EDP Renováveis, SA (EDPR), through its fully owned subsidiary EDP Renewable North America LLC, recently signed a 15-year Power Purchase Agreement (PPA) to sell the energy produced by a 200-MW wind farm in the state of Iowa. The wind farm’s start of operation is expected in 2018.
With this new arrangement, EDPR has signed 1.0 GW of PPAs in the U.S. for projects to be installed between 2016 and 2020, securing more than half of the 1.8 GW of target capacity of additions planned in the United States.
The success of EDPR in securing new PPAs reinforces the company’s low-risk profile and its growth strategy based on the development of competitive projects with long-term visibility.
Filed Under: News, Projects