Avangrid Renewables Signs PPAs with Google for Total Output of Two South Dakota Wind Farms

PORTLAND, Ore.–(BUSINESS WIRE)–#avangrid–Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE:AGR) announced
today that it has signed its first major wind contracts with Google, a
subsidiary company of Alphabet (NASDAQ: GOOGL), for 196 megawatts of new
South Dakota wind power.

The power purchase agreements will cover the full output of Avangrid
Renewables’ Coyote Ridge and Tatanka Ridge Wind Farms in Brookings and
Deuel counties, each 98 MW, just northeast of Brookings, east of I-29.
The two wind farms would produce enough energy each year to power the
equivalent of more than 50,000 average households with clean, homegrown
energy. Once the wind farms come online, the additional capacity will
help Google reach its goal of purchasing enough renewable energy to
match its energy consumption for global operations.

“Renewables from projects like Coyote Ridge and Tatanka Ridge bring
value to our business as we scale and accelerate investment in the
communities where we operate,” said Gary Demasi, Google's director of
global infrastructure. “With solar and wind declining dramatically in
cost and propelling significant employment growth, the transition to
clean energy is driving unprecedented economic opportunity and doing so
faster than we ever anticipated.”

Avangrid Renewables anticipates that the two wind farms would contribute
more than $40 million over their lifetimes in combined land lease and
tax payments.

“Working with partners like Google who have made a commitment to 100%
renewable energy for their global operations is exciting and inspiring,”
said Avangrid Renewables President and CEO Laura Beane. “This
partnership creates a positive impact in these local communities,
delivering jobs, new investment and economic development for rural
America while advancing our country’s energy independence.”

In addition to these new projects, Avangrid Renewables already owns and
operates the 210 MW Buffalo Ridge II project in Brookings and Deuel
counties, the 50.4 MW Buffalo Ridge I project southeast of the proposed
Coyote Ridge project, and 50 MW from the 150 MW MinnDakota Wind Farm in
Brookings County. Upon commercial operation for Coyote Ridge and Tatanka
Ridge, the company will own and operate more than 500 MW of wind power
in South Dakota. Avangrid Renewables is finalizing its development work
at the Coyote Ridge and Tatanka Ridge projects and expects to be in full
construction by 2019.

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) and part of the IBERDROLA
Group. IBERDROLA, S.A., is an energy pioneer with the largest renewable
asset base of any company in the world. Avangrid Renewables, LLC is
headquartered in Portland, Ore., and recently changed its legal name
from Iberdrola Renewables, LLC. For more information, visit www.avangridren.com.

Contacts

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