Avangrid Receives Final Shipment of Solar Panels at True North Solar Project in Texas, a Key Step Toward On-Time Construction
17 Avril 2024 - 7:52PM
Business Wire
About half of the solar panels have been
installed at True North, with installation to be completed later
this year
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company
and member of the Iberdrola Group, today announced that it received
its final shipment of solar panels to the True North project site
in Falls County, Texas. This marks a significant checkpoint for
construction of True North, clearing a major hurdle in the solar
industry.
“We are thrilled to have reached another major construction
milestone at True North, which is set to become Avangrid’s largest
solar facility and our first in Texas,” said Pedro Azagra, Avangrid
CEO. “It’s no secret that the solar industry has dealt with
challenges in securing solar panels to build these important
renewable power facilities. With this final shipment of solar
panels in hand, we are moving full speed ahead with construction
and I look forward to seeing True North energized as we accelerate
a clean energy transition.”
True North is a 238 MWac (321 MWdc) solar farm under
construction near Waco, Texas. It will supply clean, renewable
energy in support of Meta’s net zero commitment, including
supporting its upcoming data center in neighboring Temple, their
second data center facility in Texas, with 100 percent renewable
energy.
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.
"Without projects like True North Solar, small districts like
Mart Independent School District don't see the benefits that high
property valuations can provide,” said Betsy Burnett,
Superintendent of Mart ISD. “Commercial businesses typically do not
build in rural areas such as ours. This project, along with others
in the area, allows us to generate funding to replace and renovate
our aging buildings and facilities."
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 $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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version on businesswire.com: https://www.businesswire.com/news/home/20240417220146/en/
Media Contact: Keaton Thomas Keaton.thomas@avangrid.com
503-956-9621
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