Press Releases
04/21/2020
Avangrid Renewables Announces Contract with T-Mobile
Avangrid Renewables Announces Contract with T-Mobile
Avangrid Renewables Announces Contract with T-Mobile
Otter Creek Wind Farm in Illinois has achieved commercial operation.
PORTLAND, Ore. — April 21, 2020 — Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and T-Mobile US, Inc. (NASDAQ: TMUS), announced a long-term contract for the Otter Creek Wind Farm in LaSalle County, Illinois and a purchase of national renewable energy credits. The 158 megawatt (MW) wind farm achieved commercial operation on March 1, 2020 and is expected to generate more than 504,100 megawatt hours (MWh) annually, or enough to power roughly 60,000 typical Illinois homes in a year.
“T-Mobile is all in on our commitment to using 100% renewable energy to offset the environmental impact of our operations — it’s the right thing to do for our business and our planet,” said Mike Sievert, CEO at T-Mobile. “As the supercharged Un-carrier, T-Mobile will not just be a bigger company, but a better company — and sustainability partners like Avangrid Renewables are critical to achieving our goal of helping us clean up wireless for good!”
Working with a company like T-Mobile, which is so committed to expanding clean energy, is inspiring and is helping to drive new investments like this one in rural communities,” said Alejandro de Hoz, President and CEO of Avangrid Renewables. “Our third wind farm in Illinois will mean tremendous long-term benefits for the people of LaSalle County, and T-Mobile’s sustainability initiatives helped make that happen.”
The Otter Creek Wind Farm is spread over 10,000 acres of land, mostly used to grow corn and soybeans, leased from 76 landowners. It will feature 38 Vestas 3.8 MW wind turbines and 4 Vestas 3.45 MW turbines. The construction effort has resulted in nearly $12 million in local spending, and more than 200 workers on the site. Landowner lease and neighbor payments are expected to total roughly $650,000 in the first year of operation, and more than $30 million over 25 years. New tax revenue is expected to exceed $1.1 million in the first year and total roughly $17 million over 20 years.
# # #
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.
