Statkraft and Avangrid sign second VPPA in nine months

Avangrid, Inc., a sustainable energy company, and Statkraft, a hydropower company, announced that they have signed a short-term virtual power purchase agreement (VPPA).

According to the agreement, energy will be provided from Avangrid’s 35-megawatt (MW) Casselman wind farm, which is located about 60 miles southeast of Pittsburgh.

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Located on and near a rehabilitated surface mine, the facility consists of 23 wind turbines and has a total capacity of 35 MW.

Apart from providing renewable energy, the facility will also generate jobs in the region.

This is the second VPPA between the two companies in nine months, following an earlier agreement for energy from Avangrid’s 300 MW Streator Cayuga Ridge South wind farm in Illinois.

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“We are happy to continue building our U.S. relationship with Statkraft, a clean energy leader that aligns with our sustainability goals at Avangrid,” said Pedro Azagra, the CEO of Avangrid.

He added, “This is further proof of an interested market for our productive merchant assets as we manage risk within our existing portfolio of projects. Additionally, partners like Statkraft are key to executing on our commitment to accelerating the clean energy transition.”

Statkraft and Iberdrola, S.A., Avangrid’s parent company, have a Power Purchase Agreement (PPA) in place for energy produced at Iberdrola’s Korytnica II wind farm in Poland.