Avangrid Announces Camino Solar, Its First Photovoltaic Project In California; Project Expected To Be Commercially Operational In 2025 And Will Generate $15.5M In Local Taxes During Its Lifetime
Portfolio Pulse from Benzinga Newsdesk
Avangrid has announced its first photovoltaic project in California, Camino Solar, which is expected to be commercially operational in 2025. The 57 MWdc project will generate enough electricity to equal taking more than 20,000 cars off the road and will create 100 jobs. It is also expected to generate $15.5M in local taxes during its lifetime.
August 23, 2023 | 3:03 pm
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Avangrid's announcement of its first photovoltaic project in California is a positive development for the company. The project, which will be operational in 2025, will generate significant local taxes and create jobs.
The announcement of Avangrid's first photovoltaic project in California is a significant step for the company in expanding its renewable energy portfolio. The project, which is expected to be operational in 2025, will not only generate significant local taxes but also create jobs, which could positively impact the company's reputation and stock price.
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IMPORTANCE 75
RELEVANCE 100