Avangrid Renewables Names Alejandro de Hoz President and CEO

Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. AGR, announced today that Alejandro de Hoz, currently the company's Vice President of Offshore Wind, is appointed to the role of President & CEO. He succeeds Laura Beane, who has decided to leave the company. With experience in both onshore and offshore renewables around the world, de Hoz will be responsible for driving continued growth in this important part of AVANGRID's business.

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Avangrid Renewables Names Alejandro de Hoz President and CEO (Photo: Business Wire)

"Avangrid Renewables plays a key role in achieving our ambition to be a top tier clean energy company and in fulfilling our corporate purpose to deliver a clean energy model that promotes healthier, more sustainable communities," said AVANGRID CEO James P. Torgerson. "We have a growing renewables business with strong expertise in core areas of onshore wind and solar, and we continue to develop our expertise and leadership in the nascent offshore business in the US. With his broad renewables experience in both onshore and offshore wind, Alejandro is a great fit to lead Avangrid Renewables into this next phase of growth."

"I would like to thank Laura for her dedication to the company for nearly 25 years, most recently leading the organization for the last three years," continued Torgerson. "Her leadership helped position our renewables business for continued growth and our entry into offshore wind."

Prior to Avangrid Renewables, de Hoz was Offshore Business Performance director for Iberdrola charged with preparing the company's offshore wind pipeline for competitive auction processes in the UK and Germany. Previously, he held positions within the Iberdrola group developing the onshore wind business internationally in France, Mexico and Brazil. De Hoz holds a degree in physics from the University Complutense of Madrid and an MBA from ICAI-ICADE University of Madrid.

About AVANGRID: AVANGRID, Inc. AGR is a leading, sustainable energy company with approximately $33 billion in assets and operations in 24 U.S. states. AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 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. AVANGRID supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2019 by the Ethisphere Institute. For more information, visit www.avangrid.com.

About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a capacity portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.com.

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