EDP Renováveis S A : EDPR informs about PPA secured for 200 MW solar project in the US
August 01, 2022 at 06:15 am EDT
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Madrid, August 1st 2022: EDP Renováveis, S.A. ("EDPR") has secured a long-term Power Purchase Agreement ("PPA") to sell the clean energy produced by a 200 MWac solar capacity for a project in the US.
The project is located in the state of California, and apart from the 200 MWac of solar technology the project also has 150 MW of storage. The project is expected to enter operation in 2024.
With this new project, EDPR has now 10.8 GW secured out of the 20 GW target additions for 2021-25 announced in EDPR Capital Markets Day in February 2021. Additionally, this transaction enables EDPR to reach 5 GW of solar capacity secured for 2021-25 - both utility-scale and distributed - which compares with the 9 GW target for solar technology for the 2021-25 period.
EDPR's success 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.
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EDP Renovaveis SA published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 10:13:48 UTC.
EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific.
Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen.
EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index.
EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.
EDP RENOVÁVEIS, S.A. 
