Utility Avangrid launches onshore wind farm project in Oklahoma (updated)

Avangrid

30/01/2024 18:12

(Adds details)
       Jan 30 (Reuters) - Avangrid  AGR.N , the U.S. unit of
Spain's Iberdrola  IBE.MC , announced its first onshore wind
project in Oklahoma, a 147.5 MW wind farm with 33 turbines
called Pontotoc Wind, on Tuesday. 
    While the race to reduce the reliance on fossil fuels has
attracted investments in offshore wind farms, onshore wind
farms, which produce less power, are currently more profitable
in the United States. 
        Construction at Pontotoc Wind is due to begin in 2024
and once finished, will generate about 500,000 MWh of power each
year. 
  
        Another of Avangird's wind projects, an offshore joint
venture called Vineyard Wind, began generating power for the
first time this month. 
  
        The company is due to 
    re-bid its contracts
     to sell power from two other offshore wind farms in future
solicitations.
  

 (Reporting by Seher Dareen in Bengaluru; Editing by Shailesh
Kuber and Pooja Desai)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
70128, if within U.S. call +1 646 223 8780;))