Avangrid Receives Federal Approval For Construction And Operations Plan Of New England Wind 1 And 2; Construction Could Start In 2025; Projects To Create Thousands Of Jobs And Power Nearly 1M Homes
Portfolio Pulse from Benzinga Newsdesk
Avangrid has received federal approval for the construction and operations plan of New England Wind 1 and 2, with construction potentially starting in 2025. These projects are expected to create thousands of jobs and power nearly 1 million homes. Additionally, Avangrid is leading the Vineyard Wind 1 project, which will deliver power to 64,000 homes in Massachusetts.
July 01, 2024 | 7:15 pm
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Avangrid has received federal approval for its New England Wind 1 and 2 projects, which could start construction in 2025. These projects are expected to create thousands of jobs and power nearly 1 million homes. Avangrid is also leading the Vineyard Wind 1 project, delivering power to 64,000 homes in Massachusetts.
The federal approval for the New England Wind 1 and 2 projects is a significant milestone for Avangrid, indicating potential future revenue growth and job creation. The additional involvement in the Vineyard Wind 1 project further solidifies Avangrid's position in the renewable energy sector.
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