EDP Renovaveis (EDPR), through its fully owned subsidiary EDP Renewable North America, signed a 15-year power purchase agreement (PPA) to sell the energy produced by a 200MW 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.