July 10, 2024 Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced that it recently installed the "Golden Row" at its Powell Creek solar project in Putnam County, Ohio near Miller City. The Golden Row represents the first row of solar panels for which the rest of construction will be modeled after. With the Golden Row in place, Avangrid has continued work on site and installed more than 1,000 panels to date.
"I am excited to see that work at our Powell Creek solar project is off to a great start. This is a milestone worth celebrating because it will set the tone for the rest of our construction," said Pedro Azagra, Avangrid CEO. "Powell Creek is another great example of Avangrid executing on its plan to grow renewable energy generation, help the country meet ambitious clean energy goals, and accelerate the clean energy transition."
Powell Creek sits on land leased directly from landowners. It will ultimately have about 300,000 solar panels generating enough energy to power at least 30,000 homes each year. The project is supporting up to 400 jobs during construction, most of which are being filled by people who live in the region.
Avangrid expects the Powell Creek project will directly support the community through property tax and landowner payments. The nearby town of Miller City has also annexed the project area, enabling it to capture revenues that will support the construction of a new sewer line. Crucially, this will enable Miller City to begin to grow by adding new homes and development. Growth has historically been limited because the village's homes, businesses, and school are currently on individual septic systems.
"We've been trying to do this for a long time," said Miller City Mayor Jim Erford. "With Powell Creek, we are projected to expand our tax base by ten times and grow our town for the first time in many years. We are thrilled to bring new development, new families, and a new energy into the community we love so much."
Construction at Powell Creek began late last year. This is Avangrid's second renewable energy project in Ohio. Avangrid built the Blue Creek wind farm in 2012, which has a capacity of 304 MW and generates enough power for about 76,000 homes each year.
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies - a ranking of America's best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola's main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of 141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of 12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than 130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
