Avangrid and Statkraft Sign Second VPPA in Nine Months, With Statkraft Purchasing Energy from Avangrid's 35 MW Casselman Wind Farm in Pennsylvania
Portfolio Pulse from Benzinga Newsdesk
Avangrid and Statkraft have signed their second Virtual Power Purchase Agreement (VPPA) in nine months. Statkraft will purchase energy from Avangrid's 35 MW Casselman Wind Farm in Pennsylvania.
August 15, 2024 | 3:02 pm
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Avangrid has signed a second VPPA with Statkraft in nine months, involving the sale of energy from its 35 MW Casselman Wind Farm in Pennsylvania.
The signing of a second VPPA in a short period indicates strong demand for Avangrid's renewable energy, which is likely to positively impact its stock price in the short term.
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