EDP is awarded with PPA for 120 MW wind project at the Chilean renewable auction
EDP is awarded with PPA for 120 MW wind project at the Chilean renewable auction
Lisbon, September 7th, 2021:EDP - Energias de Portugal, S.A. (“EDP”), through its 74.98% owned subsidiary EDP Renováveis, S.A. (“EDPR”), was awarded a 15-year Power Purchase Agreement (“PPA”) at the Chilean renewable auction, to sell the green energy produced by the 120 MW San Andres wind project, avoiding estimated annual emissions of over 90 thousand tons of CO2.
The San Andres wind project, located in La Araucania, Chile, is expected to enter in operation in 2025.
Following the successful entry in the Chilean market in May 2021, EDP has now 0.2 GW of secured capacity to be deployed in Chile until 2025.
EDP's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.
EDP – Energias de Portugal. S.A.