EDP Renováveis is awarded long-term CfD for 45MW of wind at Greek energy auction
EDP Renováveis is awarded long-term CfD for 45MW of wind at Greek energy auction
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. (“EDP”) is providing the following information to the market:
EDP Renováveis, S.A. (“EDPR”), 82.6% controlled by EDP, announced today that it has secured 20-year Contract-for-Difference (“CfD”) at the Greek energy auction to sell electricity produced by Livadi 45 MW wind farm, located in Central Greece and with expected commercial operation in 2020.
With this new contract, EDPR increases its European footprint by entering in a new market with a sustainable development of its Renewable Energy Source. The auction had a total capacity of 176 MW of which EDPR was awarded c.25%.
As part of its growth strategy, EDPR continues to study worldwide opportunities while developing profitable projects focused in countries with low risk profile and regulatory stability.
EDP – Energias de Portugal, S.A.
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