EDP Renováveis, S.A. informs about renewable energy auction in Colombia
Madrid, October 23rd 2019: EDP Renováveis, S.A. (“EDPR”) secured two 15-year Power Purchase Agreement (“PPA”) at the renewable auction CLPE No. 02-2019 organized by the Colombian Government. The PPA contracts are based on the energy to be produced by two wind farms, namely Alpha with registered capacity of 212 MW and Beta with 280 MW, and have an expected commercial operation date in 2022. Both projects are currently being developed by EDPR and had already been selected in March 2019 at the reliability auction.
With these projects, EDPR increases its worldwide footprint by entering in a new market with a sustainable development of its Renewable Energy Source.
Given this new agreement, EDPR has now secured 60% of the ~7.0 GW targeted global capacity build-out for the 2019-2022 period, as communicated in the Strategic Update on March 2019.
As part of its growth strategy, EDPR continues to study worldwide opportunities while developing profitable projects focused in countries with low risk profile and regulatory stability.
EDP Renováveis, S.A.