EDPR concludes a Build & Transfer agreement for a 302 MW wind farm project in the US
Madrid, December 30th 2021: Following the information released to the market on October 2019, EDP Renováveis, SA ("EDPR"), through its fully owned subsidiary EDP Renewables North America LLC, is pleased to announced the completion of a Build & Transfer Agreement with Northern Indiana Public Service Company LLC ("NIPSCO"). The agreement enabled the development and construction of EDPR's 302 MW Indiana Crossroads Wind Farm in the US state of Indiana, which has started operations in December 2021 when the Build & Transfer Agreement has been completed.
This transaction will contribute with c.€0.45 billion of Asset rotation proceeds and is within the context of the €8bn Asset rotation program for 2021-25 announced in EDPR Capital Markets Day, allowing EDPR to accelerate value creation while recycling capital to reinvest in accretive growth.
EDP Renováveis, S.A.
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
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EDP Renovaveis SA published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 17:56:06 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. 
