EDP Renewables North America, a subsidiary of EDP Renovaveis (EDPR), has signed a 20-year power purchase agreement (PPA) for the output of a 75-MW wind farm project in Indiana, scheduled to start operations in 2018.
Meadow Lake Wind Farm consists of four phases and is located in northwestern Indiana in White County. According to EDPR, the site offers many advantages, including a strong, proven wind resource, excellent access to a transmission line, compatibility with existing land uses, and proximity to power markets.
With this new deal, EDPR says it now has a PPA portfolio of 1.1 GW of renewables in the U.S., to be installed between 2016 and 2020. The company attributes its success in securing PPAs to its low-risk profile and its growth strategy.
EDPR is also targeting 1.8 GW of projects in the U.S. by the end of the decade and it has already secured 60% of that goal.