetts and Connecticut.”

In addition to the two southern New England projects, Avangrid Renewables is developing its wholly-owned Kitty Hawk Offshore Wind project, a proposed 2,500 megawatt offshore wind project off the coast of Virginia and North Carolina. In total, Avangrid Renewables has an offshore wind development pipeline of nearly five gigawatts, enough to power approximately two million American homes.

“I’m proud to join the pioneers of the North American offshore wind industry,” said White. “Avangrid Renewables is leading a new American energy transition that will create thousands of jobs while producing clean, affordable energy to tackle our mounting climate emergency. I am thrilled to join such a strong team dedicated to launching the future of U.S. clean energy offshore.”

Prior to joining Avangrid Renewables, White served as President and CEO of EnBW North America, the U.S. offshore wind subsidiary of the German utility. He was previously the senior director of offshore wind sector development for the Massachusetts Clean Energy Center where he led the state’s offshore wind planning efforts and directed initiatives to support the responsible siting of offshore wind projects.

Additionally, White served in the White House as a special assistant to the president and as assistant secretary at the Massachusetts Executive Office of Energy and Environmental Affairs. He is a graduate of Boston College’s School of Management and the Harvard Kennedy School.

“Vineyard Wind is breaking new ground with the first large-scale offshore wind farms in the waters of the United States,” said Oytan. “Joining the team that’s helping make this project a reality and growing a new U.S. industry is a terrific opportunity.”

Oytan joins Avangrid Renewables from Arup, where he led offshore wind development efforts for the multinational engineering firm. Previously, he worked for the New Jersey Economic Development Authority where he spearheaded a range of offshore wind port and supply chain development initiatives for the State of New Jersey. During his career, he led the development, delivery, construction and advisory on 6.5 GW of onshore and offshore wind energy projects in the US, Europe and Asia. He has also held a variety of leadership positions at Siemens Gamesa and Schlumberger. He is a mechanical engineer with a master’s degree in Industrial Management from Clemson University.

White and Oytan will be based, respectively, in Avangrid Renewables’ and Vineyard Wind’s offices in Boston, Massachusetts.

About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.com.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $35 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns 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 6,600 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.

Contacts

Morgan Pitts
morgan.pitts@avangrid.com
503.933.8907 (business hours)

24/7 Media Hotline
833.MEDIA.55 (833.633.4255)

FAQ

What is the recent appointment at Avangrid Renewables?

Bill White has been appointed as head of U.S. offshore wind and Sy Oytan as deputy CEO of Vineyard Wind.

What projects is Avangrid Renewables developing?

Avangrid Renewables is developing the Vineyard Wind and Park City Wind projects, along with the Kitty Hawk Offshore Wind project.

How much offshore wind capacity does Avangrid have?

Avangrid has an offshore wind development pipeline of nearly five gigawatts.

What impact will the new appointments have on Avangrid's offshore wind initiatives?

The appointments are expected to enhance leadership and implementation of offshore wind projects, promoting clean energy initiatives.

What regions will benefit from Avangrid's wind projects?

Massachusetts and Connecticut will benefit from the clean energy supplied by the Vineyard Wind and Park City Wind projects.

Avangrid, Inc.

NYSE:AGR

AGR Rankings

AGR Latest News

AGR Stock Data

13.96B
71.02M
81.65%
12.38%
0.34%
Utilities - Regulated Electric
Electric Services
Link
United States of America
ORANGE