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Avangrid Signs First U.S. Virtual Power Purchase Agreement with Statkraft for Illinois Wind Park Renewable Energy.

Avangrid Inc (NYSE:AGR) has signed a virtual power purchase agreement (VPPA) with Statkraft AS that will see Avangrid receive Renewable Energy Certificates (RECs) from a 300-MW wind park in Illinois under a short-term arrangement. The purchase will be made under a virtual Power Purchase Agreement. This is the first such contract Statf has signed in the US market. The VPPA is tied to Avangerid’s Streator Cayuga Ridge South Wind South wind farm near the village of Odell in Illinois.

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