Iberdrola Sa - IBDRY STOCK NEWS

AVANGRID, Inc. announced the consolidation of its onshore and offshore renewable businesses, appointing Jose Antonio Miranda as President and CEO of Avangrid Renewables. This strategic decision aims to enhance asset value, project execution, and leverage synergies across its renewables portfolio. Miranda's previous experience includes leadership roles at Siemens Gamesa and as Co-CEO of Avangrid Renewables. Headquartered in Orange, CT, AVANGRID operates across 24 U.S. states with approximately $40 billion in assets and serves over 3.3 million customers.

AVANGRID announced a unanimous decision by Maine's Law Court, favoring the New England Clean Energy Connect (NECEC) project. This ruling is seen as a key step towards expanding clean energy, reducing carbon emissions, and improving the energy market in New England. The NECEC project promises to create hundreds of jobs and attract significant investment while delivering lower energy prices. It aims to eliminate more than 3 million metric tons of carbon emissions, equivalent to removing 700,000 cars from the road. This outcome positions Maine towards a sustainable energy future.

In a unique pilot program, fleet managers plan to electrify 285 vehicles, aiming to reduce CO₂ emissions by over 7,000 tons annually, equivalent to the emissions from 14,700 barrels of oil. The program involved workshops led by CLEAResult, NYSEG, and RG&E, focusing on actionable electrification plans specific to each organization. Avangrid’s subsidiaries will support the transition with various incentives and funding opportunities. The program successfully enabled participants to create tailored electrification roadmaps, demonstrating a commitment to sustainability and climate improvement.

AVANGRID, Inc. (NYSE: AGR) announced the appointments of María Fátima Báñez García and Camille Joseph Varlack to its Board of Directors, alongside Donna S. Watson's appointment to the Avangrid Networks Board. These appointments aim to enhance the company's leadership diversity, with female and minority representation rising to 29% on the main board and 57% for independent members. Both Báñez and Varlack bring a wealth of expertise in public policy and risk management, crucial for driving AVANGRID's growth strategy and long-term shareholder value.

AVANGRID (NYSE: AGR) has secured an agreement to manage the operations of Vineyard Wind 1, the U.S.'s first commercial-scale offshore wind project, currently under construction off Massachusetts. This 800 MW project is a joint venture with Copenhagen Infrastructure Partners, expected to power over 400,000 homes and cut carbon emissions by 1.6 million tons annually. AVANGRID will oversee operations, hire 20 qualified staff, and utilize IBERDROLA's experience. The project is set to deliver energy in 2023 and commence operations in 2024, marking significant progress in U.S. offshore wind.

AVANGRID (NYSE:AGR) announced its Q2 2022 earnings via a press release and will host a webcast conference call on July 27, 2022 at 10:00 A.M. ET to discuss results. The company operates with approximately $40 billion in assets across 24 states, serving over 3.3 million customers through its Avangrid Networks and Avangrid Renewables segments. Recognized for its sustainability efforts, AVANGRID has been listed among the World’s Most Ethical Companies for four consecutive years and ranks highly among corporate citizens.

AVANGRID, Inc. (NYSE: AGR) has appointed Patricia Cosgel as Chief Financial Officer, effective immediately. Cosgel, who has over 30 years of financial experience in the energy sector, replaces the interim position she held since February 2022. She will oversee key financial areas, including Treasury, Investor Relations, and ESG reporting. CEO Pedro Azagra expressed confidence in her ability to enhance the company’s financial strength and support its growth strategy. AVANGRID operates across 24 U.S. states, with assets totaling approximately $40 billion.