Avangrid and Xcel Energy Extend Offtake Agreement for 150 MW Power Project in the Midwest
IBERDROLA SA S/ADR (IBDRY)
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Source: Business Wire
Xcel Energy to continue receiving energy from MinnDakota, a 150 MW power project located on the Minnesota-South Dakota border ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that it extended its offtake agreement with Xcel Energy for electricity produced at Avangrid’s MinnDakota energy project. This extension of an existing Power Purchase Agreement (PPA) between the two companies will ensure MinnDakota continues to generate reliable energy for the region and support the local economy.“MinnDakota was a milestone project when it was built and it continues to generate safe, reliable, and affordable electricity today,” said Jose Antonio Miranda, Avangrid CEO. “Projects like MinnDakota help power thousands of homes and businesses each year, and contribute to the local community with jobs, tax revenue, and landowner lease payments. Our collaboration with Xcel Energy ensures these benefits will continue to support
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