News
2024-06-05 15:00:00.0 - 2024-06-05 15:00:00.0 UTC +02:00Iberdrola extends its power purchase agreement with American CPS Energy
Iberdrola, through its US subsidiary Avangrid, has signed an extension of the long-term power purchase agreement (PPA)
Iberdrola, through its US subsidiary Avangrid, has signed an extension of the long-term power purchase agreement (PPA) it has with the US company CPS Energy. This agreement covers the purchase of almost 80% of the clean energy generated at the Peñascal onshore wind farm in Texas, approximately 161 MW.
This enables CPS Energy, the largest community provider of electricity and natural gas services in the country, to supply clean energy to some 41,000 homes in Texas and progresses with CPS Energy's Vision 2027 plan, which contemplates the retirement of 2,249 MW of conventional electricity generation before 2030.
You can read the full story in the Avangrid Newsroom.