EDPR secures a 75 MW PPA for a new wind farm in the United States
Monday 7, October 2019
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EDP Renováveis, SA ("EDPR"), through its fully owned subsidiary EDP Renewables North America LLC, secured a 20-year Power Purchase Agreement ("PPA") with Wabash Valley Power Association to sell the energy produced by 75 MW.
Madrid, November 28th 2016: EDP Renováveis, SA ("EDPR"), through its fully owned subsidiary EDP Renewables North America LLC, secured a 20-year Power Purchase Agreement ("PPA") with Wabash Valley Power Association to sell the energy produced by 75 MW. The Meadow Lake VI wind farm project is located in the state of Indiana and start of operations are expected for 2018.
With this new arrangement EDPR has already signed 1.1 GW of PPAs in the US, for projects to be installed in 2016-2020 (0.4 GW in 2016, 0.4 GW in 2017 and 0.3 GW in 2018), securing 60% of the 1.8 GW of target capacity additions in the US for the period, as announced at EDP Group Capital Markets Day in May-16.
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.
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