Financial GrowthMr. Azagra highlighted the company's achievements, including 18% Y-o-Y adjusted earnings growth and the avoidance of offshore wind impairments.
Legislative BenefitsAvangrid could benefit from the Inflation Reduction Act, which includes investments in decarbonisation and offers subsidies, loans, and tax credits for clean energy projects.
Renewable Energy FocusAvangrid operates in approximately 24 states with a strong focus on renewables, boasting 91% of its 9.4 GW electricity capacity from predominantly onshore wind.