Press Releases
10/31/2019
Iberdrola Renewables Announces Renewable Energy Sale to Roseville Electric
Iberdrola Renewables Announces Renewable Energy Sale to Roseville Electric
Will help public utility meet California clean energy standards with innovative energy package
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September 15, 2014
PORTLAND, Ore. — Iberdrola Renewables today announced a 10-year contract to supply Roseville Electric, the municipal electric utility of Roseville, California, with a package of renewable energy products. Roseville is seeking to increase the amount of energy it receives from renewable resources to 33% by 2020.
The deal will deliver firm quantities of renewable energy over time to help Roseville fulfill California’s renewable portfolio standard (RPS) obligation through 2024. Roseville is procuring all three qualifying renewable energy products in a single contract with Iberdrola Renewables to gain cost efficiencies and ease of compliance with the RPS law. The contract gives Roseville the flexibility to adjust the volumes as needed to economically manage its renewable energy supply. Iberdrola Renewables will manage all delivery requirements and source the energy and renewable energy credits from its renewable asset portfolio, which includes facilities certified by the California Energy Commission to meet the state’s RPS.
The City of Roseville’s City Council authorized the execution of the transaction at its meeting on September 3.
“We pride ourselves in providing reliable energy and outstanding service to our customers while ensuring we meet the state’s renewable energy goals,” said Roseville Electric assistant utility director Mike Bloom. “Roseville Electric Utility’s purchase of energy from Iberdrola Renewables is a significant step in helping us achieve the state’s renewable mandates.”
“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 Roseville’s renewable energy goals, and takes advantage of our sophisticated scheduling and energy delivery capabilities.”
Iberdrola Renewables, LLC is 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 5,800 MW of wind and solar generation. www.iberdrolarenewables.us
Media Contact:
Art Sasse, Iberdrola Renewables, 503-796-7740, 503-475-0330
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.
