EDP Renewables SA, through its fully owned subsidiary EDP Renewables North America, and Cleveland-Cliffs, an American flat-rolled steel company, have executed a 15-year power purchase agreement (PPA) for 180 MW of the 200-MW Headwaters III Wind Farm in Randolph County, Indiana. Headwaters III, located approximately 70 miles east of Indianapolis along the Ohio border, is anticipated to be operational in 2025 and will annually power the equivalent of more than 54,000 average Indiana homes.
Credit: EDP Renewables
“We are excited to begin our partnership with Cleveland-Cliffs to supply clean energy to support the production of American-made steel for a major American manufacturer. We look forward to the eventual operations of this third phase of the Headwaters Wind Farm, also made possible by our supportive partners in the Randolph County community,” said Sandhya Ganapathy, CEO of EDP Renewables North America. “This power purchase agreement underscores EDP Renewables’ sustained commitment to bringing more renewable projects to Indiana, a state that is a key contributor to clean energy buildouts and our overall commitment to the energy transition.”
EDPR NA has developed and will construct, own and operate Headwaters III, which is an extension of the operational 200-MW Headwaters I and the 198-MW Headwaters II wind farms in Randolph County. The project will create hundreds of jobs during peak construction and will employ local team members to operate and perform routine maintenance on the wind farm.
Additional economic benefits in the form of landowner payments, local government payments, and an increase of money spent at businesses in the vicinity of the project will be disbursed as a result of the wind farm’s entrance into Winchester and projected 30-year lifespan.
“A key priority of Cleveland-Cliffs’ greenhouse gas reduction strategy revolves around the efficient use of energy and clean energy. We are committed to the greening of the grid through renewable energy projects such as the Headwaters III Wind Farm,” said Lourenco Goncalves, chairman, president, and CEO of Cleveland-Cliffs. “This project is another step towards achieving Cleveland-Cliffs’ emission reduction goal of 25% by 2030 and will advance our portfolio of renewable energy initiatives that are additive to the power grid.”
News item from EDP Renewables North America
Filed Under: News, Projects
