Avangrid Eclipses 9GW of Installed Capacity at Wind and Solar Sites Powering Over 2 Million Homes
Avangrid (NYSE: AGR) has surpassed 9 Gigawatts (GW) of installed capacity at its onshore wind and solar sites, marking a significant milestone in its renewable energy portfolio. The company's more than 75 projects across 22 states can now produce enough energy to power over 2.3 million U.S. homes. Avangrid's portfolio includes over 8 GW of installed wind capacity and about 1 GW of solar capacity, including projects under construction.
CEO Pedro Azagra emphasized the company's commitment to accelerating the clean energy transition, highlighting a substantial pipeline of future renewable projects and potential for repowering existing wind farms. These initiatives not only contribute to state and national climate goals but also provide community benefits through job creation, economic growth, and tax contributions.
Avangrid (NYSE: AGR) ha superato i 9 Gigawatt (GW) di capacità installata nei suoi impianti eolici e solari onshore, rappresentando un traguardo significativo nel suo portafoglio di energie rinnovabili. Con oltre 75 progetti distribuiti in 22 stati, l'azienda è in grado di generare energia sufficiente per alimentare più di 2,3 milioni di abitazioni negli Stati Uniti. Il portafoglio di Avangrid comprende oltre 8 GW di capacità eolica installata e circa 1 GW di capacità solare, inclusi progetti in fase di costruzione.
Il CEO Pedro Azagra ha sottolineato l'impegno dell'azienda nell'accelerare la transizione verso l'energia pulita, mettendo in evidenza un sostanziale pipeline di futuri progetti rinnovabili e il potenziale per rinnovare i parchi eolici esistenti. Queste iniziative non solo contribuiscono agli obiettivi climatici statali e nazionali, ma offrono anche benefici per le comunità attraverso la creazione di posti di lavoro, la crescita economica e i contributi fiscali.
Avangrid (NYSE: AGR) ha superado los 9 Gigavatios (GW) de capacidad instalada en sus sitios eólicos y solares en tierra, marcando un hito significativo en su cartera de energía renovable. Con más de 75 proyectos distribuidos en 22 estados, la empresa ahora puede producir suficiente energía para abastecer a más de 2,3 millones de hogares en EE. UU. El portafolio de Avangrid incluye más de 8 GW de capacidad eólica instalada y aproximadamente 1 GW de capacidad solar, incluyendo proyectos en construcción.
El CEO Pedro Azagra enfatizó el compromiso de la empresa para acelerar la transición hacia la energía limpia, destacando una sustancial cartera de futuros proyectos renovables y el potencial de repotenciar los parques eólicos existentes. Estas iniciativas no solo contribuyen a los objetivos climáticos estatales y nacionales, sino que también ofrecen beneficios a las comunidades a través de la creación de empleo, el crecimiento económico y las contribuciones fiscales.
아방그리드(Avangrid)(NYSE: AGR)는 육상 풍력 및 태양광 사이트에서 9GW(기가와트)의 설치 용량을 초과하여 재생 가능 에너지 포트폴리오에서 중요한 이정표를 세웠습니다. 기업의 22개 주에 걸친 75개 이상의 프로젝트는 이제 미국의 230만 가구에 전력을 공급할 수 있는 충분한 에너지를 생산할 수 있습니다. 아방그리드의 포트폴리오는 8GW 이상의 설치된 풍력 용량과 약 1GW의 태양광 용량을 포함하며, 건설 중인 프로젝트도 포함됩니다.
CEO 페드로 아자그라(Pedro Azagra)는 청정 에너지 전환 가속화에 대한 기업의 의지를 강조하며, 향후 재생 에너지 프로젝트를 위한 주요 파이프라인과 기존 풍력 발전소의 재전력을 위한 잠재력을 강조했습니다. 이러한 이니셔티브는 주 및 국가의 기후 목표에 기여할 뿐만 아니라 일자리 창출, 경제 성장 및 세금 기여를 통해 지역 사회의 혜택을 제공합니다.
Avangrid (NYSE: AGR) a dépassé les 9 Gigawatts (GW) de capacité installée sur ses sites éoliens et solaires terrestres, marquant une étape importante dans son portefeuille d'énergies renouvelables. Les plus de 75 projets de la société répartis dans 22 États peuvent désormais produire suffisamment d'énergie pour alimenter plus de 2,3 millions de foyers américains. Le portefeuille d'Avangrid comprend plus de 8 GW de capacité éolienne installée et environ 1 GW de capacité solaire, y compris des projets en cours de construction.
Le PDG Pedro Azagra a souligné l'engagement de l'entreprise à accélérer la transition vers une énergie propre, en mettant en avant un pipeline substantiel de futurs projets renouvelables et le potentiel de renouvellement des parcs éoliens existants. Ces initiatives contribuent non seulement aux objectifs climatiques des États et de la nation, mais offrent également des avantages communautaires grâce à la création d'emplois, à la croissance économique et aux contributions fiscales.
Avangrid (NYSE: AGR) hat die Marke von 9 Gigawatt (GW) an installierter Kapazität an seinen Onshore-Wind- und Solarstandorten überschritten, was einen bedeutenden Meilenstein in seinem Portfolio erneuerbarer Energien darstellt. Die über 75 Projekte des Unternehmens in 22 Bundesstaaten können nun genügend Energie erzeugen, um mehr als 2,3 Millionen US-Haushalte mit Strom zu versorgen. Das Portfolio von Avangrid umfasst über 8 GW installierte Windkapazität und etwa 1 GW Solarenergie, einschließlich Projekte, die sich im Bau befinden.
CEO Pedro Azagra betonte das Engagement des Unternehmens, den Übergang zu sauberer Energie zu beschleunigen, und hob eine beträchtliche Pipeline zukünftiger erneuerbarer Projekte sowie das Potenzial zur Nachrüstung bestehender Windparks hervor. Diese Initiativen tragen nicht nur zu den Klimazielen auf staatlicher und nationaler Ebene bei, sondern bieten auch Vorteile für die Gemeinschaft durch die Schaffung von Arbeitsplätzen, wirtschaftliches Wachstum und Steuerbeiträge.
- Achieved 9 GW of installed capacity in onshore wind and solar
- Portfolio can power over 2.3 million U.S. homes
- Presence in 22 states with more than 75 projects
- Strong pipeline of future renewable energy projects
- Potential for repowering existing wind farms
- None.
Insights
Avangrid's achievement of 9GW installed capacity in renewable energy is a significant milestone in the clean energy transition. This capacity can power over 2.3 million U.S. homes, showcasing the company's substantial contribution to sustainable power generation. The diverse portfolio across 22 states demonstrates Avangrid's strategic geographical expansion and risk diversification.
However, investors should note that while this milestone is impressive, the renewable energy sector is highly competitive. Avangrid's future growth will depend on its ability to execute its project pipeline efficiently and capitalize on repowering opportunities. The company's focus on operational excellence and environmental responsibility aligns with increasing ESG demands from investors, potentially enhancing its attractiveness in the market.
From a financial perspective, Avangrid's expanded renewable capacity represents a significant asset base that could drive long-term revenue growth. The company's 75+ projects across multiple states provide a diversified income stream, potentially reducing risk. However, investors should consider the capital-intensive nature of renewable energy projects and their impact on the company's balance sheet.
The mention of a "big pipeline of future renewable energy projects" and repowering opportunities suggests potential for continued growth, but also implies ongoing capital expenditure requirements. Investors should closely monitor Avangrid's ability to finance these projects efficiently and generate returns that exceed the cost of capital. The community benefits mentioned, such as job creation and tax contributions, may also translate to favorable regulatory environments and potential tax incentives.
Avangrid's achievement aligns well with the broader push for decarbonization in the U.S. energy sector. The 9GW milestone represents a substantial contribution to state and national climate goals. This positions Avangrid favorably in a regulatory environment that is increasingly supportive of renewable energy initiatives.
However, the renewable energy landscape is evolving rapidly, with emerging technologies and changing policies. Avangrid's future success will depend on its ability to adapt to these changes, particularly in areas like energy storage and grid integration. The company's commitment to "accelerating the clean energy transition" suggests a proactive approach, but investors should monitor how this translates into concrete actions and investments in emerging technologies. The focus on repowering existing wind projects is a smart strategy to increase efficiency and extend asset life, potentially improving returns on existing investments.
Ongoing construction this summer at multiple Avangrid renewable energy facilities helped the Company eclipse 9GW of installed capacity
9 GW of onshore wind and solar capacity at more than 75 sites can produce enough energy to power more than 2.3 million
“I am proud of the continued progress Avangrid is making to grow our renewable energy footprint nationwide, but we are not complacent,” said Pedro Azagra, Avangrid CEO. “With a big pipeline of future renewable energy projects across the country, and a large fleet of onshore wind projects that is ripe for repowering, we remain steadfast in our commitment to accelerating the clean energy transition. In reaching this milestone, we are setting our sites on the next.”
Avangrid’s onshore wind and solar portfolio includes more than 75 projects spread across 22 states. It has over 8 GW of installed wind capacity and about 1 GW of installed solar capacity, including projects that are currently under construction. Construction progress at multiple Avangrid projects this summer helped the Company reach this 9 GW milestone. These renewable energy projects not only help each state, and the country, reach their climate goals, but deliver important community benefits by creating jobs, boosting economic growth, and contributing to the tax base.
With a focus on operational excellence and environmental responsibility, Avangrid continues to bring reliable and sustainable power to its customers to build a cleaner, greener energy future.
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240813658917/en/
Keaton Thomas
Keaton.thomas@avangrid.com
503-956-9621
Source: AVANGRID, Inc.
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