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10/31/2019

Dairyland & Avangrid Renewables Announce New Wind Contract

Dairyland & Avangrid Renewables Announce New Wind Contract

 

                          

 

 

 

 

 

For Immediate Release
May 23, 2019

 

Dairyland & Avangrid Renewables Announce New Wind Contract 

Tatanka Ridge proposed in South Dakota

La Crosse, WI— Dairyland Power Cooperative has finalized a power purchase agreement with Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), for 52 megawatts (MW) of renewable energy from the Tatanka Ridge Wind Farm proposed for Deuel County, SD, northeast of Brookings. 

Dairyland’s portion of Tatanka Ridge’s output would represent enough renewable energy to power approximately 16,000 homes. Avangrid Renewables is the owner and developer of the facility. 

“Diversifying our generation mix is a key strategic priority for Dairyland and our cooperative membership. Tatanka Ridge will significantly increase our investment in sustainable, renewable energy,” said Rob Palmberg, Dairyland Vice President, Strategic Planning. “Dairyland has collaborated twice with Avangrid Renewables on existing wind energy projects and we are excited to work together again.” 

The 154.8 MW Tatanka Ridge would encompass approximately 18,000 acres of primarily corn and soybean farms and cattle ranches, leased from more than 100 landowners. Between land lease payments and taxes, the wind farm would inject $1.7 million of economic benefits annually. The project will generate wind energy from 56 GE wind turbines, with construction anticipated to begin later this year. Commercial operation is expected by year-end 2020. 

“Repeat customers like Dairyland understand how these partnerships and projects create long-term positive impacts in the communities where we build,” said Barrett Stambler, Avangrid Renewables’ Vice President of Origination. “Helping to diversify their generation portfolio with clean, competitive energy supply will also deliver new investment in South Dakota.” 

About Dairyland Power Cooperative:  Dairyland, a Touchstone Energy Cooperative, was formed in December 1941. Headquartered in La Crosse, Wis., Dairyland provides the wholesale electrical requirements for 24 distribution cooperatives and 17 municipal utilities. These cooperatives and municipals, in turn, supply the energy needs of more than a half-million people in the four-state service area. For more information, visit www.DairylandPower.com.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $32 billion in assets and operations in 24 U.S. states. AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 3.2 million customers in New York and New England. Avangrid Renewables owns and operates 7.1 gigawatts of electricity capacity, primarily through wind power, with a presence in 22 states across the United States. AVANGRID employs approximately 6,500 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 by the Ethisphere Institute. For more information, visit www.avangrid.com.

About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with one of the largest renewable asset bases of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.com.  

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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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