08/13/2024

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ORANGE, Conn.--(BUSINESS WIRE)-- 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. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $46 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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