EDPR secures PPAs for a 425 MW solar portfolio in the US
- The solar portfolio comprises three projects with commercial operations expected for 2024;
- With these new PPAs, EDPR continues to increase its technological diversification with 4.2 GW of secured capacity in Solar and an overall secured capacity of 9.3 GW for 2021-25.
EDP Renewables (Euronext: EDPR), the world's fourth largest renewable energy producer, has secured Power Purchase Agreements (PPAs) to sell the green energy produced by a 425 MWac solar portfolio in the US.
The solar portfolio comprises three projects with commercial operations expected for 2024. These are a 175 MWac project located in Mississippi County, Arkansas; a 100 MWac project located in Madison County, Mississippi and a 150 MWac project located in Randolph County, Indiana.
Miguel Stilwell d’Andrade, CEO of EDP & EDPR explained: "The closing of these PPAs reinforces our solid position in a strategic market for the company such as the United States, which represents more than half of our portfolio. We have a solid growth plan in this country, contributing not only to the energy transition but also to support companies to achieve their sustainability goals and to provide economic and social benefits to the local communities of the areas in which we operate”.
With these new PPAs, EDPR continues to increase its technological diversification with 4.2 GW of secured capacity in Solar and an overall secured capacity of 9.3 GW for 2021-25.
EDPR's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility, fostering the acceleration of the energy transition and the decarbonization of the economy.