Renewables' largest turbine suppliers are Siemens-Gamesa and GE Wind, which together accounted for 69% of the company's installed wind capacity as of December 31, 2023. The company maintains relationships with Siemens-Gamesa, GE, and Vestas to identify turbine technology aimed at minimizing energy costs for each project. Renewables owns two thermal generation facilities in Klamath Falls, Oregon, with a combined nameplate capacity of 636 MW. The company develops wind and solar projects across the United States, utilizing atmospheric and terrain analyses to optimize site selection and technology. Renewables has entered into tax equity financing arrangements with third-party investors to monetize tax benefits from wind and solar projects, while retaining operational and management control, subject to investor approval of major decisions.
Avangrid Inc's Comment on Supply Chain
Renewables' largest turbine suppliers are Siemens-Gamesa and GE Wind, which together accounted for 69% of the company's installed wind capacity as of December 31, 2023. The company maintains relationships with Siemens-Gamesa, GE, and Vestas to identify turbine technology aimed at minimizing energy costs for each project. Renewables owns two thermal generation facilities in Klamath Falls, Oregon, with a combined nameplate capacity of 636 MW. The company develops wind and solar projects across the United States, utilizing atmospheric and terrain analyses to optimize site selection and technology. Renewables has entered into tax equity financing arrangements with third-party investors to monetize tax benefits from wind and solar projects, while retaining operational and management control, subject to investor approval of major decisions.
Sources:
Avangrid Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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