EDPR informs about PPA secured for a 180 MW solar project in the US
Madrid, October 16th 2023: EDP Renováveis, S.A. (“EDPR”) has secured a 15-year Power Purchase Agreement (“PPA”) with a multinational retail corporation to sell the green energy produced by 162 MWac out of a 180 MWac solar project in the state of Texas, US. The project is expected to enter in operation in 2025.
This PPA supports EDPR’s value creation thresholds, and with it EDPR has now ~55% 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.