Avangrid and Statkraft sign second Virtual Power Purchase Agreement (VPPA) in past nine months

Avangrid, Inc. (NYSE: AGR), a leading renewable energy company and member of the Iberdrola Group, and Statkraft, Europe’s largest renewable energy producer, today announced the signing of a short-term Virtual Power Purchase Agreement (VPPA) for power from Avangrid’s 35 MW Casselman wind farm in Pennsylvania. This is the second such deal between the two companies in the past nine months as they deepen their growing relationship in the United States.

Earlier this year, Avangrid and Statkraft announced a short-term VPPA for Avangrid’s 300 MW Streator Cayuga Ridge South wind farm in Illinois. Statkraft and Iberdrola, SA, Avangrid’s parent company, have a Power Purchase Agreement (PPA) for power produced at Iberdrola’s Korytnica II wind farm in Poland.