EDP Renováveis S A : EDPR secures a PPA for two solar projects in the U.S. totalling approximately 100 MW
October 13, 2020 at 02:00 pm EDT
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Madrid, October 13 2020: EDP Renováveis, SA ('EDPR'), a global leader in the renewable energy sector and one of the world's largest wind energy producers, through its fully owned subsidiary EDP Renewables North America LLC, has closed a 15-year Power Purchase Agreement ('PPA') to sell the energy produced by two solar PV plants totalling approximately 100 MW.
In detail, the projects are located in the U.S. state of Ohio and are expected to commence operations in 2022.
Given EDPR's current solar assets in operation and the 1.4 GW of new solar projects already contracted, EDPR's portfolio will increase its technological diversification and reach 1.6 GW of solar capacity build-out by 2022.
With this new agreement, EDPR has now secured 85% of the ~7.0 GW targeted wind and solar global capacity build-out for the 2019-2022 period, as communicated in the Strategic Update on March 12, 2019.
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.
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EDP Renovaveis SA published this content on 13 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2020 17:59:06 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. 
