ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Avangrid Achieves Milestone with 80 Power Generation Projects in Operation

Company added approximately 600 MW of new domestic energy capacity to the U.S. grid within the last six months

Avangrid operates 10.5 GW across the country

Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that it has placed its 80th U.S. power generation project into operation, marking a major milestone for the company as it provides energy to homes and businesses in 23 states across the country. Over the past six months, Avangrid announced that it achieved commercial operation on three new solar projects in Texas, Ohio, and California, adding nearly 600 megawatts (MW) to the grid, enough energy to power over 100,000 homes. This achievement builds on Avangrid’s commitment to helping the nation meet its growing demand for energy while bolstering the U.S. economy.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250724579905/en/

Technician at Avangrid's True North Solar project in Texas.

Technician at Avangrid's True North Solar project in Texas.

“For over two decades, Avangrid has been delivering energy to homes and businesses across the nation, and today that portfolio has grown to 80 facilities spanning from coast to coast,” said Jose Antonio Miranda, Avangrid CEO. “Achieving this milestone comes at a critical time as we work to bring new energy capacity online to meet growing electricity demand from a variety of sources, particularly the construction of new data centers. In just the past six months, Avangrid has achieved commercial operation at three new projects, demonstrating our ability to meet the needs of our customers and bring needed capacity to increasingly strained electric grids. We will continue to collaborate with our partners as we work to secure American energy independence and support jobs and economic growth across the U.S.”

In March 2025, Avangrid announced that it achieved commercial operations at its True North Solar project in Falls County, Texas. This 321 MWdc project is supporting Meta’s operations, including its upcoming data center in Temple, TX. In June 2025, Avangrid announced commercial operations at Camino Solar, a 57 MWdc project in Kern County, California as well as commercial operations at Powell Creek Solar, a 202 MWdc project in Putnam County, Ohio.

Communities across the country realize tangible economic and social benefits thanks to Avangrid’s portfolio of projects. These 80 operating projects supported over 12,000 jobs (direct, indirect, and induced) last year. Additionally, the company’s power generation business contributed $112 million in taxes to state and local jurisdictions, paid $97 million in lease payments, and delivered $2.1 million in community support in 2024. Avangrid, including its power generation business and regulated utilities in the Northeast, has also grown its support of U.S. companies through its supply chain, investing $4.3 billion with U.S. companies last year.

In Oregon and Washington, for example, Avangrid has a large business office, its National Control Center, National Training Center, and approximately 3.0 GW of generating capacity, representing a key region for the company. Avangrid’s operations support approximately 500 jobs and paid nearly $30 million in taxes, combined across both states.

“For many years, Avangrid has been a valuable member of Oregon’s business community and has played an important role in providing Oregonians with reliable energy,” said Angela Wilhelms, president and CEO of Oregon Business and Industry.

“Avangrid has been a leader in the energy industry in the Northwest for many years, with a talented local workforce, innovative operations, and competitive solutions for power customers around the country,” said Spencer Gray, executive director of the Northwest & Intermountain Power Producers Coalition. “I congratulate Avangrid on reaching this milestone and continuing its track record of excellence as an independent power generator.”

With energy demand expected to surge over the next decade, largely due to the construction of new data centers, Avangrid’s ability to bring new energy projects is vital. The company already has approximately 1.5 gigawatts (GW) of capacity that supports data centers with an additional 650 MW under construction or will be under construction soon. Avangrid is actively working on new projects that will help meet expected energy demand growth in the coming years.

In March 2025, Avangrid announced its plan to invest $20 billion in U.S. electrical grid infrastructure through the end of the decade. The plan reflects the critical need to invest in energy infrastructure to meet growing demand, as well as the United States’ position as a top investment priority for Avangrid and Iberdrola.

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 23 states with approximately $48 billion in assets, and has two primary lines of business: networks and power. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Through its power generation business, Avangrid owns and operates 80 energy generation facilities across the United States producing 10.5 GW of power for over 3.1 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 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit http://www.avangrid.com.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.