Iberdrola in the US

Success and growth in the USA

We have positioned ourselves as one of the three largest renewable energy companies in the United States, with a presence in 25 states and more than 8,800 MW of renewable capacity in the country.

Iberdrola's history in the United States is a story of growth. In less than two decades, we have not only achieved a listing on the New York Stock Exchange, but also positioned ourselves as one of the largest electricity groups in the country. Now we continue to develop new projects and enter into long-term power purchase agreements (PPAs) to promote a sustainable, clean and environmentally friendly market.

Iberdrola, a leading USA energy company

Iberdrola has grown considerably in two decades of operating in the United States. Its subsidiary Avangrid*External link, opens in new window. is the leading sustainable energy company driving America's transition to a clean and connected future. It began trading on the New York Stock Exchange in 2015, is present in 25 states and manages more than 9,600 MW of generating capacity (over 8,800 MW renewable) and more than 170,000 kilometres of power lines across eight utilities in New York, Connecticut, Maine and Massachusetts, serving a population of 7 million people.

Avangrid's principal businesses are:

Networks. Avangrid Networks, a subsidiary of Avangrid, combines the resources and expertise of eight electricity and natural gas utilities to distribute quality energy to its customers.

Renewables. Avangrid is the third largest renewable energy company in the USA with a diverse portfolio of onshore and offshore renewable energy that it manages through its subsidiary Avangrid Renewables.

* AVANGRID, Inc. is 81.50 % owned by Iberdrola, S. A.

Some key figures

Data updated at the end of 2023.

8,833

MW installed renewable capacity

3,4

million supply points

First

large-scale offshore wind project in the country

97,075

GWh distributed energy

"Now more than ever, we need to advance energy independence and decarbonisation. Avangrid is ready to lead the United States towards a clean energy future and provide our customers with more secure, sustainable and affordable energy."

Ignacio S. Galán

Executive Chairman of Iberdrola

Our most emblematic projects and installations

Boosting ESG criteria in the US

At Iberdrola, we carry out our activities with the goal of creating sustainable value for all of our Stakeholders. We therefore align our strategy with the three pillars used internationally to measure the impact and sustainability of corporate work: environmental, social, and governance (ESG) factors, in order to contribute to achieving sustainable development. Here are some of Avangrid's ESG achievements and initiatives:

Avangrid has been included for the sixth consecutive year in the FTSE4Good index for ESG performance in 2023.

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The company has been recognised in 2023 as a Top Company for Workforce Equity and Mobility by JUST Capital for being a company committed to advancing racial equity and equal opportunity for all.

A diverse and committed team: Avangrid has a workforce of 7,579 employees at the end of 2022.

The company aims to increase purchases from diverse suppliers to $300 million annually and to achieve more than 35,000 hours of corporate volunteering by 2025.

Through the Avangrid Foundation, the subsidiary invests its resources in organisations and programmes that have a positive impact on the communities it serves.

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Avangrid has scholarships for students at risk of dropping out of university due to financial emergencies and specific programmes for young people to pursue engineering projects focused on energy and the environment.

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The company has several support programmes for vulnerable customers to reduce energy bills.

We continue to grow in the USA

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