Avangrid Renewables and Governor Shumlin Break Ground on Deerfield Wind Farm

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September 19, 2016

SEARSBURG, Vt. — Avangrid Renewables representatives, joined by Governor Shumlin and local elected officials, broke ground on the Deerfield Wind Farm today.

Once operational, Deerfield will produce enough energy each year to power around 14,000 average Vermont households with clean, renewable electricity. Avangrid Renewables signed a 25-year power purchase agreement for the project with Green Mountain Power in 2015.

“I am proud that since I took office we have increased solar by eleven times and wind generation by twenty times, and that we now have over 17,000 Vermonters working in clean energy jobs,” said Gov. Peter Shumlin. “I am also proud that we are making this progress even as we now have the second-lowest electric rates in New England, keeping more money in Vermonters’ pockets. Today we take another step to support the clean energy economy and fight climate change by breaking ground on the Deerfield wind project. This will reduce our region’s reliance on fossil fuels and adds wind power to a part of the grid in Vermont that is ready for it and needs it.”

The 30-megawatt (MW) project will include 15 Gamesa wind turbines and will be the first utility-scale project on U.S. Forest Service land in the country. Part of the project will be located near the existing Searsburg turbines and utilize shared roads to minimize the impact during construction.

“Avangrid Renewables is pleased to partner with the U.S. Forest Service, Green Mountain Power, and the local municipalities to bring more than $80 million of renewable energy investment into Vermont,” Avangrid Renewables executive Tim Seck said.

Deerfield is expected to become operational by the end of 2017.

“The Forest Service is very proud of the work that we have contributed through the planning and analysis phases of this project,” said John Sinclair, Forest Supervisor for the Green Mountain and Finger Lakes National Forests. “We look forward to our continued work with Avangrid and administering implementation of the project on the ground.”

The project has consistently received local support and representatives from the local select boards were also in attendance.

“This project is a welcomed renewable energy option that will be beneficial to Readsboro from a revenue standpoint of approximately $150,000 per year, and from an economic standpoint with job creation both during construction and operational and maintenance on a permanent basis,” said Rebecca Stone, a Readsboro town official.

Avangrid Renewables was formerly known as Iberdrola Renewables.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a diversified energy and utility company with more than $30 billion in assets and operations in 25 states. The company operates regulated utilities and electricity generation through two primary lines of business. Avangrid Networks includes eight electric and natural gas utilities, serving 3.1 million customers in New York and New England. Avangrid Renewables operates 6.3 gigawatts of electricity capacity, primarily through wind power, in states across the United States. AVANGRID employs 7,000 people. The company was formed by a merger between Iberdrola USA and UIL Holdings Corporation in 2015. IBERDROLA S.A. (Madrid: IBE), a worldwide leader in the energy industry, owns 81.5% of AVANGRID. For more information, visit www.avangrid.com.

About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. (NYSE: AGR) and the U.S. renewable energy division of parent company IBERDROLA, S.A., an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables, LLC is headquartered in Portland, Ore., and has more than $10 billion of operating assets totaling more than 6,000 MW of owned and controlled wind and solar generation in 19 U.S. states. For more information, visit www.avangridren.com.

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