BOSTON, May 22, 2024--Avangrid Celebrates Cape Cod Grid Upgrades Supported by New England Wind 1 Project
PORTLAND, Ore., May 21, 2024--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced it acquired a state-of-the-art mobile transformer that can be quickly deployed and enables the company to resolve outages in the event of a damaged transformer in a couple months compared to the two-year lead time for a replacement transformer.
Avangrid (AGR) to be acquired by Iberdrola in an all-cash transaction, expected to close in fourth-quarter 2024. AGR expects to produce clean energy post-acquisition.