Press Releases
02/06/2020
Karankawa Wind Farm Achieves Commercial Operation
Karankawa Wind Farm Achieves Commercial Operation
FOR IMMEDIATE RELEASE
The facility supplies clean electricity to Austin Energy and Nike and helps both companies meet their sustainability commitments. Austin Energy has committed to meet 65% of its customers’ energy demand with renewable resources by 2027. Nike has committed to power 100% of its owned or operated facilities with renewable energy by 2025 as a part of its RE100 commitment.
“At Nike, we’re on a mission to help protect the future of sport, and there is no bigger environmental threat to sport than climate change,” said Noel Kinder, Chief Sustainability Officer of Nike. “We have been incorporating sustainability into our business for years – both in our operations and in how we innovate to reduce our environmental footprint while also providing high-performance products. With the opening of the Karankawa Wind Farm we are proud to be using renewable energy to power 100% of our owned or operated facilities in our North America geography, and are tracking toward our commitment to achieve 100% globally by 2025.”
The project will bolster the region’s farming economy and local community with over $29 million in land lease payments and $60 million in taxes over the first 20 years of the project’s operations. This will support local services such as schools and libraries. Construction of the wind farm employed over 350 people at its height. Going forward, the project will employ up to 12 full time employees and support local businesses through the purchase of products and services.
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.
