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EDP Renováveis secures new PPA for 101 MW in US

EDP Renováveis secures new PPA for 101 MW in US

Madrid, September 14th 2011: EDP Renováveis, SA (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, signed a 19-year Power Purchase Agreement (“PPA”) with Tennessee Valley Authority to sell the renewable energy produced by its 101 MW Lost Lakes wind farm in Iowa, US. With this PPA, the output of the Lost Lakes wind farm, in operation since 2009, is fully contracted through a longterm agreement.

This new long-term contract enables EDPR to reduce its merchant exposure in the US to 663 MW, which represents only 9% of EDPR’s total installed capacity as of June 2011.

EDP Renováveis secures new PPA for 101 MW in US