September 17, 2019 — Avangrid Renewables agrees to sell 50% interest in two operating wind and solar projects in Arizona to Axium Infrastructure

PORTLAND, Oregon — Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), reached agreement on September 13th with Axium Infrastructure to transfer 50% ownership of the Dry Lake II Wind Farm and 50% of the Copper Crossing Solar Project later this year. Avangrid Renewables developed, and currently owns and operates the two Arizona projects, with the long-term output of both projects under contract to Salt River Project (SRP).