Press release
Avangrid Begins Installing Modules at Camino Solar
With a capacity of 44 MWac (57 MWdc), Camino will generate the same amount of energy used by about 14,000 homes
KERN COUNTY, Calif. — Sept. 9, 2024 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has begun installing the first of about 105,000 solar modules at its Camino Solar project in California. With a capacity of 44 MWac (57 MWdc), Camino Solar is expected to generate the same amount of energy consumed by about 14,000 U.S. homes annually.
“We are excited to add this clean, renewable energy project to California’s grid. Camino solar, like all of our projects, is creating jobs and boosting the local economy,” said Pedro Azagra, Avangrid CEO. “This is an example of Avangrid continuing to grow its solar capacity across the country, supplementing our large wind fleet, and accelerating the clean energy transition.”
Camino is expected to create about 100 jobs during construction, nearly all of them filled locally, and will generate about $15 million in state and local taxes during its lifetime.
Camino is being built next to Avangrid’s 189 MW Manzana wind farm, which was built in 2012. The project is located on a combination of private land and more than 200 acres of public lands managed by the U.S. Bureau of Land Management.
When construction is completed, Camino will become the tenth solar project in Avangrid’s portfolio of projects and its first in California.
Avangrid has six other wind energy projects in California, ranging from San Diego County to the Bay Area, with a combined operating capacity of over 500 MW. These wind farms have generated a combined $88 million in property taxes as of the end of last year, supporting a variety of local public services. The Company recently eclipsed 9 GW of installed capacity across its fleet of projects spread across nearly half the country.
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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.
