US Companies Pressing for more Offshore 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