Avangrid Produces First Energy from True North Solar Project in Texas, Construction Continues On Schedule
16 July 2024 - 3:06AM
Business Wire
Avangrid has commissioned 20MW of the project
thus far, with commercial operations expected to begin by the end
of the year
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company
and member of the Iberdrola Group, announced that it has begun to
produce power from the True North solar project in Falls County,
Texas, near Waco. With 20 MW commissioned thus far, this marks
another major milestone for what will become the largest solar
power project in Avangrid’s portfolio, and its first solar project
in Texas.
“This is great news, not just for the on-time construction of
True North, but for the state of Texas at large. Thanks to the
diligent work of our team and our contractors, we are able to
supply additional energy to the Texas electrical grid as we move
into the summer months,” said Pedro Azagra, Avangrid CEO. “I am
happy to see this project moving forward as Avangrid continues on
its mission to accelerate the clean energy transition across
America.”
True North will be a 238 MWac (321 MWdc) solar farm. Once the
project is built, 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. Ahead of commercial
operations, expected at the end of 2024, the project will supply
power to customers on the Texas grid.
During its construction and operation, the project is creating
local jobs and supporting local communities. It is expected to pay
more than $40 million in property taxes over the life of the
project, which directly supports public services like safety and
fire protection, as well as local schools.
Avangrid has successfully developed, built, and operated
renewable energy facilities 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240715130620/en/
Media Contact: Keaton Thomas Keaton.thomas@avangrid.com
503-956-9621
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