Avangrid
About
The US business of Iberdrola, wholly owned since a buyout of its minority shareholders in December 2024, combining seven regulated utilities in New York, Connecticut, Maine and Massachusetts with onshore wind and solar farms. Its offshore wind includes Vineyard Wind 1 off Massachusetts, a 50/50 joint venture with Copenhagen Infrastructure Partners finished in 2026, and the permitted New England Wind 1 and 2. It cancelled the power contracts for Park City Wind and Commonwealth Wind in 2023, a federal stop-work order halted construction on Vineyard Wind 1 in December 2025 until a court lifted it in January 2026, and the government has asked a court to send New England Wind's permits back for review. Its parent names networks its key investment destination. So offshore wind competes for capital with the grid, Avangrid's own utilities included.
Outlook
as of 2026-09Portfolio
3 held + 1 exited · live stages first, exits lastCapacity is net of ownership stake: a 50% JV counts half. Gross exposure (full nameplate of every project held): 4.46 GW.
| Project | Country | Stage | MW | Stake | Net MW |
|---|---|---|---|---|---|
| Vineyard Wind 1↓ farmed down | United States | Operational | 806 | 50% | 403 |
| Kitty Hawk South | United States | On Hold | 2400 | 100% | 2400 |
| New England Wind 2 | United States | On Hold | 1259 | 100% | 1259 |
| Kitty Hawk North | United States | Divested 2024-07 | 800 | 100% sold | — |
Divested & farmed down
every recorded sale by this developer · newest first| Announced | Project / portfolio | Type | Stake sold | €m | Buyer |
|---|---|---|---|---|---|
| 2024-07-09 | Kitty Hawk North | acquisition | 100% | 148 | Dominion Energy |
| 2021-09 | Vineyard Wind 1 | secondary trade | — | 142 | Avangrid / CIP |
Ownership history comes from the transaction database; the portfolio above is the current snapshot only. "Joint" stakes are the consortium total (per-seller split not disclosed) and are excluded from the stake-weighted GW figure.
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