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07/10/2023

Avangrid reaches milestone of 8.6 GW wind and solar capacity, enough to power over 2.8 million homes

Avangrid reaches milestone of 8.6 GW wind and solar capacity, enough to power over 2.8 million homes

With over 70 wind and solar renewable energy projects owned and operated across the U.S., the company is helping states and the nation meet its clean energy goals  

Company to launch social media campaign highlighting key successes and investments in each state  

PORTLAND, Oregon July 10, 2023 Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, proudly announces it has successfully reached a capacity of 8.6 GW through its more than 70 wind and solar facilities in operation across the country, which generate the electricity equivalent to powering over 2.8 million homes with clean and renewable energy.  

"Our capacity milestone is a significant achievement for Avangrid, as it demonstrates our unwavering dedication to accelerating the energy transition in the U.S.” said Pedro Azagra, Avangrid CEO. "As the third largest renewable energy operator in the country, we are proud to play an important role in delivering clean, renewable power to our clients, while also fostering economic development and bringing important benefits to the communities in which we are present”.  

Avangrid operates a robust portfolio of 75 wind and solar facilities in the country and has a presence in 24 states. These facilities are not only helping each state reach its environmental goals by generating clean electricity and reducing carbon emissions, but are also constantly bringing important benefits to the communities by creating local jobs and boosting economic growth.  

To celebrate the achievement of this capacity milestone, Avangrid will launch a social media campaign to highlight its investments and presence in each of the states in which the company is present. The campaign will focus on the number of solar and wind projects, total operating capacity, and economic benefits in each state. The state’s energy goals and unique facts about certain projects will also be highlighted.  

With a focus on operational excellence and environmental responsibility, Avangrid continues to deliver reliable and sustainable power to its customers, accelerating the energy transition in the U.S. and contributing to building a cleaner, greener energy future for generations to come.  

 

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About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 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 approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth 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.

 

About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

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