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10/31/2019

Avangrid Renewables Commissions Deerfield Wind, the company’s first project in Vermont

Avangrid Renewables Commissions Deerfield Wind, the company’s first project in Vermont

Click Here  for a PDF version of this press release.

December 29, 2017

PORTLAND, OREGON — Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR) began commercial operation at its newest wind farm, and first in Vermont, the Deerfield Wind Farm, in the towns of Readsboro and Searsburg today. The new wind farm construction, which created nearly 200 jobs at its peak and millions of dollars of local spending, is the first wind farm on U.S. Forest Service land in the country.

“This project in concept has been at the forefront of our program of work for many years,” said John Sinclair, Forest Supervisor for the Green Mountain and Finger Lakes National Forests. “Today we are proud to recognize the dedicated USFS employees, local leaders, partners and government agencies that have contributed countless hours of work toward making the development of our nation’s first commercial-scale wind energy facility on National Forest System lands a reality here in Vermont.”

The two towns combined will receive direct annual payments expected to total $6.8 million over the life of the project, and the wind farm will generate an estimated $6 million in tax payments to the state to support education funding.

"This project took a long time, but will deliver big benefits for everyone in Searsburg," said Searsburg board member and town energy coordinator Mike Johnson. "It's a giant boost for clean energy, and we believe the winds of time will prove their worth."

We are thankful for a job well done,” said Helyn Strom-Henriksen, the Selectboard Chair from the Town of Readsboro. “We are looking forward to the positive impacts this project will have on the area.”

The 30-megawatt wind farm includes 15 Siemens Gamesa wind turbines which produce enough clean, renewable energy to power roughly 14,000 average Vermont homes annually. Avangrid Renewables will own and operate the wind farm, and sell the energy to Green Mountain Power under a 25-year power purchase agreement.

“We are able to celebrate this milestone because of the hard work of our many partners, especially at the local level,” said Dave Carroll, vice president of projects for Avangrid Renewables. “Working with Green Mountain Power, the U.S. Forest Service, and the local communities means we’re able to create clean energy and local economic benefits in rural Vermont.”

The Deerfield Wind Farm construction has spent roughly $7.5 million locally to date. More than 25 New England-based companies worked on the wind farm, including 11 from Vermont, supplying a range of services from labor and materials to engineering and electrical work.

 


About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a diversified energy and utility company with more than $32 billion in assets and operations in 27 states. The company owns regulated utilities and electricity generation assets through two primary lines of business, Avangrid Networks and Avangrid Renewables. Avangrid Networks is comprised of eight electric and natural gas utilities, serving approximately 3.2 million customers in New York and New England. Avangrid Renewables operates more than 6 gigawatts of owned and controlled renewable generation capacity, primarily through wind and solar, in 22 states across the United States. AVANGRID employs approximately 6,800 people. For more information, visit www.avangrid.com.

About Avangrid Renewables:: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. (NYSE: AGR) and part of the IBERDROLA Group. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables, LLC is headquartered in Portland, Ore., and recently changed its legal name from Iberdrola Renewables, LLC. For more information, visit www.avangridren.com.


Media Contact

Art Sasse
Art.Sasse@avangrid.com
503.796.774

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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