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10/31/2019

Iberdrola Renewables Announces Renewable Energy Sale to Riverside

Iberdrola Renewables Announces Renewable Energy Sale to Riverside

Competitively-priced Wind Power with Innovative Energy Package

Click Here  for a PDF version of this press release.

July 28, 2015

Wind TurbinesPORTLAND, Ore. — Iberdrola Renewables today announced a unique 11-year contract to supply the City of Riverside, California, with a blended package of seasonal peaking renewable energy products. Riverside is seeking to increase the amount of energy it receives from renewable resources to above 40% before 2020.

Utilizing its wind management expertise and transmission portfolio, Iberdrola Renewables will deliver approximately 101,000 MWh of firm renewable energy annually to help the City of Riverside fulfill California’s renewable portfolio standard (RPS) obligation through 2026. Iberdrola Renewables will deliver ‘Bucket 1’ and ‘Bucket 2’ RPS products from its renewable asset portfolio to Riverside for its RPS and power supply needs.

The City of Riverside’s City Council authorized the execution today with deliveries starting in June 2016.

“We are pleased that the Council approved this agreement,” said Riverside Public Utilities General Manager Girish Balachandran. “Riverside’s purchase of energy from Iberdrola Renewables is just one of the many ways Riverside intends to expand its renewables portfolio.”

“With affordable wind energy assets in our portfolio, plus experience managing the California delivery requirements, we can reliably deliver clean power to our customers,” said Barrett Stambler, vice president of Iberdrola Renewables. “This deal strongly supports Riverside’s ambitious renewable energy goals, and takes advantage of our sophisticated scheduling and energy delivery capabilities within the Western transmission system.”

Iberdrola Renewables, LLC is a subsidiary of Iberdrola USA and the U.S. renewable energy division of parent company IBERDROLA, S.A., an energy pioneer with the largest renewable asset base of any company in the world. Iberdrola Renewables, LLC is headquartered in Portland, Ore., and has more than $10 billion of operating assets totaling more than 6,000 MW of owned and controlled wind and solar generation in the U.S. www.iberdrolaren.com

Media Contact:

Art Sasse, Iberdrola Renewables, 503-796-7740

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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