EDPR reaches 1,000 MW of new PPA in US in 2013
EDP Renováveis, SA (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, extended to 100 MW its Rising Tree North wind farm project located in the state of California, expected to be installed in 2014, and secured a new 20-year Power Purchase Agreement (“PPA”) to sell the renewable energy produced by the project extension (+20 MW).
Since the beginning of 2013 EDPR has already secured 1,000 MW of new PPAs, of which 250 MW for projects that were already in operation and 750 MW for new projects to be installed in 2014 and beyond.
The success of EDPR on securing new PPAs reinforces the low risk profile and provides solid visibility on the company’s growth prospects.
EDP Renováveis, S.A.