EDP Renewables (EDPR), through its fully-owned subsidiary EDP Renewables North America, has secured two Power Purchase Agreements to sell the energy produced from its Broadlands wind farm project.
Broadlands wind farm is located in the state of Illinois, with start of operations expected for 2019.
A 15-year PPA for 50 MW has been secured with a Commercial & Industrial entity. In addition, a 20-year PPA for 100 MW has been secured with Wabash Valley Power Association.
And, with these new arrangements, EDPR has now contracted 90% of the 3.5 GW targeted global capacity additions for the 2016 to 2020 period, as announced at EDP Group Capital Markets Day in May 2016. 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.
Filed Under: Financing, News, Projects