EDP SECURES PPAs FOR TWO SOLAR PROJECTS IN THE U.S. TOTALLING 275 MW
EDP SECURES PPAs FOR TWO SOLAR PROJECTS IN THE U.S. TOTALLING 275 MW
January 4th, 2021: EDP - Energias de Portugal, S.A. (“EDP”), through its 82.6% owned subsidiary EDP Renováveis, S.A. (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, has closed two 15-year Power Purchase Agreement (“PPA”) to sell the energy produced by two solar PV plants totalling 275 MW.
In detail, the projects located in the U.S. states of Mississippi and Indiana, are expected to commence operations in 2023.
With this new agreement, EDP has now globally 2.0 GW of total solar PV capacity secured for the 2020-2023 period.
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.