Avangrid Adds Facebook's Meta to List of U.S. Energy Clients

Avangrid Adds Facebook

March 22, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--After building out a strong presence on the U.S. East Coast, Avangrid Incorporated (NYSE:AGR) (Orange, Connecticut) announced this week it has signed a power purchase agreement (PPA) with Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California), the parent company of Facebook, to purchase renewable energy from True North, which is Avangrid's first solar project in Texas. Avangrid is the U.S.-based subsidiary of Iberdrola S.A. (Bilbao, Spain).

Industrial Info is tracking more than $11.3 billion worth of active projects across the U.S. featuring Avangrid's services. Of the Avangrid projects Industrial Info believes to have a high likelihood (81% or more) of beginning construction as planned, most of the related spending is along the U.S. West Coast.

Other companies featured: Canadian Solar Incorporated (NASDAQ:CSIQ) and LS Power Development LLC

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