EDP secures PPA for a 204 MW wind project in the U.S.
EDP secures PPA for a 204 MW wind project in the U.S.
Lisbon, March 1st, 2021: EDP - Energias de Portugal, S.A. (“EDP”), through its subsidiary EDP Renewables North America LLC (“EDPR NA”), 100% owned by EDP Renováveis, S.A. (“EDPR”), which is 82.6% owned by EDP, has closed a 15-year Power Purchase Agreement (“PPA”) to sell the energy produced by a wind project totaling 204 MW.
In detail, the project is located in the U.S. state of Indiana and is expected to commence operations in 2023.
With this new agreement, EDP has now 2.3 GW of total capacity secured in the U.S. set to be operational from 2021 onwards.
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.