Intel procures renewable electricity from Avangrid's solar projects via Portland General Electric's Green Future Impact programme

This announced Power Purchase Agreement (PPA), slated for formal announcement on March 6, 2026, signifies Intel's commitment to procuring renewable electricity. Through this deal, Intel, a major technology company, will source solar power from Avangrid's Daybreak Solar and Bakeoven Solar projects. The electricity will be delivered via Portland General Electric's (PGE) Green Future Impact (GFI) programme, a utility-led initiative designed to enable large customers to access renewable energy. This collaboration highlights a strategic alignment between a corporate energy buyer, a renewable energy developer, and a facilitating utility to advance clean energy goals. The deal is notable for several reasons. It underscores the growing trend of major corporations like Intel leveraging utility-sponsored programs to meet their sustainability objectives and reduce their carbon footprint. The involvement of Avangrid, a diversified energy company, as the developer of the solar assets, and PGE, a vertically integrated utility, as the program facilitator, demonstrates a multi-stakeholder approach to renewable energy procurement in the United States. While specific capacity and financial terms remain undisclosed, the PPA structure is a common and effective mechanism for securing long-term renewable energy supply, providing revenue certainty for developers and price stability for off-takers. This transaction takes place within a dynamic US renewable energy market characterized by increasing corporate demand for clean power. Corporate PPAs have become a significant driver of new renewable energy development, with utilities often playing a crucial role in integrating these projects into the grid and offering tailored programs like PGE's GFI to streamline procurement for large commercial and industrial customers. The solar sector, in particular, continues to expand rapidly, supported by technological advancements and favorable economic conditions, making deals like this a key component of the broader energy transition.