Avangrid Receives Federal Record Of Decision For New England Wind
Portfolio Pulse from Benzinga Newsdesk
Avangrid, Inc. (NYSE:AGR), a sustainable energy company, has received the federal Record of Decision for New England Wind, marking a significant step towards federal approval for construction. This project, including New England Wind 1 and 2, aims to provide 2 Gigawatts of power, enough for nearly 1 million homes and businesses. Avangrid is also developing the Vineyard Wind 1 project, delivering power to 30,000 homes in Massachusetts.
April 02, 2024 | 1:57 pm
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Avangrid, Inc. received the federal Record of Decision for New England Wind, a critical step towards construction approval for a project that could power nearly 1 million homes.
Receiving the federal Record of Decision is a significant regulatory milestone that typically leads to positive investor sentiment, as it moves the project closer to construction and operation. This progress in Avangrid's New England Wind project, which promises substantial clean energy output, is likely to be viewed positively by the market, potentially boosting AGR's stock in the short term.
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