EDP Renováveis S A : EDPR is awarded with 25 MW for a PV project located in Hungary
December 16, 2021 at 06:19 am EST
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EDPR is awarded with 25 MW for a PV project located in Hungary
Jueves16, Diciembre 2021
Renewable Energy
The company has secured a Contract-for-Difference ("CfD") for a period of 15 years.
The project is expected to proceed for construction during 2022 with commercial operation expected in Q4 2023.
EDPR reaches 75 MW in Hungary, after entering this market last February with a 15-year CfD totalling 50 MW.
EDP Renewables (Euronext: EDPR), the world's fourth largest renewable energy producer, has been awarded with 25 MW for its Nyirseg PV project located in Hungary. The award means that the project will benefit from a CfD valued at 15.73 HUF/MWh (circa 42.5€/MWh) for a period of 15 years.
The construction of the project will start during 2022, with commercial operation expected in Q4 2023.
Miguel Stilwell d'Andrade, EDPR and EDP Group CEO, states: EDPR has secured new capacity in Hungary, which reinforces our ambition to continue to grow in this European region. Moreover, the fact that these new projects are solar PV parks highlights our strategy of technological diversification on the way to the energy transition, which will undoubtedly benefit Hungarian society.
EDPR confirms its growth strategy in Hungary reaching 75 MW in this market. The company entered the country last February with a 15-year CfD to sell energy produced by another solar PV project totalling 50 MW.
The company's success in securing new long-term contracts reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.
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EDP Renovaveis SA published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2021 11:18:04 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. 
