Iberdrola is to Build its First Onshore Wind Farm in Oklahoma and Expand its US Presence to 25 States

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced its first renewable energy project in Oklahoma. Pontotoc Wind, a 147.5 MW wind farm with 33 wind turbines, powering 40,000 homes, will be constructed in Pontotoc County, Oklahoma and expand Avangrid’s presence in the U.S. to 25 states.

“We are thrilled to be developing our first renewable energy project in Oklahoma, that will deliver clean, renewable, wind power to the Pontotoc County community along with jobs and local investment,” said Pedro Azagra, Avangrid CEO. “With Pontotoc Wind, we are helping to accelerate a clean energy transition in the state and across the U.S.”

Pontotoc Wind will generate about 500,000 MWh of power each year, enough energy to power more than 40,000 homes.

Construction is expected to begin in 2024 and will produce more than 200 jobs. Avangrid expects the project will contribute to the surrounding area for more than 20 years, including local jobs to support wind farm operations and other community investment. Additionally, Pontotoc Wind will contribute an estimated $25 million in property taxes over the life of the project, which benefits local schools and other services.

Avangrid worked closely with the U.S. Air Force for several years to carefully site the project in an area that protects the Air Force’s mission.

With more than 8.6 GW of installed renewable capacity, Avangrid is the third-largest renewable energy operator in the U.S. Once construction is complete on this project, Avangrid will have operations or assets across half the country.