Avangrid Wins 2 Lease Areas in Gulf of Maine to Develop Offshore Wind for $11.1 Million

MT Newswires Live

2024/10/30

Avangrid (AGR) said Tuesday it won two lease areas in the Gulf of Maine for a total of $11.1 million.

The energy company said it will develop the lease areas for offshore wind, adding that the areas hold potential to generate 3 gigawatts of power.

The lease areas, which are located in the Gulf of Maine development area's southwest region, will allow Avangrid to advance its floating wind technology, the company said.

Price: 35.74, Change: -0.05, Percent Change: -0.14

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