EDP Renováveis informs about a Build and Transfer Agreement in the U.S.
Madrid, March 22nd, 2021: EDP Renováveis, S.A. (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, has signed a Build & Transfer Agreement with Northern Indiana Public Service Company LLC (“NIPSCO”).
The agreement enables the development and construction of EDPR’s 200 MWac Indiana Crossroads Solar Park in the U.S. state of Indiana, which is expected to reach COD by 2022, when the Build & Transfer agreement would be completed.
With this agreement, EDPR has now 2.5 GW of capacity secured in the U.S. which will enter in operation from 2021 onwards.
The deal announced today will also contribute to the asset rotation program 2021-25 disclosed in the Capital Markets Day held on February 25th, 2021.
Completion of this transaction is subject to regulatory approval and other customary closing conditions for a transaction of this nature.
EDP Renováveis, S.A.