Press Releases
10/31/2019
Iberdrola Renewables extends and expands existing PPA with Modesto Irrigation District
Iberdrola Renewables extends and expands existing PPA with Modesto Irrigation District
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December 22, 2009
PORTLAND, Ore. — Iberdrola Renewables has extended and expanded an existing power purchase agreement (PPA) with Modesto Irrigation District (MID), the Modesto, California area's public power utility.
MID will extend an existing 25 megawatt (MW) contract with Portland, Oregon-based Iberdrola Renewables to June 30, 2015. Then from July 1, 2015 to June 30, 2028, MID will expand the PPA to 50 MW. MID has a goal of getting 20 percent of its energy from renewable sources by 2017.
"This continued and expanded PPA puts MID in an even better position to respond to California's changing renewable energy targets," said Allen Short, MID's General Manager. "With this expanded PPA, MID now gets 19 percent of its portfolio from renewables."
"Iberdrola Renewables continues to work hard to secure California resources for our California customers," said Barrett Stambler, vice president of origination for Iberdrola Renewables. "The contract demonstrates the continuing strong market demand for clean, renewable energy and Iberdrola Renewables' ability to meet the needs of our customers."
The power from the contract comes from the High Wind Energy Center located in Solano County, California. The project came online in 2003 and MID has been taking deliveries from the 162-MW project since June 1, 2004.
Iberdrola Renewables has a portfolio of nearly 3,500 MWs of wind power currently in operation across the U.S including a total of 380 MWs now operating in California. Iberdrola Renewables is part of Iberdrola Renovables, the largest provider of wind power in the world, with more than 10,000 MW of wind power in operation in 23 countries.
MID is a public agency established by vote of the people in 1887. Governed by a locally elected Board of Directors, MID operates on a not-for-profit basis with water and electric rates based on the cost of providing service. Its primary water source is the Tuolumne River.
About MID services
- Irrigation water since 1904 — Serving 3,100 agricultural customers who irrigate 58,000 acres of almonds, walnuts, peaches, and other crops.
- Retail electric service since 1923 — Over 110,000 residential, commercial, industrial and agricultural accounts in California's Central Valley, situated halfway between San Francisco and Yosemite National Park.
- Treated drinking water since 1994 — 40 million gallons per day (average) delivered to the City of Modesto, slightly more than half of the City's water supply.
Contact:
Art Sasse, Director, Communications & Brand, Iberdrola Renewables, 503-796-7740
Paul Copleman, Media Relations, Iberdrola Renewables, 207-641-2805
Melissa Williams, MID, 209-526-7390
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.
