Statement From AVANGRID COO Sy Oytan on U.S. District Court Ruling Related to Vineyard Wind 1 Project

ORANGE, Conn.--(BUSINESS WIRE)--May 18, 2023--

AVANGRID (NYSE: AGR), a leading sustainable energy company, and a member of the group of companies controlled by IBERDROLA, S.A., today released the following statement from Sy Oytan, Chief Operating Officer – Offshore Wind, regarding the U.S. District Court Ruling on Nantucket Residents Against Turbines et al, v. US Bureau of Ocean Energy Management, et. al.

“AVANGRID commends the efforts of the U.S. Department of Justice, the federal government, and the Vineyard Wind 1 project team to defend the nation’s first commercial-scale offshore wind project, and is pleased that the ruling issued by the U.S. District Court acknowledges the rigorous and thorough administrative review that the project underwent over the last many years. AVANGRID is proud of its role in launching the offshore wind industry in the United States, and bringing enough clean energy to power 400,000 homes and businesses in Massachusetts.”

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: networks and renewables. Through its networks business, AVANGRID owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, AVANGRID owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, AVANGRID ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230518005781/en/

CONTACT: Craig Gilvarg

craig.gilvarg@avangrid.com

(857) 998-1130

KEYWORD: NEW YORK CONNECTICUT UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY

SOURCE: AVANGRID, Inc.

Copyright Business Wire 2023.

PUB: 05/18/2023 05:12 PM/DISC: 05/18/2023 05:11 PM

http://www.businesswire.com/news/home/20230518005781/en