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Nike, Avangrid near settlement in $31M clean energy dispute

Dec 30, 2024•over 1 year ago

Contract Type

settlement

PennsylvaniaEnergyRenewable EnergyBiomass Energy

Description

Nike and Avangrid are reportedly close to settling a $31 million dispute over a Texas wind power contract. The dispute involves a 'virtual power purchase agreement' and the issue of 'price adders' following Winter Storm Uri in February 2021.

Company Information

Company

Avangrid and Statkraft

Location

Pennsylvania, United States

About

Avangrid, Inc. is a leading sustainable energy company and member of the Iberdrola Group. Statkraft is Europe’s largest producer of renewable energy.

Predictive Intelligence
Strategic

ML-powered predictions for Avangrid and Statkraft's next move

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