EDPR secures PPA for new 100 MW wind farm in the US to be installed in 2015
EDP Renováveis, SA (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, secured a 20-year Power Purchase Agreement (“PPA”) to sell the renewable energy produced from its 100 MW Rising Tree South wind farm project located in the state of California, expected to be installed in 2015.
Since the beginning of 2013 EDPR has already secured 980 MW of new PPAs, of which 250 MW for projects that were already in operation and 730 MW for new projects to be installed in 2014 and beyond.
EDPR continues to execute a flexible business and adjusting growth to most attractive countries. The development of wind energy in the US has been experiencing a more favourable environment following the extension in January 2013 of the Production Tax Credits (“PTC”) and is creating new growth opportunities for EDPR.
EDP Renováveis, S.A.