Madrid, July 3rd 2018: EDP Renováveis, S.A. (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, secured four 15-year Power Purchase Agreements (“PPA”) with three Commercial and Industrial (“C&I”) entities to sell the energy produced from two wind farm projects, with a total capacity of 405 MW.
Wind farms are located in the State of Illinois and Indiana and are expected to start operations in 2019 and 2020, respectively.
With the execution of these agreements, EDPR has signed 2.1 GW of PPAs in the US, surpassing its goal of 1.8 GW of long-term wind energy agreements in the country for projects to be installed in 2016-2020. In addition, with these PPAs, EDPR has now contracted 3.6 GW of global capacity additions, exceeding the Business Plan target of 3.5 GW capacity additions for 2016-2020 period, as announced at EDP Group Capital Markets Day in May 2016.
The success of EDPR in securing new PPAs reinforces the company’s low risk profile and its growth strategy based on the development of competitive projects with long-term visibility.
EDP Renováveis, S.A.