CPS Energy to receive enough energy from Peñascal I Wind Power Project to power about 41,000 Texas homes on a hot summer day
Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced the signing of a Power Purchase Agreement (PPA) with CPS Energy, the nation's largest community-owned provider of electric and natural gas services, for a 161-Megawatt (MW) portion of Avangrid's Peñascal I wind farm in Kenedy County, Texas south of Baffin Bay.
This represents an extension and expansion of a previous 15-year agreement between the two companies for energy from Peñascal I. CPS Energy more than doubled its power offtake from the project – increasing from 77 MW to 161 MW – and will now receive almost 80% of the power generated there. Avangrid is supplying CPS Energy with enough energy from Peñascal I to power about 41,000 Texas homes.