EDPR secures PPA for new 200 MW wind farm in the United States

EDPR secures PPA for new 200 MW wind farm in the United States | EDP Renováveis

edp announcement

EDPR secures PPA for new 200 MW wind farm in the United States

Thursday, 28 July 2016

Market Notifications

Investors

EDP Renováveis, S.A. ("EDPR") informs that the released date for 1st half 2016 accounts has been changed from July 27th to July 26th, 2016.

Madrid, July 28th 2016: EDP Renováveis, SA ("EDPR"), through its fully owned subsidiary EDP Renewable North America LLC, signed a 15-year Power Purchase Agreement ("PPA") to sell the energy produced by a 200 MW wind farm in the state of Iowa, with start of operations expected for 2018.

With this new arrangement EDPR has already signed 1.0 GW of PPAs in the US, for projects to be installed in 2016-2020, securing more than half 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.