EDPR Secures a 200 MW PPA for a New Solar Project in the USA

Madrid, Spain - EDP Renováveis, through its fully owned subsidiary EDP Renewables North America LLC, has executed a 15-year Power Purchase Agreement (PPA) to sell the energy produced by a 200 MW solar park.

The solar park, which is expected to commence operations in 2022, is located in the U.S. state of California.

Given EDPR’s current solar assets in operation and the 950 MW of solar projects already contracted, EDPR’s portfolio will increase its technological diversification and reach 1.1 GW of solar capacity build-out by 2022.

With this new agreement, EDPR has now secured 67 percent of the roughly 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.

As the company points out, EDPR's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive and innovative projects with long-term visibility.

Source: IWR Online, 29 Oct 2019