EDP Renewables (EDP Renewables, Euronext: EDPR), a global leader in the renewable energy sector and the world's third-largest wind energy producer, through its fully owned subsidiary EDP Renewables North America LLC, signed a 20-year Power Purchase Agreement ("PPA") with Kansas City Power & Light Company to sell the renewable energy produced from its 200 MW Waverly wind farm project to be installed in the state of Kansas and expected to start selling electricity under the PPA in 2016.
Since the beginning of 2013 EDPR has already secured 1,200 MW of new PPAs, of which 250 MW for projects that were already in operation and 950 MW for new projects to be installed in 2014 and beyond.
The success of EDPR in securing new PPAs reinforces the company's low risk profile and provides solid visibility to its growth prospects.
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR), headquartered in Madrid, Spain, is a global leader in the renewable energy sector and the world's third-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 11 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, Poland, Portugal, the UK and Romania). Energias de Portugal, S.A. ("EDP"), the majority shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP is Portugal's largest industrial group and the only Portuguese company to form part of the Dow Jones Sustainability Indexes (World and STOXX).