Avangrid Receives Federal Record of Decision for New England Wind

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it has received the federal Record of Decision (ROD) from the Department of the Interior for New England Wind. The ROD represents a significant permitting milestone that brings the lease area closer to full federal approval for construction, with the Construction and Operations Plan (COP) Approval anticipated for July 2024. Issuance of the ROD by the Department of the Interior comes after years of robust stakeholder engagement with Tribal Nations, members of local residential and fishing communities, and other ocean users. New England Wind, consisting of the New England Wind 1 and New England Wind 2 projects, has the potential to create thousands of jobs and provide enough clean, reliable energy to power nearly 1 million homes and businesses in the region. As the leading offshore wind developer in the United States, Avangrid is spearheading the development of the first-in-the-nation Vineyard Wind 1 project, currently under construction and delivering clean, reliable power to 30,000 homes and businesses in Massachusetts.

“The Record of Decision issued by the Biden Administration today represents a historic step toward the future of offshore wind in the United States,” said Avangrid CEO Pedro Azagra. “The Biden Administration, Secretary Haaland, and BOEM all deserve immense credit for their thorough and rigorous review of New England Wind, as well as their decisive action to move the nation’s clean energy and climate goals forward. With this federal approval, New England Wind stands apart as the most advanced and shovel-ready offshore wind opportunity in the Northeast region. We are grateful to our many supporters and stakeholders that participated in the federal permitting process, and look forward to continued engagement as we work to bring thousands of well-paying jobs and clean, reliable power to New England.”

“The Biden-Harris administration has built an offshore wind industry from the ground up after years of delay from the previous administration. Today, we celebrate the incredible progress being made toward achieving our goal of 30 gigawatts of offshore wind energy capacity by 2030," said Secretary Deb Haaland. “The New England Wind project will help lower consumer costs, combat climate change, create jobs to support families, and ensure economic opportunities are accessible to all communities.”