Puget Sound Energy and Avangrid Renewables Announce Power Purchase Agreement; Construction of New Wind Farm

Avangrid Renewables to supply PPA from new 200 MW wind farm in Sherman County, Oregon

Submitted by Puget Sound Energy

Puget Sound Energy (PSE) and Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), today announced an agreement that will be supplied by a new 200 megawatt wind farm, enough energy to power over 60,000 homes on an annual basis. The wind farm will be built by Avangrid Renewables in Sherman County, Oregon. The Golden Hills Wind Farm will be Avangrid Renewables’ 13th in the Pacific Northwest and an important step toward realizing the company’s nearly 19 gigawatt project pipeline. The project will help PSE meet its goals to reduce carbon dioxide emissions while providing additional capacity to serve customers, particularly during winter periods of high electricity demand.

This agreement is part of PSE’s commitment to the environment and deep decarbonization by investing in more wind energy. PSE selected this project as part of the mix to meet the needs identified in its 2018 all source RFP. The addition of the Golden Hills wind project will increase PSE’s owned and contracted wind fleet to over 1,150 megawatts. These wind facilities form a key component in PSE’s clean energy strategy and progress towards Washington State’s clean energy goals.

“We are pleased to partner with Avangrid Renewables to continue to build on our history of championing renewable energy in the Pacific Northwest,” said David Mills, PSE Senior Vice President and Chief Strategy Officer. “This new wind project will enable us to continue to provide clean, reliable electric service to all of our customers.”

“The Golden Hills Wind Farm builds upon our strong track record of successful renewable energy projects in the Pacific Northwest,” said Alejandro de Hoz, President and CEO of Avangrid Renewables. “We are proud to continue to lead the region’s clean energy transition and provide long-term economic opportunities in rural communities.”

The Golden Hills Wind Farm will be located near the town of Wasco, Oregon. Avangrid Renewables expects to complete the project by late 2021. The turbines will be spread across approximately 28,000 acres of grazing and dry-land wheat farmland held by 37 landowners.

The project is expected to deliver substantial economic benefits to the region both during construction and on an ongoing basis once operational. An estimated 250 jobs will be created or supported during the construction phase, and the facility will employ approximately 12 full time employees once it becomes operational. Golden Hills is expected to deliver over $220 million in landowner payments and local taxes over the lifetime of the project, providing a valuable source of revenue to local economies.

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