Avangrid’s Strategic Surge: A Dual-Pronged Investment Drive Takes Shape

Avangrid US05351W1036

Avangrid, the U.S. energy subsidiary of Spanish utility giant Iberdrola, is charting a decisive course forward, propelled by two powerful catalysts. The company has secured a pivotal regulatory victory for a long-contested transmission project while simultaneously benefiting from its parent company’s massive, multi-year capital commitment to modernize American energy infrastructure.

The strategic foundation for Avangrid’s growth is being solidified by an unprecedented investment program from its corporate parent. Iberdrola has unveiled a comprehensive $18.5 billion spending plan for the U.S. market, to be deployed through 2028. A significant majority of this capital is earmarked for the expansion, reinforcement, and modernization of electricity and gas networks.