Press Releases
01/30/2024
Avangrid Announces First Onshore Wind Project in Oklahoma, Will Expand Company’s U.S. Footprint to 25 states
Avangrid Announces First Onshore Wind Project in Oklahoma, Will Expand Company’s U.S. Footprint to 25 states
147.5 Megawatt (MW) Pontotoc Wind will produce energy to power 40,000 homes
PORTLAND, Ore. – Jan. 30, 2024 -- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced its first renewable energy project in Oklahoma. Pontotoc Wind, a 147.5 MW wind farm with 33 turbines, powering 40,000 homes, will be constructed in Pontotoc County, Oklahoma and expand Avangrid’s presence in the U.S. to 25 states.
“We are thrilled to be developing our first renewable energy project in Oklahoma, that will deliver clean, renewable, wind power to the Pontotoc County community along with jobs and local investment,” said Pedro Azagra, Avangrid CEO. “With Pontotoc Wind, we are helping to accelerate a clean energy transition in the state and across the U.S.”
Pontotoc Wind will generate about 500,000 MWh of power each year, enough energy to power more than 40,000 homes.
Construction is expected to begin in 2024 and will produce more than 200 jobs. Avangrid expects the project will contribute to the surrounding area for more than 20 years, including local jobs to support wind farm operations and other community investment. Additionally, Pontotoc Wind will contribute an estimated $25 million in property taxes over the life of the project, which benefits local schools and other services.
Avangrid worked closely with the U.S. Air Force for several years to carefully site the project in an area that protects the Air Force's mission.
With more than 8.6 GW of installed renewable capacity, Avangrid is the third-largest renewable energy operator in the U.S. Once construction is complete on this project, Avangrid will have operations or assets across half the country. Learn more about our renewables operations here.
About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine and Oregon, including operations in 24 states with approximately $47 billion in assets, and 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 and in 2024. Through its renewables business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing over 9GW of power for over 2.2 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens in 2025 for the fifth consecutive year. The company 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.
