US Department Of Energy Selects Avangrid For $425M Capacity Contract For Its Aroostook Renewable Project
Portfolio Pulse from Benzinga Newsdesk
The US Department of Energy has selected Avangrid for a $425 million capacity contract under the Transmission Facilitation Program for its Aroostook Renewable Project. Avangrid plans to invest over $15 million in Disadvantaged Communities in Maine.
October 03, 2024 | 10:32 am
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Avangrid has been awarded a $425 million capacity contract by the US Department of Energy for its Aroostook Renewable Project. This contract is part of the DOE's Transmission Facilitation Program, and Avangrid plans to invest over $15 million in Maine's Disadvantaged Communities.
The $425 million contract from the DOE is a significant boost for Avangrid's renewable energy initiatives, likely enhancing its revenue and market position. The additional investment in Maine's communities may improve public perception and support.
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