edp announcement

EDPR informs about PPA secured for a solar project in the US

Wednesday, 03 May 2023

Madrid, May 3rd 2023: EDP Renováveis, S.A. (“EDPR”) has secured a 15-year Power Purchase Agreement (“PPA”) to sell the green energy produced by a 150 MWac solar project in the state of Texas, US. The project is expected to enter in operation in 2024.

EDPR has ~50% of the capacity secured out of the ~17 GW target additions for 2023-26 announced in EDPR Capital Markets Day in March 2023.

EDPR's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility, fostering the acceleration of the energy transition and the decarbonization of the economy.

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.

EDP Renováveis, S.A.