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.
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