Madrid, May 17th, 2018: EDP Renováveis, SA (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, secured a 15-year Power Purchase Agreement (“PPA”) with a Commercial and Industrial (“C&I”) entity to sell the energy produced from its 50 MW Hidalgo II wind farm project.
Hidalgo II wind farm, located in the state of Texas, US, is contiguous with EDPR’s operational 250 MW Hidalgo wind farm. Hidalgo II wind farm is expected to start operations in 2019.
EDPR has already secured more than 1.6 GW of wind energy long-term agreements in the US for projects to be installed in 2016-2020.
With this new arrangement, EDPR has now contracted more than 90% of the 3.5 GW targeted global capacity additions for 2016-2020 period, as announced at EDP Group Capital Markets Day in May 2016.
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.
EDP Renováveis, S.A.