Press Releases
08/13/2024
Avangrid Eclipses 9GW of Installed Capacity at Wind and Solar Sites Powering Over 2 Million Homes
Avangrid Eclipses 9GW of Installed Capacity at Wind and Solar Sites Powering Over 2 Million Homes
Ongoing construction this summer at multiple Avangrid renewable energy facilities helped the Company eclipse 9GW of installed capacity
9 GW of onshore wind and solar capacity at more than 75 sites can produce enough energy to power more than 2.3 million U.S. homes
ORANGE, Conn. — Aug. 13, 2024 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has eclipsed 9 Gigawatts (GW) of installed capacity at its onshore wind and solar sites this summer.
“I am proud of the continued progress Avangrid is making to grow our renewable energy footprint nationwide, but we are not complacent,” said Pedro Azagra, Avangrid CEO. “With a big pipeline of future renewable energy projects across the country, and a large fleet of onshore wind projects that is ripe for repowering, we remain steadfast in our commitment to accelerating the clean energy transition. In reaching this milestone, we are setting our sites on the next.”
Avangrid’s onshore wind and solar portfolio includes more than 75 projects spread across 22 states. It has over 8 GW of installed wind capacity and about 1 GW of installed solar capacity, including projects that are currently under construction. Construction progress at multiple Avangrid projects this summer helped the Company reach this 9 GW milestone. These renewable energy projects not only help each state, and the country, reach their climate goals, but deliver important community benefits by creating jobs, boosting economic growth, and contributing to the tax base.
With a focus on operational excellence and environmental responsibility, Avangrid continues to bring reliable and sustainable power to its customers to build a cleaner, greener energy future.
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.
