Madrid, September 30th, 2019: EDP Renováveis, S.A. (“EDPR”) has secured a Power Purchase Agreement (“PPA”) to sell the energy produced by a wind farm project of 100 MW. The contract is set in USD and for a 15-year minimum period.
The wind farm project, which is expected to begin operations in 2021, is located in a region with a strong wind resource in Mexico and has an expected load factor above 40%.
With this new agreement, EDPR has now contracted more than 50% of the ~7.0 GW targeted global capacity build-out for 2019-2022 period, as communicated in the Strategic Update on March 12, 2019.
EDPR's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive and innovative projects with long-term visibility.