Avangrid Selected to Build Transmission Lines in $425M Deal With DOE

Avangrid (AGR) announced that it received $425 million contract from the U.S. Department of Energy (“DOE”) to construct high-voltage transmission lines for the Aroostook Renewable Project. This high-voltage transmission line will connect 1,200 megawatts (MWs) of renewable energy to the New England power grid in Maine.Construction of this high-voltage line by Avangrid is likely to relieve transmission constraints that have stalled the development of renewable resources in Northern Maine for years. This high- ...