US Companies Pressing for more Offshore Wind

Image: AVANGRID Acquires Major Stake in Massachusetts Off-Shore Wind Project Image: AVANGRID Acquires Major Stake in Massachusetts Off-Shore Wind Project
AVANGRID Renewables acquires stake in Massachusetts offshore wind project with Vineyard Wind to bring extensive offshore wind expertise and substantial financial firepower

Official Press Release Avangrid Renewables:

AVANGRID Acquires Major Stake in Massachusetts Off-Shore Wind Project with Vineyard 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

Avangrid Renewables, Vineyard Wind, offshore, USA, Massachusetts

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