EDP Renováveis enters the Brazilian solar energy market

edpr announcement

EDP Renováveis enters the Brazilian solar energy market

Thursday 20, September 2018

Madrid, September 20th 2018: EDP Renováveis, S.A. (“EDPR”), through its subsidiary EDP Renováveis Brasil, S.A. (“EDPR Brasil”), secured a 15-year private Power Purchase Agreement (“PPA”) to sell the energy to be produced by Pereira Barreto solar photovoltaic park, starting in the beginning of 2022. The project, located in the Brazilian State of São Paulo, has a total capacity of 199 MW.

With this contract EDPR enters the Brazilian solar energy market, while reinforcing and diversifying its presence in a market with a low risk profile, through the establishment of long term contracts, attractive renewable resources and solid prospects in the medium and long-term.

In Brazil, considering this new contract, EDPR has currently c.1 GW of renewable energy projects under construction and development, to start operations until 2024, all with long-term contracts secured.
 

EDP Renováveis, S.A.