LA CROSSE, Wis., May 23, 2019 /PRNewswire/ -- Dairyland Power
Cooperative has finalized a power purchase agreement with Avangrid
Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), for 52
megawatts (MW) of renewable energy from the Tatanka Ridge Wind Farm
proposed for Deuel County, SD,
northeast of Brookings.
Dairyland's portion of
Tatanka Ridge's output would
represent enough renewable energy to power approximately 16,000
homes. Avangrid Renewables is the owner and developer of the
facility.
"Diversifying our generation mix is a key strategic priority for
Dairyland and our cooperative
membership. Tatanka Ridge will
significantly increase our investment in sustainable, renewable
energy," said Rob Palmberg,
Dairyland Vice President, Strategic Planning. "Dairyland has collaborated twice with Avangrid
Renewables on existing wind energy projects and we are excited to
work together again."
The 154.8 MW Tatanka Ridge would encompass approximately 18,000
acres of primarily corn and soybean farms and cattle ranches,
leased from more than 100 landowners. Between land lease payments
and taxes, the wind farm would inject $1.7
million of economic benefits annually. The project will
generate wind energy from 56 GE wind turbines, with construction
anticipated to begin later this year. Commercial operation is
expected by year-end 2020.
"Repeat customers like Dairyland understand how these partnerships
and projects create long-term positive impacts in the communities
where we build," said Barrett
Stambler, Avangrid Renewables' Vice President of
Origination. "Helping to diversify their generation portfolio with
clean, competitive energy supply will also deliver new
investment in South Dakota."
About Dairyland Power Cooperative:
Dairyland, a Touchstone Energy
Cooperative, was formed in December
1941. Headquartered in La Crosse,
Wis., Dairyland provides
the wholesale electrical requirements for 24 distribution
cooperatives and 17 municipal utilities. These cooperatives and
municipals, in turn, supply the energy needs of more than a
half-million people in the four-state service area. For more
information, visit www.DairylandPower.com.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a
leading, sustainable energy company with approximately $32 billion in assets and operations in 24 U.S.
states. AVANGRID has two primary lines of business: Avangrid
Networks and Avangrid Renewables. Avangrid Networks owns eight
electric and natural gas utilities, serving 3.2 million customers
in New York and New England.
Avangrid Renewables owns and operates 7.1 gigawatts of
electricity capacity, primarily through wind power, with a presence
in 22 states across the United
States. AVANGRID employs approximately 6,500 people.
AVANGRID supports the U.N.'s Sustainable Development Goals and was
named among the World's Most Ethical Companies in 2019 by the
Ethisphere Institute. For more information, visit
www.avangrid.com.
About Avangrid Renewables: Avangrid
Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the
IBERDROLA Group. It is a leading renewable energy company in
the United States, owning and
operating a portfolio of renewable energy generation facilities
primarily using wind power. IBERDROLA, S.A., is an energy pioneer
with one of the largest renewable asset bases of any company in the
world. Avangrid Renewables is headquartered in Portland, Oregon. For more information,
visit
www.avangridrenewables.com.
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SOURCE Dairyland Power Cooperative