edpr announcement

EDP Renováveis informs about a PPA secured in Spain

Thursday 19, November 2020

Madrid, November 19th 2020: EDP Renováveis, S.A. (“EDPR”), through its subsidiary EDP Renovables España S.L.U., has secured a 15-year Power Purchase Agreement (“PPA”) with Novartis, a global medicines company, to sell electricity to be produced by a portfolio of 63 MW of renewable energy. The portfolio comprises a 36 MW wind farm project and a 27 MW solar power plant, that are expected to be installed in 2022/23.

With this new contract, in Spain, EDPR has already secured PPAs for projects totaling 229 MW to be installed from 2020 to 2023.

As of today, EDPR has secured 86% of the ~7.0 GW targeted wind and solar global capacity build-out for the 2019-2022 period, as communicated in the Strategic Update on March 2019. EDPR will continue to analyse and develop projects that meet its internal risk and profitability criteria.

EDP Renováveis, S.A.


Press Release