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Avangrid and Statkraft sign US power purchase agreement

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Avangrid and Statkraft sign US power purchase agreement | Windpower Monthly

Avangrid and Statkraft have signed a short-term virtual power purchase agreement (vPPA) in the US. Statkraft will get renewable energy certificates from Avangrid’s 300-MW Streator Cayuga Ridge South Wind Farm in Illinois with the vPPA.

It is the first agreement between the two companies in the US market.

Statkraft and Iberdrola, Avangrid’s parent company in Spain, also have a power purchase agreement (PPA) in place for energy produced at Iberdrola’s Korytnica II wind project in Poland.

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