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Local County Vote Paves Way for Iberdrola Renewables to Begin Construction at Baffin Wind Farm in Texas

Local County Vote Paves Way for Iberdrola Renewables to Begin Construction at Baffin Wind Farm in Texas

The project would increase capacity at Gulf Coast complex to 606 MW

Click Here  for a PDF version of this press release.

October 21, 2013

PORTLAND, Ore. — Iberdrola Renewables is preparing to begin construction of its 202 megawatt Baffin Wind Farm in Kenedy County, Texas. Baffin becomes the company’s third wind power project in the complex, south of Baffin Bay, following the Peñascal I and Peñascal II projects. At 606 MW, the combined complex will serve as Iberdrola’s largest renewable energy facility in the world. The project expects to begin construction during the fourth quarter of 2013 and reach commercial operation by the end of 2014.

The wind farm represents a potential $300 million investment, and moved forward this week thanks to the Kenedy County Commissioners’ decision to approve a tax abatement agreement for the project, which includes a fixed annual payment to the county over the ten year term of the abatement.

“Working with Kenedy County and the landowner on an additional expansion of the Peñascal complex exemplifies the partnership we strive for within each of the communities we serve,” said Jason Du Terroil, business developer for Iberdrola Renewables. “Investing here makes sense for many reasons, but the success we’ve had here together with our partners helps us continue leading the transformation to a competitive, clean energy future.”

In addition to providing a local source of clean energy, Baffin creates significant local economic benefits through the taxes it would pay and jobs created during construction and operation of the project. Baffin should create up to 240 construction jobs and eight permanent positions. Because wind energy is a permanent, non-depleting energy source, the project would provide a stable, long-term source of local tax revenue.

Iberdrola Renewables expects to install 101 Gamesa G97 wind turbines, each with a rated capacity of 2 MW. The existing two phases of Peñascal together total 168 turbines and 403.2 MW.

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

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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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