Avangrid Completes Module Installation at True North Solar project

08/26/2024

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FALLS COUNTY, Tex.--(BUSINESS WIRE)-- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, recently installed the final modules at True North Solar, a significant achievement for the 238 MWac (321 MWdc) clean energy project located in Falls County, Texas. Avangrid installed more than 488,000 solar modules at the site over the past several months, accomplishing this milestone ahead of schedule.

"This is a major accomplishment and we are proud of the hardworking women and men who are bringing this clean energy project onto the Texas grid," said Pedro Azagra, Avangrid CEO. "In celebrating this milestone, we look forward to finishing the project. This is yet another example of Avangrid executing on its commitment to accelerate the clean energy transition."

Avangrid continues to commission the True North and will soon begin building a dedicated operations and maintenance facility at the site. Commercial operation is expected at the end of the year.

True North will become the largest solar project in Avangrid's portfolio and its first solar project in Texas. Once construction is completed, it will supply clean, renewable energy in support of Meta's net zero commitment, including supporting its upcoming data center in neighboring Temple, its second data center facility in Texas, with 100 percent renewable energy.

Construction of True North has supported 350 jobs at the peak of work, with the majority of those jobs sourced locally. The project will support several permanent, high-paying jobs that will remain in the community for the life of the project. Avangrid expects to pay more than $40 million in taxes over the life of the project.

Avangrid has successfully developed, built, and operated renewable energy projects in Texas for more than 15 years, with more than 1,200 MW of installed wind capacity. The company has paid more than $100 million in property taxes from its existing facilities.

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $45 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 as one of the JUST 100 companies - a ranking of America's best corporate citizens - in 2024 for the fourth consecutive year. 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 .

Source: AVANGRID, Inc.

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