Avangrid Renewables Signs PPA with Nike for Portion of New Texas Gulf Coast Wind Farm

PORTLAND, Ore.–(BUSINESS WIRE)–#avangrid–Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR)
announced today that it has signed its second major wind contract with
Nike, this time for 86 megawatts of Texas wind power.

The power purchase agreement (PPA) will cover the remaining portion of
Avangrid Renewables 286 megawatt Karankawa Wind Farm in Bee and San
Patricio counties, just east of Mathis, Texas, along I-37. Previously
Austin Energy announced its own Karankawa related PPA with Avangrid
Renewables for 200 megawatts. The Karankawa wind farm will produce
enough energy each year to power the equivalent of more than 75,000
average households with carbon free energy.

“Working with partners like Nike who have relentless focus on driving
the development and availability of renewable energy is exciting and
inspiring,” said Barrett Stambler, Avangrid Renewables Vice President of
Origination. “This partnership allows us to have a very positive impact
in the local communities where we own and operate these wind farms,
creating jobs & economic development for rural America and advancing our
country’s energy independence.”

“With this agreement, Nike will source 100% renewable energy across our
owned or operated facilities in North America,” said Hannah Jones,
Nike’s Chief Sustainability Officer and VP, Innovation Accelerator.
“Moreover, we will deliver on more than 50% of our commitment to source
100% renewable energy in our owned or operated facilities worldwide by
the end of FY25. Investing in renewable energy is good for athletes, the
planet and for business, and we will continue to drive collaboration to
accelerate a low-carbon growth economy.”

Avangrid Renewable’s previous PPA with Nike involved three Columbia
Gorge based wind farms delivering 100% renewable energy to its worldwide
headquarters near Beaverton, OR and nearly all of its Oregon based
facilities.

In addition to this new project, Avangrid Renewables already owns and
operates the 605 MW South Texas Coast Complex along the Gulf
Intracoastal Waterway and the 120 MW Barton Chapel Wind Farm in Mid-West
Texas. Upon Karankawa’s COD, the company will own and operate more than
a gigawatt of commercial wind power in Texas. Avangrid Renewables is
finalizing its development work with the local Texas counties where
Karankawa will reside and plans to start construction in the Fall of
2018.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a diversified
energy and utility company with more than $31 billion in assets and
operations in 27 states. The company owns regulated utilities and
electricity generation assets through two primary lines of business,
Avangrid Networks and Avangrid Renewables. Avangrid Networks is
comprised of eight electric and natural gas utilities, serving
approximately 3.2 million customers in New York and New England.
Avangrid Renewables operates more than 6 gigawatts of owned and
controlled renewable generation capacity, primarily through wind and
solar, in 22 states across the United States. AVANGRID employs
approximately 6,800 people. For more information, visit www.avangrid.com.

About Avangrid Renewables: Avangrid Renewables, LLC is a
subsidiary of AVANGRID, Inc. (NYSE: AGR) is an energy pioneer with the
largest renewable asset base of any company in the world. Avangrid
Renewables, LLC is headquartered in Portland, Ore. For more information,
visit www.avangridren.com.

Contacts

Media:
Avangrid Renewables
Art Sasse,
503-796-7740
[email protected]