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UPDATE 1-Massachusetts, Rhode Island award major offshore wind contracts [Reuters]

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Reuters
Massachusetts, Rhode Island award major offshore wind contracts | Reuters 3 Min Read (Reuters) - Massachusetts on Wednesday selected a partnership between Avangrid Inc and Copenhagen Infrastructure Partners to develop what will be the largest U.S. offshore wind farm off the coast of Martha’s Vineyard. Vineyard Wind’s 800 megawatt proposal was chosen by state utilities Unitil, National Grid and Eversource Energy. It is the largest ever procurement of offshore wind by a U.S. state, and represents up to 6 percent of the state’s total annual electricity load. The announcement came at the same time Massachusetts neighbor Rhode Island said it had awarded a 400 MW offshore wind procurement to Deepwater Wind, a project developer owned by D.E. Shaw Group. Massachusetts in 2016 passed a law requiring its utilities to procure 1,600 MW of offshore wind energy over the next decade as part of an effort to reduce the state’s greenhouse gas emissions. To move forward, the parties must negotiate a con Show less Read more
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