EDP Renováveis secures new PPA for operating wind farms with 250 MW in the US | EDP Renováveis

EDP Renováveis, SA ("EDPR"), through its fully owned subsidiary EDP Renewables North America LLC, signed 20-year Power Purchase Agreements ("PPA") with Georgia Power to sell, starting from January 1st 2016, the renewable energy produced by already in operation wind farms with an installed capacity of 250 MW located in Oklahoma.

This contract eliminates EDPR's current long-term merchant exposure in Oklahoma and reduces the structural long-term merchant exposure in the US to 664 MW, which represents only 8% of EDPR's total installed capacity as of March 2013.