Avangrid Begins Construction of 240 MW True North Solar Farm in Texas

Rhea-AI Summary

Avangrid, a leading sustainable energy company, has announced the start of construction of True North, a 240 MWac (321 MWdc) solar farm in Texas. The solar farm will supply clean, renewable energy to power Meta's operations in the region. True North is expected to reach commercial operations by early 2025 and will create over 200 local jobs.

Positive

• Avangrid's True North solar farm will supply clean, renewable energy to power Meta's operations in Texas.
• True North is Avangrid's first solar farm in Texas and is expected to reach commercial operations by early 2025.
• During its construction and operation, True North will create over 200 local jobs.
• Avangrid already operates more than 1,250 MW of onshore wind facilities in Texas.
• The True North project is a significant milestone in Avangrid's commitment to advancing the clean energy transition.

Negative

• None.

True North will supply clean, renewable energy to power Meta’s operations in the region

This project is Avangrid’s first solar farm in the state

ORANGE, Conn.--(BUSINESS WIRE)-- Avangrid (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has announced the start of construction of True North, a 240 MWac (321 MWdc) solar farm in Falls County, Texas, that will supply clean, renewable energy to power Meta’s operations in the region.

“We are very excited to announce this milestone, which reflects our unwavering commitment to advancing the clean energy transition and building a more sustainable future for all”, said Pedro Azagra, Avangrid CEO. “With projects like True North, we continue our mission of helping the country meet its ambitious energy goals, while also creating quality jobs and strengthening our local economies”.

Since 2020, Meta’s global operations have been supported by 100% renewable energy. The True North project will support Meta’s upcoming data center in neighboring Temple, their second data center facility in Texas.

True North, Avangrid’s first solar farm in Texas, is expected to reach commercial operations by early 2025. During its construction and operation, True North will create over 200 local jobs and is expected to pay over $40 million in property taxes over 25 years in this state, in which the company already operates more than 1,250 MW of onshore wind facilities.

With more than 8.6 GW of installed renewable capacity, Avangrid is the third largest renewable energy operator in the U.S. and one of the country’s top renewable energy developers.

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 www.avangrid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230726399950/en/

Media Contact:

Mariel Huerta

mariel.huerta@avangrid.com

Source: AVANGRID, Inc.

FAQ

What is the name of the solar farm being constructed by Avangrid?

The solar farm being constructed by Avangrid is called True North.

What is the expected capacity of True North solar farm?

True North will have a capacity of 240 MWac (321 MWdc).

Who will the True North solar farm supply energy to?

The True North solar farm will supply clean, renewable energy to power Meta's operations in the region.

When is True North expected to reach commercial operations?

True North is expected to reach commercial operations by early 2025.

How many local jobs will True North create?

True North will create over 200 local jobs during its construction and operation.