Press release
Avangrid Approaches Milestone of 10.5 GW Installed Energy Generating Capacity
With energy generation facilities spread across 24 states, Avangrid’s assets are capable of powering 3.1 million average U.S. homes
Picture: A map demonstrating states with Avangrid energy generation assets.
ORANGE, Conn. — February 19, 2025 — Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that it is approaching 10.5 Gigawatts (GW) in installed energy generating capacity spread across the Company’s portfolio. With assets in 24 states and growing, Avangrid’s generating capacity is capable of powering about 3.1 million average U.S. homes.
“With Americans across the country becoming more dependent on electricity, combined with the rapid growth of emerging industries like AI, the need for reliable energy has never been greater,” said Avangrid CEO Pedro Azagra. “Avangrid is working to meet the needs of families and businesses across the country with a portfolio of energy generation projects providing more than 10 Gigawatts of power, delivering reliable, domestically produced energy to homes, schools, and industry. With a pipeline of new projects in construction and development, we are focused every day on meeting the country’s demand for energy today and in the future.”
Avangrid owns and operates a mix of generation resources that contribute to its 10.5 GW of installed capacity, including onshore wind, solar, hydropower, natural gas, and fuel cells.
This includes approximately 3.8 GW in the West, 2.2 GW in Texas and New Mexico, 2.7 GW in the Midwest, and 1.7 GW in the East.
Avangrid’s assets are fixture within communities and deliver key economic benefits, supporting over 500 permanent jobs for operations and maintenance and paying over $50 million in property taxes last year.
Avangrid’s fleet is supporting a surge in energy demand from electrification, new manufacturing, and the proliferation of data centers. In February 2025, Avangrid announced that it is partnering with several major technology companies on eight current projects that are helping power data centers, with more projects to be constructed to meet surging energy demand. The Company’s overall installed capacity will continue to grow with approximately 27 GW of new generation in its pipeline.
Media Contact
For media inquiries, email: corporatecommunications@avangrid.com
About Avangrid: Avangrid, Inc. is a leading U.S. energy company investing in grid infrastructure and power generation projects to deliver reliable energy and meet growing electricity demand. With approximately $50 billion in assets and operations across 25 states, Avangrid is helping modernize the U.S. electric grid, improve system resiliency, and support economic growth for the customers and communities it serves.
Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Avangrid also has nearly 100 energy generation facilities across the United States and more than 11 gigawatts of installed capacity. Avangrid has more than 8,300 employees and was named among the World's Most Ethical Companies in 2026 for the eighth consecutive year by the Ethisphere Institute. Avangrid is a member of the Iberdrola Group.
About Iberdrola: With a market capitalization of more than €140 billion, Iberdrola is the largest electricity company in Europe and one of the two largest in the world. The Group serves more than 100 million people around the world and has a workforce of 45,400 employees and assets of €165 billion. In 2025, Iberdrola posted a record net profit of €6.3 billion. The company contributes close to €10.4 billion in taxes in the countries where it operates and supports more than 500,000 jobs throughout its supply chain, thanks to €13.2 billion in purchases from tens of thousands of suppliers.
Since 2001, Iberdrola has invested more than €175 billion in electricity networks, renewable energy and energy storage to help create an energy model based on electrification. The company has close to 1.4 million km of electricity networks in the United States (the states of New York, Connecticut, Maine and Massachusetts), the United Kingdom (Scotland, England and Wales), Brazil (the states of Bahia, Rio Grande do Norte, Pernambuco, São Paulo and Mato Grosso do Sul, as well as Brasilia) and Spain, as well as 57,000 MW of capacity worldwide, of which more than 46,000 MW is renewable.
