Avangrid Announces Camino Solar, Its First Photovoltaic Project in California

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Avangrid announces construction of Camino Solar project in California, generating $15.5M in local taxes. Expected to be operational in 2025, employing over 100 people. Avangrid strengthens commitment to renewable projects and local economies.

Positive

• Construction of Camino Solar project in California
• Generating $15.5M in local taxes
• Employing over 100 people

Negative

• None.

The 57 MWdc project will generate enough electricity to equal taking more than 20,000 cars off the road and will create 100 jobs

PORTLAND, Ore.--(BUSINESS WIRE)-- Avangrid (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, announced today that it will build the Camino Solar project (57 MWdc, 44MWac), its first solar project in California, a state in which the company currently operates more than 500 MW through six wind energy facilities.

To be constructed by Cupertino Electric, Inc. in Kern County, the project is adjacent to Avangrid’s 189 MW Manzana Wind farm and will employ more than 100 people during construction. The project is expected to be commercially operational in 2025 and will generate roughly $15.5 M in local taxes during its lifetime. With more than 105,000 panels, the construction will be completed approximately one year after the start of mobilization.

“We are thrilled to announce Camino Solar, a significant milestone for our company in California,” said Pedro Azagra, Avangrid CEO, “This project further strengthens Avangrid’s commitment to developing the renewable projects needed to address climate change, while also contributing to the local economies in the communities in which we are present.”

“Cupertino Electric has built more than 40 renewable energy projects in Kern County, California, and we’re honored to be involved with Avangrid’s inaugural project in the area,” said Chris Martin, vice president of operations, energy for Cupertino Electric, Inc. “Bringing clean energy to communities big and small is our specialty and why we’re ranked the largest solar and storage contractor in the U.S.”

Avangrid is the third largest renewable energy operator in the U.S. with 8.7 GW of installed and operated capacity, and one of the top renewable energy developers in the country.

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit http://www.avangrid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230823574262/en/

Sarah Warren

sarah.warren@avangrid.com

585-794-9253

Source: AVANGRID, Inc.