EDPR secures PPA for new 250 MW wind farm
EDP Renováveis, SA (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, secured a 15-year Power PurchaseAgreement (“PPA”) to sell the renewable energy produced from its 250 MW Number Nine wind farm project located in the state of Maine, expected to start selling electricity under the PPA in 2016.
Since the beginning of 2013 EDPR has already secured 880 MW of new PPAs, of which 250 MW for projects that were already in operation and 630 MW for new projects to be installed post-2014.
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 on the short-term.