Avangrid stated the challenge is the biggest solar energy plant in its portfolio, and the primary photo voltaic challenge in Texas.
Last 12 months, Avangrid began building of this photo voltaic PV plant and signed an influence buy settlement (PPA) with social media and knowledge large Meta, offering one in all Meta’s new knowledge facilities in Temple. City, Texas.
Meta has a number of PPAs in place, particularly in Texas, and has dedicated to powering its operations completely with renewable vitality since 2020. For instance, Pine Gate Renewables signed an environmental asset buy settlement ( EAPA) with Meta for a 204MW photo voltaic PV challenge in Temple, Texas, in May 2024.
In addition to the True North Solar challenge, Avangrid put in the primary modules of the 202MWdc/150MWac Powell Creek PV challenge in Putnam County, Ohio lately. Construction of the challenge started in late 2023 and Avangrid stated the positioning could be put into operation “inside roughly 14 to 18 months”. This would put the operational date round Spring 2025.
Avangrid is a subsidiary of Spanish utility Iberdrola because it was absolutely acquired by the latter in May 2024. Iberdrola took full possession of Avangrid for a complete of US$2.551 billion after buying an 18.4% minority stake in it has not been held by Avangrid for US $35.75 per share. Following the closing of the transaction, Iberdrola requested that Avangrid’s shares be delisted from the New York Stock Exchange.
