Avangrid and Statkraft announced the signing of a Virtual Power Purchase Agreement, establishing a new relationship between the two companies in the United States. Statkraft will receive Renewable Energy Certificates from Avangrid’s 300 MW Streator Cayuga Ridge South Wind Farm in Illinois with this short term VPPA. This is the first agreement between the two companies in the U.S. market. Statkraft and Iberdrola, S.A., Avangrid’s parent company, have a Power Purchase Agreement in place for energy produced at Iberdrola’s Korytnica II wind farm in Poland.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGR:
- Avangrid receives federal Record of Decision for New England Wind
- Avangrid announces construction of fifth wind farm in Illinois
- Avangrid downgraded to Sell from Neutral at Janney Montgomery Scott
- Avangrid receives ‘take private’ proposal from Iberdrola, S.A.
- Avangrid Contemplates Major Takeover Bid by Iberdrola