Search Results for: Avangrid

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PGE signs PPA with Avangrid for 120 MW solar project
December 4, 2024December 4, 2024 Global, News

Portland General Electric (PGE) has entered a power purchase agreement (PPA) with Avangrid, a member of the Iberdrola Group, to procure power from the 120 MWac (166 MWdc) Tower Solar project in Morrow County, Oregon. Scheduled for completion in 2026, Tower Solar will be Avangrid’s sixth solar facility and 17th power generation project in Oregon, where the company operates 1.6 GW of wind and solar capacity. The project will supply renewable energy to PGE’s grid…

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Avangrid and Invenergy secure Gulf of Maine offshore wind leases
November 4, 2024November 4, 2024 Global, News

Avangrid Renewables and Invenergy NE Offshore Wind have won two lease areas each in the Gulf of Maine through a US government-led offshore wind lease sale conducted by the Bureau of Ocean Energy Management (BOEM). This sale marks the sixth offshore wind lease under the Biden-Harris administration and the first for commercial floating offshore wind on the Atlantic coast. Avangrid acquired leases OCS-564 (98,565 acres) for $4.9 million and OCS-568 (124,897 acres) for $6.2 million….

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Avangrid sells Kitty Hawk North offshore wind lease area to Dominion
October 28, 2024October 28, 2024 Global, News

Avangrid has completed the sale of its 40,000-acre Kitty Hawk North offshore wind lease area to Dominion Energy for $160 million. The transaction includes a $117 million lease acquisition payment and reimbursement for associated development costs. The sale agreement was initially signed in July 2024. Avangrid, part of the Iberdrola Group, retains the rights to Kitty Hawk South, where it plans to develop up to 2.4 GW of offshore wind capacity, supplying power to Virginia,…

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Trump halts new offshore wind leases, calls wind farms ‘big, ugly windmills’
January 21, 2025January 21, 2025 Global, News

President Donald Trump has temporarily suspended new federal leases for offshore wind energy projects, citing concerns over costs, aesthetics, and wildlife impacts. The executive order mandates a comprehensive environmental and economic review of offshore wind development on the US outer continental shelf. Trump criticized wind energy, stating, “They’re the most expensive form of energy by far. They kill birds and ruin beautiful landscapes.” However, the suspension does not affect existing offshore wind projects by companies…

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Iberdrola secures green loan for photovoltaic plant in Sicily
December 24, 2024December 24, 2024 Global, News

Iberdrola has finalized a €100m ($103m) green loan agreement with the European Investment Bank (EIB), guaranteed by SACE under the Archimede scheme, to construct a new photovoltaic plant in Sicily, Italy. This marks the first collaboration between the EIB and Iberdrola backed by SACE. The plant, expected to be operational by 2025, will have a capacity of 242.78MWp, producing 400GWh annually—enough to meet the energy needs of approximately 154,000 households. Located in the provinces of…

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