EDP Energias de Portugal S.A. obtains a long-term PPA for a 200 MW wind farm in the United States

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EDP obtains a long-term PPA for a 200 MW wind farm in the United States.

EDP – Energias de Portugal, S.A. (“EDP”), through its 71.20 percent-owned subsidiary EDP Renováveis, S.A. (“EDPR”), has secured a 20-year Power Purchase Agreement (“PPA”) to sell the green energy produced by a 198 MW wind facility in Indiana, United States. The initiative is anticipated to go live in 2025.

EDP has secured 45% of the 7.4 GW target additions for North America and 43% of the 17 GW total target additions for 2023-26 for EDPR, as announced at the EDP Capital Markets Day in March 2023.

EDP’s success in securing new PPAs strengthens its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility, thereby accelerating the energy transition and decarbonizing the economy.

This information is disclosed in accordance with article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and for the purposes stated therein.

EDP – Energias de Portugal. S.A.

Source: https://www.marketscreener.com/quote/stock/EDP-ENERGIAS-DE-PORTUGA-5819/news/EDP-Energias-de-Portugal-S-A-secures-long-term-PPA-for-a-200-MW-wind-project-in-the-US-43517942/

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