NYSEG and RG&E to invest in infrastructure, energy efficiency, and storm resiliency projects for CLCPA-related programs across New York State
Investments are major part of Avangrid’s mission to contribute to the nation’s clean energy transition, with more than 8.6 Gigawatts of renewable energy in 24 States
BINGHAMTON, NY — October 10, 2023 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today its continued commitment to the nation’s clean energy transition. New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) will build on this commitment by proposing investments to construct and upgrade infrastructure, energy efficiency, and storm resiliency projects, to assist New York in meeting its ambitious Climate Leadership & Community Protection Act (CLCPA) goals to combat climate change.
These historic investments are at the center of Avangrid’s mission to contribute to the nation’s clean energy goals.
"Our continued commitment to play a major role in the nation’s clean energy goals demonstrates Avangrid’s unwavering dedication to accelerating the energy transition in the U.S.” said Pedro Azagra, Avangrid CEO. "By working together and investing in each state and with every project, Avangrid and our subsidiaries will continue to deliver clean, renewable power to our homes and businesses.”
“We are pleased to do our part to make our communities and our planet a little greener,” said Patricia Nilsen, president and CEO of NYSEG and RG&E. “These proposed investments will take the necessary steps to help the state realize its clean energy goals.”
More than $4 billion for clean energy and energy efficiency projects proposed throughout New York State will be a major component of New York’s CLCPA goals to increase renewable energy and reduce greenhouse emissions by 40 percent by 2030.
Avangrid has a capacity of 8.6 GW through its more than 70 wind and solar facilities in operation across the country, which generate the electricity equivalent to powering more than 2.8 million homes with clean and renewable energy. The Company operates a robust portfolio of 75 wind and solar facilities in the country and has a presence in 24 states. These facilities are not only helping states reach their environmental goals by generating clean electricity and reducing carbon emissions but are also constantly bringing important benefits to the communities by creating local jobs and boosting economic growth.
# # #