EDP secures PPAs for a 240 MW Solar Park in Texas
EDP secures PPAs for a 240 MW Solar Park in Texas
Lisbon, April 11th, 2022:EDP - Energias de Portugal, S.A. (“EDP”), through its 74.98% owned subsidiary EDP Renováveis, S.A. (“EDPR”), has secured two long-term Power Purchase Agreements (“PPA”), in a total amount of 216 MWac to sell 90% of the clean energy produced by a 240 MWac solar park in Texas which is expected to enter in operation in late 2023.
With the execution of these two PPAs, EDP continues to increase its technological diversification with 3.7 GW of secured capacity in solar and an overall renewables’ secured capacity of 8.7 GW for 2021-25.
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, fostering the acceleration of the energy transition and the decarbonization of the economy.
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.