Press Releases
10/31/2019
Iberdrola Renewables Signs Deal for Solar Energy Plant in Arizona
Iberdrola Renewables Signs Deal for Solar Energy Plant in Arizona
Click Here for a PDF version of this press release.
October 13, 2010
PORTLAND, Ore., — Salt River Project and Iberdrola Renewables have signed a 25-year power purchase agreement for 20 megawatts of solar photovoltaic energy from a Pinal County facility. SRP will purchase all of the solar energy produced at the Copper Crossing Solar Ranch, which is expected to be online by June 2011.
The solar energy will be produced using photovoltaic panels and will produce an amount of energy equal to that needed to serve about 3,100 SRP customers’ homes.
“From wind power to solar, our partnership with Iberdrola Renewables has resulted in thousands of SRP customers benefitting from clean, renewable energy,” said SRP General Manager Richard Silverman.
“Iberdrola Renewables is delighted to partner for the third time with SRP, this time for one of the largest utility-scale projects in Arizona,” said Martin Mugica, executive vice president of Iberdrola Renewables. “SRP has been a leader in bringing clean, renewable energy to Arizona, by purchasing the output of the first commercial-scale wind farms in the state and now with this, one of Iberdrola Renewables’ first solar projects.”
SRP has purchased property located between Quail Run Lane and Attaway Road, and between Judd Road and Bella Vista Road, and will lease a portion of the property to Copper Crossing for the development of the solar facility. The property is adjacent to the Abel receiving station.
Iberdrola Renewables’ experience as one of the nation’s leading wind power project developers and operators has prepared the company to develop and deliver a variety of solar technology solutions. The power purchase agreement with SRP, from what is expected to be one of Iberdrola Renewables’ first solar projects in the U.S., signals the company’s expansion into the solar power business for its utility customers, and it does so with a long term contract from a repeat customer.
The new solar plant will be the third large renewable power project in which SRP has partnered with Portland, Oregon-based Iberdrola Renewables – the Dry Lake Wind Farm Phase 1 was dedicated as Arizona’s first commercial-scale, wind power project in October 2009, and Phase 2 is scheduled to be complete by early 2011.
Iberdrola Renewables also announced a 30 MW solar power sale in Colorado yesterday, for another project slated to begin construction this year. The two combined renewable power purchase agreements mark the worldwide renewables leader’s entrance into the U.S. solar power sector. With a proven track record in wind power, the company plans to bring these 50 megawatts of emission-free solar power to commercial operation by the end of next year.
Salt River Project is the third-largest public power utility in the country and serves more than 930,000 electric customers through a variety of resources including solar, wind, biomass, geothermal and hydroelectricity. In 2004, SRP’s Board of Directors voted to require that 15 percent of the energy generated comes from sustainable resources by 2025. Today, SRP’s sustainable portfolio is 6.5 percent of the total power provided to our customers.
Iberdrola Renewables, Inc. is an American company, headquartered in Portland, Ore., with over 850 employees. It is part of the Iberdrola Renovables global group, the world's leading provider of wind power with more than 11,000 MW of renewable energy in operation around the world, and more than 3,800 MW of that wind power located in the U.S., now bringing its expertise into the solar industry. www.iberdrolarenewables.us
Click here to view the project fact sheet.
Contacts
Art Sasse, Director, Communications & Brand, Iberdrola Renewables, 503-796-7740
Paul Copleman, Media Relations, Iberdrola Renewables, 207-641-2805
Patty Garcia-Likens, SRP, 602-236-2500
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.
