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.