Avangrid Wins 2 Lease Areas in Gulf of Maine to Develop Offshore Wind for $11.1 Million
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available