EDPR secures PPAs for a 124 MW wind project in Brazil
Petre Barac
Posted On May 31, 2022
The company has been awarded with two 15-year PPAs to sell the clean energy produced by 93 MW out a total 124 MW capacity of a new wind project.
With these new PPAs, EDPR has now 2.2 GW of capacity secured in South America and an overall secured capacity of 9.8 GW for 2021-25.
EDP Renewables (Euronext: EDPR), the world’s fourth largest renewable energy producer, was awarded with two 15-year Power Purchase Agreements (PPAs) at the Brazilian energy A-4 2022 auction to sell the clean energy produced by 93 MW out a total 124 MW capacity of a new wind project.
The wind project is located in the state of Paraíba and is expected to start operations in 2025. With these new PPAs, EDPR has now 2.2 GW of capacity secured in South America and an overall secured capacity of 9.8 GW for 2021-25.
EDPR’s success 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.
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR) is a global leader in the renewable energy sector and the fourth largest wind energy producer worldwide. With its robust development portfolio, first-class assets and a market-leading operational capacity, EDPR has shown extraordinary growth over the past few years, with a presence in 26 markets across Europe, Latin and North America and Asia.
EDPR is a driver of social progress with its commitment to sustainability and integration, with their employee-centred policies earning them a listing in the Bloomberg Gender-Equality Index and seeing them named a Top Employer 2022 in Europe (Spain, Italy, France, Romania, Portugal and Poland) and Brazil, as well as a Top Workplace 2022 in the United States.
EDP – EDPR’s main shareholder – is a global energy company and a leader in value creation, innovation and sustainability. EDP has been listed on the Dow Jones Index for 14 consecutive years, recently being named the most sustainable electricity company on the Index.
