EDP secures a PPA for a new wind farm in Brazil
EDP secures a PPA for a new wind farm in Brazil
Lisbon, November 28th 2019: EDP – Energias de Portugal, S.A. (“EDP”), through its 82.6% owned subsidiary EDP Renováveis, S.A. (“EDPR”), secured a 16-year private Power Purchase Agreement (“PPA”) to sell the energy to be produced by Catanduba. This wind farm is located in the Brazilian State of Rio Grande do Norte, has a total capacity of 96 MW and start of operations is expected for 2024.
In Brazil, considering this new contract, EDP has currently under development about 1.1 GW of wind and solar energy projects to start operations in 2021-2024, all with long-term PPAs secured.
With this outcome, EDP portfolio in Brazil is set to reach 1.5 GW by 2024, reinforcing EDP presence in a market with a low risk profile, through the establishment of long term PPAs, attractive wind resource and solid prospects for the renewables sector in the medium and long term.
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.