Avangrid Announces Construction of its Fifth Wind Farm in Illinois
11 Março 2024 - 3:31PM
Business Wire
The 153 Megawatt (MW) wind farm, Osagrove
Flats, will be built in La Salle County and demonstrates company’s
continued investment in Illinois
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company
and member of the Iberdrola Group, today announced the construction
of what will be the company’s fifth wind farm in Illinois. Osagrove
Flats, located in La Salle County, will include 34 wind turbines
with a total capacity of 153 MW.
“Avangrid has a long track record of successfully partnering
with Illinois communities to build and operate wind farms, helping
accelerate a clean energy transition in the state and across the
country,” said Pedro Azagra, Avangrid CEO. “We are excited to build
on our more than 15-year history in Illinois with Osagrove Flats,
which will bring jobs and additional investment to the local
community.”
The wind farm will produce more than 550,000 MWh of energy in a
year, which is the same amount of power used by about 50,000 U.S.
homes.
Construction at Osagrove Flats is expected to create about 300
jobs. Long-term operations and maintenance will also support
several permanent jobs on site. The wind farm is estimated to
contribute more than $40 million in property taxes over the life of
the project, which directly supports public services like education
and fire protection.
Avangrid has also worked closely with the surrounding community,
providing direct financial support in some cases. For example, the
company donated $15,000 to the Village of Dana, located near the
project, which it used to maintain ambulance service in the
community and renovate the town hall.
"We have developed a tremendous relationship with Avangrid over
the past several years and we are thrilled to see the Osagrove
Flats wind farm coming to life," said Joe Centeno, president of the
Village of Dana. "They have demonstrated time and again that they
care about this community, and I look forward to seeing the lasting
benefits this project will bring to our village, school district,
and township."
Osagrove Flats is located near four other Avangrid wind farms
operating in Illinois, including Streator Cayuga Ridge South,
Midland, Otter Creek, and Providence Heights. When construction is
complete, it will bring Avangrid’s total installed renewable energy
capacity in Illinois to nearly 800 MW.
With 8.7 GW of installed renewable capacity, Avangrid is the
third largest renewable energy operator in the U.S.
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be
the leading sustainable energy company in the United States.
Headquartered in Orange, CT with approximately $44 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 in 2021, 2022, 2023
and 2024 as one of the JUST 100 companies – a ranking of America’s
best corporate citizens. 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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Media: Keaton Thomas Keaton.thomas@avangrid.com
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