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02/06/2024

True North Solar Project Achieves Construction Milestone with Delivery of Main Power Transformers

True North Solar Project Achieves Construction Milestone with Delivery of Main Power Transformers

PORTLAND, Ore. — Feb. 6, 2024 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it has delivered and installed both Main Power Transformers at its True North solar project, marking a major milestone for the company’s first solar farm in Texas. Module and racking system installation also continues to progress on site as overall project construction remains on schedule.

“We are thrilled to see construction at True North progressing smoothly as we reach this major milestone, despite several challenges facing the solar market,” said Pedro Azagra, Avangrid CEO. “True North will be our largest solar project once complete, and represents Avangrid’s unwavering commitment to accelerating a clean energy transition.”

True North, a 240 MWac (321 MWdc) solar farm in Falls County, will supply clean, renewable energy in support of Meta’s net zero commitment, including supporting its upcoming data center in neighboring Temple, their second data center facility in Texas, with 100% renewable energy.
True North will be Avangrid’s first solar farm in Texas. During its construction and operation, the project is creating local jobs to support the surrounding community. It is expected to pay over $40 million in property taxes over 25 years in the state, in which the company already operates more than 1,200 MW of onshore wind facilities.
 

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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