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Avangrid Renewables has appointed Ken Kimmell as Vice President of Development for Offshore Wind, effective immediately. Kimmell will focus on permitting, stakeholder relations, and project development for the company's offshore wind initiatives. He brings over 30 years of expertise in energy and environmental issues, previously serving as president of the Union of Concerned Scientists. Kimmell expressed enthusiasm for addressing climate change through offshore wind projects that gain public support and offer benefits to coastal communities.
AVANGRID (NYSE: AGR) expressed support for the upcoming auction by the Bureau of Energy and Ocean Management for offshore wind lease areas in the New York Bight, scheduled for February 23, 2022. With a robust offshore wind project portfolio of 4.9 GW, including projects like Vineyard Wind 1 and Commonwealth Wind, AVANGRID aims to advance clean energy and community benefits. The company emphasizes its commitment to sustainable energy development, workforce initiatives, and marine protections as integral to its project execution.
Avangrid Renewables has successfully restructured its Vineyard Wind joint venture, positioning itself as the largest offshore wind supplier in New England. With a robust offshore wind pipeline totaling 4.9 GW, the company aims to power over 2 million households. Key projects include Park City Wind (804 MW), Commonwealth Wind (1232 MW), and the Vineyard Wind 1 (800 MW). The leadership team has been enhanced, with plans to add up to 100 professionals next year, strengthening their capacity in a growing sector.
Avangrid Renewables has restructured its Vineyard Wind joint venture, becoming New England's largest offshore wind supplier. The company now holds a total offshore wind pipeline of 4.9 GW, capable of powering over 2 million homes. The restructuring solidifies Avangrid's role in the U.S. offshore wind sector, aiming to meet the nation's clean energy target of 30 GW by 2030. Recent leadership appointments are expected to enhance project management and growth strategies. Key projects include Vineyard Wind 1, Park City Wind, and Commonwealth Wind, collectively contributing 2,804 MW to the region.
AVANGRID, Inc. (NYSE: AGR) announced an extension of the merger agreement with PNM Resources (NYSE: PNM) to April 20, 2023, amidst an appeal of the New Mexico Supreme Court's order that rejected the merger. The partnership aims to enhance New Mexico's clean energy initiatives. The merger, already endorsed by several federal agencies, promises over $300 million in community benefits, while ensuring local control of utility operations. The companies are committed to continue collaboration during the appeal process, with provisions for termination under specific conditions.
Avangrid Renewables announced its joint venture offshore wind project, Commonwealth Wind, selected in Massachusetts' third offshore wind procurement. This 1,232 MW project will create over 11,000 jobs and power 750,000 homes yearly. The initiative transforms coal-fired sites into clean energy hubs, expanding Avangrid's offshore wind portfolio to 2,400 MW. It also establishes the state's first offshore wind manufacturing facility and a second offshore wind port, marking a significant step towards the U.S. offshore wind target of 30 GW by 2030.
AVANGRID, Inc. (NYSE: AGR) expressed disappointment over the Public Regulation Commission’s recent decision to reject a key agreement. The company is currently assessing its next steps while emphasizing its ongoing commitment to generating economic, social, and environmental value across 24 states. AVANGRID remains optimistic about its future and acknowledges the contributions of its dedicated team, particularly highlighting the groundbreaking of Vineyard Wind, the nation's first significant offshore wind energy project.
AVANGRID, a prominent sustainable energy company, has initiated a lawsuit in New Mexico against Security Limits, Inc. and its CEO, Paulo Silva, for defamation and tortious interference. The company claims Silva, a former subcontractor, attempted to exploit the merger review process with PNM Resources to extort contracts. His allegations coincide with efforts by New Energy Economy to block the merger. AVANGRID asserts its commitment to vigorously counter these meritless claims and has previously dismissed Silva's allegations. The company operates with approximately $39 billion in assets across 24 states.
AVANGRID, Inc. (NYSE:AGR) has declared a quarterly dividend of $0.44 per share on its Common Stock, payable on January 3, 2022, to shareholders of record as of December 13, 2021. The company, headquartered in Orange, CT, manages approximately $39 billion in assets across 24 U.S. states, focusing on sustainable energy through its Avangrid Networks and Avangrid Renewables sectors. AVANGRID is recognized as a leader in corporate responsibility and commitment to sustainability.
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