INSIGHT-Headwinds: Offshore wind will take time to carry factory jobs to U.S. [Reuters]
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Reuters
move as the start of a new clean energy industry that by the end of the decade will create over 75,000 U.S. jobs. Industry executives and analysts do not contest that claim, but they make a clarification: For the first several years at least, most of the manufacturing jobs stemming from the U.S. offshore wind industry will be in Europe. Offshore wind project developers plan to ship massive blades, towers and other components for at least the initial wave of U.S. projects from factories in France, Spain and elsewhere before potentially opening up manufacturing plants on U.S. shores, according to Reuters interviews with executives from three of the world's leading wind turbine makers. That is because suppliers need to see a deep pipeline of approved U.S. projects, along with a clear set of regulatory incentives like federal and state tax breaks, before committing to siting and building new American factories, they say – a process that could take years. “For the first projects, i
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AGR
Earnings
- 4/23/24 - Beat
AGR
Sec Filings
- 5/2/24 - Form 4/A
- 5/1/24 - Form 4
- 4/26/24 - Form 10-K/A
- AGR's page on the SEC website