Iberdrola signs PPA for 200 MW wind farm in Texas

Iberdrola's US subsidiary AVANGRID Renewables and Austin have entered into an agreement for the long-term sale of power for the city of Austin (Texas).

Therefore, Iberdrola will generate clean energy for the city of Austin over the next 15 years, from a wind farm that will be built between 2018 and 2019 in the state of Texas. The location of the wind farm will be chosen over the next few weeks. It will have a 200 MW capacity and require an investment of almost US$300M.

In the United States, contracts such as this one with Austin Energy are referred to as 'Power Purchase Agreements' (PPA) and guarantee the profitability of energy facilities in this country for the long haul.

Most of Iberdrola's wind farms in the United States were brokered through similar agreements, which have yielded great stability to the company's investments in such a strategic market, a stability that has been the bedrock for Iberdrola's commitment to the country.

In fact, Iberdrola has signed during the past few months a series of agreements with flagship US multinationals, which have chosen the company to supply green energy to their facilities from the company's wind farms.

These wind farms include the 208 MW Amazon Wind Farm US East (North Carolina), which supplies power to Amazon, or the 200 MW Montague Wind Power Project (Phase 1) in Gilliam County, which supplies power to Apple, as well as the Leaning Jupiter (Oregon) and Jupiter Canyon (Washington), both of which supply power to Nike.

Therefore, Iberdrola will own and operate the wind farm that will be built, and the electricity generated will be supplied to the city of Austin, capital of Texas and fourteenth most populated city in the United States, with almost one million inhabitants.