EDP Renewables commissions its first wind farm in Italy
The wind farm is located in the province of Brindisi, in the region of Apulia and expected output is 40 GWh/year
Madrid, 4th December 2012: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has commissioned its first wind farm in Italy this weekend. The new wind farm is located in the town of Villa Castelli, which is in the province of Brindisi in the Apulia region, renowned for its olive plantations and the production of excellent quality olive oil.
The wind farm comprises 10 Vestas V90 wind turbines with a capacity of 2 MW each. The total installed capacity of the farm therefore stands at 20 MW. The connection infrastructure has been developed and implemented by EDPR, connecting the farm to the grid through the Brindisi-Taranto line. EDP Renewables expects the wind farm to generate an output of 40 Gwh/year.
This wind farm will be selling electricity through a visible remuneration scheme in place in Italy for the first 15 years of operation. Operators that connect to the wind farms before 30 April 2013 shall receive, in addition to the market price, tradable green certificates until the end of 2015 and a renewable premium afterwards. The average total wholesale plus green certificates price of the 2009-2011 period was €150.5/MWh.
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR), headquartered in Madrid, Spain, is a global leader in the renewable energy sector and the world’s third-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 11 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, Poland, Portugal, the UK and Romania). Energias de Portugal, S.A. (“EDP”), the majority shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP is Portugal’s largest industrial group and the only Portuguese company to form part of the Dow Jones Sustainability Indexes (World and STOXX).