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Stock impact report

U.S. identifies Gulf of Maine area for offshore wind development [Reuters]

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Reuters
The announcement was the latest milestone in the government's plan to put wind turbines along every U.S. coastline to help displace fossil fuel for power generation and fight climate change. In a statement, the U.S. Bureau of Ocean Energy Management said it would kick off a 45-day period for public comment on the area, which sits off the coasts of Massachusetts, New Hampshire and Maine. The final “call area” was identified after soliciting feedback from tribes, states, the Department of Defense, fishing and shipping industries and the public. It is nearly 30% smaller than the area BOEM identified in an initial “Request for Interest” last year. A maritime area claimed by both Canada and the United States and acreage inside Georges Bank, a fishing bank that separates the Gulf of Maine from the Atlantic Ocean, were both removed from consideration. Based on information it receives, BOEM will likely whittle the area down again into “wind energy areas” to be identified later this y Show less Read more
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