Avangrid Renewables Announces Contract with T-Mobile

Avangrid Renewables Announces Contract with T-Mobile   
Otter Creek Wind Farm in Illinois has achieved commercial operation.

PORTLAND, Ore. — April 21, 2020 — Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and T-Mobile US, Inc. (NASDAQ: TMUS), announced a long-term contract for the Otter Creek Wind Farm in LaSalle County, Illinois and a purchase of national renewable energy credits. The 158 megawatt (MW) wind farm achieved commercial operation on March 1, 2020 and is expected to generate more than 504,100 megawatt hours (MWh) annually, or enough to power roughly 60,000 typical Illinois homes in a year. 

“T-Mobile is all in on our commitment to using 100% renewable energy to offset the environmental impact of our operations — it’s the right thing to do for our business and our planet,” said Mike Sievert, CEO at T-Mobile. “As the supercharged Un-carrier, T-Mobile will not just be a bigger company, but a better company — and sustainability partners like Avangrid Renewables are critical to achieving our goal of helping us clean up wireless for good!”

“Working with a company like T-Mobile, which is so committed to expanding clean energy, is inspiring and is helping to drive new investments like this one in rural communities,” said Alejandro de Hoz, President and CEO of Avangrid Renewables. “Our third wind farm in Illinois will mean tremendous long-term benefits for the people of LaSalle County, and T-Mobile’s sustainability initiatives helped make that happen.” 

The Otter Creek Wind Farm is spread over 10,000 acres of land, mostly used to grow corn and soybeans, leased from 76 landowners. It will feature 38 Vestas 3.8 MW wind turbines and 4 Vestas 3.45 MW turbines. The construction effort has resulted in nearly $12 million in local spending, and more than 200 workers on the site. Landowner lease and neighbor payments are expected to total roughly $650,000 in the first year of operation, and more than $30 million over 25 years. New tax revenue is expected to exceed $1.1 million in the first year and total roughly $17 million over 20 years. 

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