EDP Renováveis S A : Renováveis, S.A. informs about California offshore wind auction
December 08, 2022 at 01:43 am EST
Share
Investors &
Analysts'
Briefing
Reuters: EDPR.LS
Bloomberg: EDPR PL
Ocean Winds awarded lease area to develop up to 2 GW floating offshore wind project in the US West Coast
Madrid, December 8th 2022: EDP Renováveis, S.A. ("EDPR") announces that Golden State Wind, a joint venture company 50:50 owned by Ocean Winds ("OW", the 50:50 Offshore JV owned by EDPR and Engie), and by the Canada Pension Plan Investment Board (CPP Investments), was awarded an 80,418-acre lease area for a price of $150.3 million, that could accommodate up to 2 GW of capacity in the Morro Bay area off the central coast of California.
The lease area was awarded in an auction for five offshore sites by the US Bureau of Ocean Energy Management (BOEM) and it is the first floating offshore wind lease sale in the country and the first on the West Coast.
With this announcement, EDPR, through its associated company OW, increases its visibility on growth in wind offshore gross capacity already operating, contracted or with grid connection rights granted to 16.6 GW, thereby enhancing and diversifying EDPR's long- term profitable growth options while maintaining a balanced risk profile.
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.
Investor Relations
Department
Tel. +34 900 830 004 ir@edpr.com
www.edpr.com
EDP Renováveis, S.A. Head office: Plaza de la Gesta, 2 33007 Oviedo, Spain
Share capital: €4,361,540,810 registered in the Commercial Registry Office of Asturias; item 3,671; book 177; sheet no. AS - 37,669; Tax No.A-74219304
Attachments
Original Link
Original Document
Permalink
Disclaimer
EDP Renovaveis SA published this content on 08 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2022 06:42:01 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. 
