Associated tags: Ethisphere Institute, Environment, Avangrid, JUST, Iberdrola, AGR, Energy, Alternative Energy, Utilities, NYSE, Gas, Oil, Sustainability, Renewable energy, Other Energy, Wind
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The United Illuminating Company Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today held its first Trades Job Fair for more than 130 Connecticut technical high school students to introduce them to trade career opportunities at Avangrid.
Key Points:
- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today held its first Trades Job Fair for more than 130 Connecticut technical high school students to introduce them to trade career opportunities at Avangrid.
- By showcasing the opportunities for careers in the trades, members of the Avangrid team sought to promote vocational education and strengthen the company’s relationship with technical high schools in the area.
- I look forward to continuing to deepen our relationships with the schools in attendance today to benefit both their students and our company.”
The students in attendance represented 17 Connecticut technical high schools, including several in Avangrid subsidiary United Illuminating (UI)’s service area, such as Eli Whitney Technical High School in Hamden, Bullard-Havens Technical High School in Bridgeport, and Platt Technical High School in Milford.
- “We are glad to have all the seniors at Bullard Havens here attending today’s Job Fair,” said Sandeep Tibrewal, Dean of Students and Attendance at Bullard-Havens Technical High School.
Retrieved on:
Thursday, October 12, 2023
Oil,
Gas,
Alternative Energy,
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Other Energy,
Utilities,
Multimedia,
Inclusion,
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Avangrid The event proactively connected diverse suppliers with Avangrid contacts and increased the overall visibility of Avangrid’s Supplier Diversity Program as the company moves to increase its supplier diversity spend to $300 million by 2025.
Key Points:
- The event proactively connected diverse suppliers with Avangrid contacts and increased the overall visibility of Avangrid’s Supplier Diversity Program as the company moves to increase its supplier diversity spend to $300 million by 2025.
- Avangrid launched its expanded Supplier Diversity Program last year and added staff dedicated to proactively supporting diverse suppliers.
- “Supplier diversity has always been something that is top of mind for me,” said Dominick Manno, Director of Sustainability & Supplier Diversity at Avangrid.
- Now my journey has come full circle as I lead the Supplier Diversity Program at Avangrid.
Retrieved on:
Wednesday, October 4, 2023
Environment,
Environmental Policy,
Environmental Issues,
Other Energy,
Environmental Health,
Utilities,
Oil,
Gas,
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Alternative Energy,
Energy,
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Joe Biden,
Investment,
NYSE,
Azagra,
Renewable energy Pedro Azagra, CEO of Avangrid, Inc (NYSE: AGR), today issued the following statement on announcement of northeast states regional procurement for offshore wind power:
Key Points:
- Pedro Azagra, CEO of Avangrid, Inc (NYSE: AGR), today issued the following statement on announcement of northeast states regional procurement for offshore wind power:
“Avangrid commends Governor Maura Healey, Governor Ned Lamont, and Governor Daniel McKee for their forward-thinking and collaborative approach in announcing that Massachusetts, Connecticut, and Rhode Island will move forward with joint regional procurement for 6,000 megawatts of offshore wind power.
- At this critical time for the industry in the United States, as well as the rapid acceleration of the climate crisis, this bold procurement strategy rises to the level of urgency the moment demands while providing offshore wind developers an opportunity to leverage economies of scale that will unlock more competitive bids and the potential for greater investments in local development and job creation.
- “We look forward to reviewing the final details of the procurement structure and to building on our success leading the development of the nation’s first utility scale offshore wind project, Vineyard Wind 1, which is currently moving forward with turbine installation campaign with the goal of delivering first power this year.
- “We are grateful to the northeast states for their commitment to advancing the President’s ambitious 30 Gigawatt by 2030 goal, and for the support of our federal partners and the Biden Administration.”
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today issued the following statement regarding the filing of agreements with the Connecticut Electric Distribution Companies to terminate power purchase agreements for the Park City Wind offshore project.
Key Points:
- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today issued the following statement regarding the filing of agreements with the Connecticut Electric Distribution Companies to terminate power purchase agreements for the Park City Wind offshore project.
- “One year ago, Avangrid was the first offshore wind developer in the United States to make public the unprecedented economic headwinds facing the industry including record inflation, supply chain disruptions, and sharp interest rate hikes, the aggregate impact of which rendered the Park City Wind project unfinanceable under its existing contracts.
- “Since that time, Avangrid has been transparent and collaborative, working diligently with state and federal officials and stakeholders to find solutions to the economic challenges facing Park City Wind as we continued to advance the permitting and development of the project.
- After exploring all potential solutions to the financial challenges facing the project, and engaging in good-faith and productive discussions with Connecticut state officials regarding these challenges, it is clear the best path forward for Park City Wind is in the termination of the Power Purchase Agreements and a rebid of the project.
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Avangrid This year’s event took place last week and featured disruptive technologies that will advance smart grids, improve operations efficiency and enhance the customer experience.
Key Points:
- This year’s event took place last week and featured disruptive technologies that will advance smart grids, improve operations efficiency and enhance the customer experience.
- Our annual Digital Summit creates a powerful learning environment and is part of Iberdrola’s global event series to analyze the latest trends in digitalization and innovation.
- “Seeing use cases demonstrating real life application of these technologies, solving business problems and driving business value really helps bring these technologies to life.
- These investments drove reliability improvements across operations and the exploration of the development of new renewable energy sources, like green hydrogen.
Retrieved on:
Wednesday, September 27, 2023
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Inflation Reduction Act of 2022,
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IRA,
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Renewable energy,
Commercial property,
Avangrid Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Vitol Inc. today announced that they have reached a landmark transfer agreement for an estimated $100 million of 2023 production tax credits (PTCs) from eight operating wind farms, totaling 1,134 megawatts of generating capacity.
Key Points:
- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Vitol Inc. today announced that they have reached a landmark transfer agreement for an estimated $100 million of 2023 production tax credits (PTCs) from eight operating wind farms, totaling 1,134 megawatts of generating capacity.
- “It has created a tax credit transfer process that is streamlined and removes the bottleneck that existed with the tax equity investment structure.
- Under the IRA, renewable energy owners like Avangrid who qualify for tax credits but are not able to use them immediately can transfer credits to a third-party investor, such as Vitol.
- The 2023 PTCs included in the transfer agreement with Vitol are from eight of Avangrid’s wind farms:
Retrieved on:
Friday, September 22, 2023
Environment,
Environmental Policy,
Environmental Issues,
Environmental Health,
Utilities,
Alternative Energy,
Sustainability,
Green Technology,
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Organic,
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The Leadership Council,
UN General Assembly Resolution 60/147,
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Avangrid Iberdrola’s comprehensive and actionable plan delivers on the rigorous criteria stipulated by the UN’s High-Level Expert Group on net zero pledges.
Key Points:
- Iberdrola’s comprehensive and actionable plan delivers on the rigorous criteria stipulated by the UN’s High-Level Expert Group on net zero pledges.
- “Delivering on the successful transition to a cleaner energy model requires the ambition and commitment of global business,” said Avangrid Chairman Ignacio Galán.
- Building on the momentum of the week’s activity, on Thursday September 21, 2023 Chairman Galán joined UNICEF’s Generation Unlimited Global Leadership Council.
- The Leadership Council is co-chaired by Catherine M. Russell, Executive Director, United Nations Children's Fund (UNICEF) and Bob Moritz, Chairman, PwC.
Retrieved on:
Wednesday, September 20, 2023
Environmental, Social and Governance (ESG),
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Energy,
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December 2022 North American winter storm,
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Avangrid,
Social In addition, Avangrid Chairman Ignacio Galán has been awarded two prestigious honors this year from the Foreign Policy Association and the World Jurist Association.
Key Points:
- In addition, Avangrid Chairman Ignacio Galán has been awarded two prestigious honors this year from the Foreign Policy Association and the World Jurist Association.
- “Each and every one of these awards is a reflection of our commitment to upholding ESG+F principles in everything that we do,” said Pedro Azagra, Avangrid CEO.
- Avangrid’s 2023 awards and recognitions include:
FTSE4Good Index Series , by FTSE Russell: Measures the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.
- Avangrid ranked second overall within the utility industry and first among utilities for its commitment to the environment.
Retrieved on:
Monday, September 18, 2023
Environment,
Climate Change,
Environmental Issues,
Environmental Health,
Utilities,
Oil,
Gas,
Alternative Energy,
Sustainability,
Energy,
UN,
Climate Week NYC,
AGR,
Iberdrola,
Climate change,
NYSE,
Azagra,
Carbon,
Renewable energy,
Avangrid Pedro Azagra, CEO of Avangrid, Inc (NYSE: AGR), today issued the following statement to kick-off Climate Week NYC:
Key Points:
- Pedro Azagra, CEO of Avangrid, Inc (NYSE: AGR), today issued the following statement to kick-off Climate Week NYC:
“Climate change is an unprecedented global challenge that is creating an increased importance on providing clean energy solutions around the globe.
- Events like Climate Week NYC are critical because they raise the conversation around climate action and encourage people from all backgrounds to get engaged and discuss innovative solutions to combat the climate crisis.
- “I’m proud that Avangrid is leading the way in the transformation to a clean, renewable and sustainable energy future while building on our commitments to people and our planet.
- “As a member of the Iberdrola Group, a global clean energy leader, we share the same values when it comes to the fight against climate change.
Retrieved on:
Thursday, September 14, 2023
Alternative Energy,
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Brewster,
Tropical Storm Lee,
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UI,
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Weather,
NYSE,
New York State Electric & Gas,
Rain,
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Silviculture,
Avangrid Avangrid, Inc. (NYSE: AGR) and its subsidiaries Central Maine Power (CMP), United Illuminating (UI) and New York State Electric & Gas (NYSEG) are preparing for impacts from Hurricane Lee which is expected to impact portions of the northeast Friday and into the weekend.
Key Points:
- Avangrid, Inc. (NYSE: AGR) and its subsidiaries Central Maine Power (CMP), United Illuminating (UI) and New York State Electric & Gas (NYSEG) are preparing for impacts from Hurricane Lee which is expected to impact portions of the northeast Friday and into the weekend.
- As storm impacts develop, Avangrid is preparing to activate its multi-state network of resources to its hardest hit service areas to bolster response efforts.
- “Emergency response is one of the most important ways we support our customers and communities,” said Pedro Azagra, Avangrid CEO.
- If minimal impacts occur, UI will direct crews to support its sister companies’ restoration efforts.
