Avangrid Renewables and PSE Announce Largest Solar Project in Washington
Lund Hill Project to Supply Green Direct Program
PORTLAND, Oregon — March 14, 2019 — Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and Puget Sound Energy (“PSE”), announced a solar power contract for the Lund Hill Solar Project, under development in Klickitat County, Washington. Avangrid Renewables is developing the 150 MW solar project, which would be the largest solar project in Washington. It would supply PSE’s innovative renewable energy product, Green Direct, which allows participants the ability to purchase 100 percent of their energy from dedicated, local, renewable energy resources.
PSE’s second round offering of the Green Direct program is already fully subscribed and will be a blend of wind and solar, with the Lund Hill Solar Project supplying the solar product. Lund Hill would represent an investment of more than $100 million by Avangrid Renewables, and PSE’s power purchase agreement (“PPA”) would cover the entire output of the solar project, which is still in development and anticipated to reach commercial operation in 2020. Lund Hill Solar would be located on approximately 1,800 acres, a mix of land leased from private landowners and the Washington Department of Natural Resources, the state’s first solar power land lease.
“This is an incredible example of the public and private sector coming together to transform the trajectory of renewable energy in Washington state,” said Gov. Jay Inslee, who announced last October that eight state agencies were joining the Green Direct program with a commitment to purchase more than one hundred million kWh of in-state wind and solar electricity by 2021. “This project will help us fight climate change, create clean energy jobs and save agencies thousands of dollars in energy costs. This is what Washington’s energy future is all about.”
The state of Washington is one of the largest customers in PSE’s Green Direct program, which has more than 40 customers signed up to receive the wind and solar power.
“Our objective is a better energy future for our customers and the communities we serve,” said David Mills, senior vice president of policy and energy supply at PSE. “Large business and municipal customers want a specific, local resource they can point to as the source of their clean energy. Green Direct, and our partnership with Avangrid Renewables, makes that possible.”
“Solar power is a win-win-win for the people of Washington,” said Commissioner of Public Lands Hilary Franz, the elected official who oversees the Washington State Department of Natural Resources. “It generates significant revenue for our schools while creating jobs and providing clean, affordable energy to our homes and businesses.”
“Customers like PSE and their Green Direct program are expanding the market for solar power in new parts of the country,” said Avangrid Renewables’ President and CEO Laura Beane. “Adding solar to our wind portfolio in Klickitat County builds on the positive impact in the local communities where we develop clean energy projects, which create long-term benefits for everyone in the area.”
About Puget Sound Energy: Puget Sound Energy is proud to serve our neighbors and communities in 10 Washington counties. We’re the state’s largest utility, supporting 1.1 million electric customers and 825,000 natural gas customers. For more about us and what we do, visit pse.com. Also follow us on Facebook and Twitter.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with $32 billion in assets and operations in 24 U.S. states. AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 3.2 million customers in New York and New England. Avangrid Renewables owns and operates 7.2 gigawatts of electricity capacity, primarily through wind power, with a presence in 22 states across the United States. AVANGRID employs approximately 6,500 people. AVANGRID supports the U.N.’s Sustainable Development Goals, and was awarded Compliance Leader Verification by Ethisphere, a prestigious third party verification of its ethics and compliance program. For more information, visit www.avangrid.com.
About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with one of the largest renewable asset bases of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.us.
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