Avangrid, Inc. (NYSE: AGR), a leading force in the U.S. renewable energy sector, has achieved a significant milestone by surpassing 9 gigawatts (GW) of installed capacity across its onshore wind and solar projects this summer. This achievement cements Avangrid’s position as a key player in the clean energy transition, contributing to the nation’s green energy policies and goals.
Expanding Renewable Energy Footprint
With over 75 projects spread across 22 states, Avangrid’s renewable energy portfolio now boasts more than 8 GW of installed wind capacity and approximately 1 GW of installed solar capacity. This includes projects currently under construction, further enhancing the company’s commitment to solar energy investment and energy market trends.
Pedro Azagra, CEO of Avangrid, expressed pride in this achievement, stating, “We are proud of our progress, but we are not complacent. With a significant pipeline of future renewable energy projects and many wind projects ripe for repowering, we remain committed to accelerating the clean energy transition.”
Impact on Communities and the Energy Market
Avangrid’s growing renewable portfolio plays a crucial role in helping states and the nation meet their climate objectives. These projects also deliver significant community benefits, including job creation, economic growth, and contributions to local tax bases. By providing reliable and sustainable power, Avangrid is building a cleaner, greener energy future, aligning with global energy market trends and solar market analysis.
The company’s focus on operational excellence and environmental responsibility ensures that its projects not only meet energy needs but also support broader sustainability goals. Avangrid’s commitment to these principles is evident in its continued expansion and development of renewable energy projects across the country.
Leadership in the Green Energy Sector
Avangrid, headquartered in Orange, Connecticut, manages approximately $46 billion in assets and operates in 24 U.S. states. The company employs around 8,000 people and has been recognized for its leadership in sustainability and corporate responsibility. In 2024, Avangrid was named one of America’s best corporate citizens by JUST Capital and was ranked first among utilities and 12th overall in the JUST 100 rankings. Additionally, the Ethisphere Institute has recognized Avangrid as one of the World’s Most Ethical Companies for six consecutive years.
As a member of the Iberdrola Group, Avangrid supports the United Nations’ Sustainable Development Goals and continues to lead in the green energy sector, driving forward solar technology developments and contributing to the ongoing transformation of the energy market.
Source：businesswire.com
