Vineyard Wind Named Climate Change Project of the Year by Environmental Business Council of New England

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment and in offshore wind development through its affiliate Vineyard Offshore, today announced that their joint venture Vineyard Wind 1 Project has received the Ruth H. Silman Award for Climate Change Project of the Year by the Environmental Business Council (EBC) of New England. The award, which was established in January 2020, recognizes a project or endeavor which demonstrates leadership in climate change. Avangrid and CIP will receive the award at the EBC APEX Awards Celebration on Thursday, June 13, 2024 at City Winery in Boston, Massachusetts.

“We are honored and grateful to receive this important recognition for our Vineyard Wind 1 project, and thank the Environmental Business Council for their partnership and support as we work together to take urgent action on climate change,” said Avangrid CEO Pedro Azagra. “Vineyard Wind 1 is a trailblazing project for the New England region and the nation, and we are proud every day to set a foundation from which an entire clean energy industry can flourish and meaningfully address our climate challenges.”

“EBC is honored to present the Ruth H. Silman Award for Climate Change Project of the Year to Vineyard Wind 1, a project that moves Massachusetts, and the entire New England region, into a cleaner, more sustainable energy future,” said EBC Executive Director Ann Gisinger.

Vineyard Wind 1 is the first large-scale offshore wind project in the United States. Located on the outer continental shelf, the 806 MW facility consists of 62 wind turbines over 800 feet high.

Vineyard Wind 1, in collaboration with federal colleagues at the United States Bureau of Ocean Energy Management, developed a permitting assessment covering potential environmental, social, economic, historic, and cultural impacts that could result from its construction, operation, maintenance, and eventual decommissioning. When fully operational, Vineyard Wind 1 will power approximately 400,000 homes while reducing carbon emissions by over 1.6 million tons per year. Additionally, the project has created more than 2,000 jobs to date, and delivered $590 million in total economic output to the Massachusetts’ economy.