Vineyard Wind entered a project labor agreement (PLA) with Massachusetts Building Trades and local union affiliates for the construction of Vinyard Wind 1, an 800-MW offshore wind project, later this year. “We are proud to work with organized labor to make history by building the nation’s first large-scale offshore wind project, Vineyard Wind 1,” said…

California Choice Energy Authority (CalChoice) announced three new power purchase agreements (PPA) for wind energy from Avangrid Renewables’ Mountain View III Wind Farm in Palm Springs, California. CalChoice will buy the entire output of the 22.44-MW wind farm starting in 2021 on behalf of three of its members: Apple Valley Choice Energy (AVCE), the Rancho…

Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc., has expanded its offshore wind presence as a result of winning an auction for a competitive lease sale in federal waters administered by the U.S. Department of Interior’s Bureau of Ocean Energy Management (BOEM). Vineyard Wind of New Bedford, Massachusetts, which is a joint venture between Avangrid…

New England is embracing the opportunity to be a national clean energy pioneer, AVANGRID, Inc. CEO James P. Torgerson told North American energy industry leaders. Torgerson was speaking at the New England-Canada Business Council’s 26th Annual U.S.-Canada Energy Trade & Technology Conference this week, where he highlighted the Orange, Connecticut-based company’s two major projects. He said the…

AVANGRID has entered into a $2.5 billion syndicated sustainability-linked credit facility, the biggest green loan in the U.S. to date. In doing so, AVANGRID demonstrates its commitment to combating climate change. BBVA has acted as sustainable agent and joint lead arranger for the deal. The green loan takes the form of a revolving credit facility…

Avangrid Renewables, a subsidiary of AVANGRID, Inc., began commercial operations at three new wind farms in recent weeks, including more than 500 MW of new wind farms in California, New Mexico, and Colorado. The projects are each under long-term energy contracts. The 131-MW Tule Wind Farm in California, the 298-MW El Cabo Wind Farm in…

Avangrid Renewables has started commercial operations at its newest wind farm, the Deerfield Wind Farm. This first wind farm on U.S. Forest Service land in the country crosses the towns of Readsboro and Searsburg. “This project in concept has been at the forefront of our program of work for many years,” said John Sinclair, Forest…

Avangrid, Inc., a diversified energy company, announced the pricing of $600 million in aggregate principal amount of its 3.150% notes due December 1, 2024. The offering is expected to close on November 21, 2017, subject to the satisfaction of customary closing conditions. Avangrid expects to use the net proceeds of the offering to finance and/or…

Avangrid Renewables is a subsidiary of AVANGRID Inc Iberdrola S.A., 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.

Dairyland Power Cooperative has signed a power purchase agreement (PPA) with Avangrid Renewables for electricity from the 160-MW Barton wind farm in Iowa. The 160-MW Barton wind farm in Worth County, Iowa was placed in service in June, 2009. Under the terms of the agreement, Dairyland, which provides wholesale electricity to 24 members and 17 municipal…

Iberdrola USA and UIL Holdings Corporation announced the closing of the merger between their companies that creates a diversified energy and utility company.The company will operate under the name AVANGRID, Inc. with $30 billion in assets and operations in 25 states. “Today, AVANGRID, a new American energy giant, has been born. As we have done…