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AVANGRID Continues Expansion of Solar Farms With New Projects in Texas and Ohio
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AVANGRID (NYSE: AGR) is developing two new solar farms, Texas True North and Ohio Powell Creek, expected to generate a total of 523.5 MW of clean power. True North will produce 321 MW and create over 200 jobs in Texas while paying over $40 million in property taxes over 25 years. Powell Creek will generate 202.5 MW, powering more than 30,000 homes and creating up to 400 jobs in Ohio with an estimated revenue impact of over $38 million for local communities. With an overall portfolio of 8.6 GW in renewable energy capacity, AVANGRID continues to be a significant player in the U.S. renewable energy sector.
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Developing two solar farms to generate 523.5 MW of clean power.
True North solar farm in Texas expected to create over 200 jobs and pay $40 million in property taxes over 25 years.
Powell Creek solar farm in Ohio estimated to generate revenue exceeding $38 million for local communities and create up to 400 jobs.
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Texas True North and Ohio Powell Creek Solar Farms Will Generate 523.5 MW of Clean Power to These States
The Projects Will Add to the Company’s 8.6 GW Portfolio of Renewable Energy
ORANGE, Conn.--(BUSINESS WIRE)--
AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, continues to strengthen its presence in the country’s renewable energy industry with two new solar farms under construction in Texas and Ohio, which will generate 523.5 MW of clean and affordable power to these states.
“With solar projects like True North and Powell Creek, we are strengthening our mission of helping the U.S. meet its ambitious clean energy goals,” said Pedro Azagra, CEO of AVANGRID. “These solar farms, and many more throughout the U.S., will also boost local economies by creating quality jobs while providing clean, affordable and renewable energy for business and communities.”
True North, under development in Falls County, Texas, and AVANGRID’s first solar project in this state, will generate 321 MW of renewable energy once it reaches 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.
Powell Creek, a 202.5 MW solar farm under construction in Putnam County, Ohio, is expected to generate clean energy equivalent to power more than 30,000 homes per year and will create up to 400 jobs during its construction process. Additional local revenue to communities resulting from this project exceeds $38 million over the life of the facility.
With more than 8.6 GW of installed renewable capacity, AVANGRID is the third largest renewable energy operator in the U.S. In total, the company has a strong pipeline of more than 25 GW under development, encompassing solar, onshore wind, offshore wind, and battery energy storage.
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 2022 for the fourth 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.
