Hunton Represents Underwriters in Connection with Avangrid, Inc.’s Green Bonds Offering

Hunton Andrews Kurth LLP represented the underwriters in connection with $750,000,000 aggregate principal amount of 3.80% Notes, due June 1, 2029 of Avangrid, Inc. (Avangrid). The notes issued were green bonds. An amount equal to such net proceeds of the offering will be used by Avangrid to finance and/or refinance, in whole or in part, one or more projects meeting certain eligibility criteria in the United States, including (i) investment in the construction and development of onshore and offshore wind and photovoltaic and concentrated solar power solar renewable electricity production units and (ii) investment in transmission and distribution networks projects having the purpose of connecting renewable energy sources or reducing greenhouse gas emissions through installation of equipment that will improve system efficiency or energy use management.

Avangrid is an energy company with approximately $32 billion in assets and operations in 24 states. Avangrid has two primary lines of business - Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving approximately 3.2 million customers in New York and New England. Avangrid Renewables owns and operates 7.2 gigawatts of electricity capacity, primarily through wind power, with a presence in 22 states across the United States. Avangrid employs approximately 6,500 people. Iberdrola S.A., a corporation organized under the laws of the Kingdom of Spain, directly owns 81.5% of outstanding shares of Avangrid common stock.

The Hunton Andrews Kurth team included Peter K. O’Brien, S. Christina Kwon, Brendan Harney and Michelle Chan. Robert McNamara provided tax advice.