EDP Renewables North America, the subsidiary of EDP Renewables (EDPR) has signed two power purchase agreements (PPA) to sell the energy generated from its Broadlands wind farm project.
A 15-year PPA for 50MW has been secured with a Commercial & Industrial (C&I) entity and a 20-year PPA for 100MW has been secured with Wabash Valley Power Association.
Broadlands wind farm is located in the state of Illinois, US, with start of operations expected for 2019.
EDPR has already secured 1.6GW of wind energy long-term agreements in the US for projects to be installed in 2016-2020.
With these new arrangements, EDPR has now contracted 90% of the 3.5GW targeted global capacity additions for 2016-2020 period, as announced at EDP Group Capital Markets Day in May 2016.
EDPR’s success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.
EDP Renewables CEO João Manso Neto said: “These PPAs enable us to guarantee clean energy, while the companies obtain stable market prices. We are very proud of our work in continuing to make strides in this area and ultimately provide our clients with sustainable energy.”
Source: Company Press Release
