Press Releases
02/19/2025
Avangrid Approaches Milestone of 10.5 GW Installed Energy Generating Capacity
Avangrid Approaches Milestone of 10.5 GW Installed Energy Generating Capacity
With energy generation facilities spread across 24 states, Avangrid’s assets are capable of powering 3.1 million average U.S. homes
Picture: A map demonstrating states with Avangrid energy generation assets.
ORANGE, Conn. — February 19, 2025 — Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that it is approaching 10.5 Gigawatts (GW) in installed energy generating capacity spread across the Company’s portfolio. With assets in 24 states and growing, Avangrid’s generating capacity is capable of powering about 3.1 million average U.S. homes.
“With Americans across the country becoming more dependent on electricity, combined with the rapid growth of emerging industries like AI, the need for reliable energy has never been greater,” said Avangrid CEO Pedro Azagra. “Avangrid is working to meet the needs of families and businesses across the country with a portfolio of energy generation projects providing more than 10 Gigawatts of power, delivering reliable, domestically produced energy to homes, schools, and industry. With a pipeline of new projects in construction and development, we are focused every day on meeting the country’s demand for energy today and in the future.”
Avangrid owns and operates a mix of generation resources that contribute to its 10.5 GW of installed capacity, including onshore wind, solar, hydropower, natural gas, and fuel cells.
This includes approximately 3.8 GW in the West, 2.2 GW in Texas and New Mexico, 2.7 GW in the Midwest, and 1.7 GW in the East.
Avangrid’s assets are fixture within communities and deliver key economic benefits, supporting over 500 permanent jobs for operations and maintenance and paying over $50 million in property taxes last year.
Avangrid’s fleet is supporting a surge in energy demand from electrification, new manufacturing, and the proliferation of data centers. In February 2025, Avangrid announced that it is partnering with several major technology companies on eight current projects that are helping power data centers, with more projects to be constructed to meet surging energy demand. The Company’s overall installed capacity will continue to grow with approximately 27 GW of new generation in its pipeline.
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.
