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Avangrid’s True North Solar Project Begins Power Production
Slice of Energy Team
July 17, 2024
Key Highlights:
Avangrid’s True North solar project starts power production with 20 MW commissioned.
True North to become Avangrid’s largest solar power project and first in Texas.
Project supports Meta’s net zero commitment, powering its new data center.
Expected to generate over $40 million in property taxes supporting local services.
Avangrid has over 1,200 MW of wind capacity in Texas, contributing $100 million in property taxes.
Source (Business Wire)
Notable Quote:
“This is great news, not just for the on-time construction of True North, but for the state of Texas at large. Thanks to the diligent work of our team and our contractors, we are able to supply additional energy to the Texas electrical grid as we move into the summer months. I am happy to see this project moving forward as Avangrid continues on its mission to accelerate the clean energy transition across America.”
Our Take:
Avangrid's advancement in solar power production with the True North project signifies a pivotal step towards enhancing the renewable energy landscape in Texas and the broader U.S. This initiative not only underpins Meta’s ambitious net zero goals but also underscores Avangrid's commitment to sustainable energy solutions. The project’s substantial contribution to local economies through job creation and tax revenues further highlights the multifaceted benefits of investing in renewable energy infrastructure. As the energy sector continues to evolve, projects like True North will be instrumental in driving the clean energy transition, promoting economic growth, and supporting environmental sustainability.