Iberdrola Subsidiary Signs Power Supply Contracts With Google
December 01 2017 - 4:09AM
Dow Jones News
By Alberto Delclaux
Iberdrola SA's (IBE.MC) U.S.-based subsidiary Avangrid
Renewables LLC said Thursday that it signed two power purchase
agreements with Google amounting to 196 megawatts of power.
Avangrid Renewables said that it will provide the Alphabet Inc.
(GOOGL) subsidiary with the whole output of two wind farms
currently under development in South Dakota.
The farms are expected to be in full construction by 2019 and
each one has a capacity of 98 megawatts.
No financial details were disclosed.
According to Spanish news service EFE, Avangrid Renewables'
investment in the wind farms will be in the range of $250
million.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
December 01, 2017 03:54 ET (08:54 GMT)
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