EDP Renewables signs two PPAs

Apr 28, 2014

Wind energy producer EDP Renewables has signed two power purchase agreements to sell the renewable energy produced from a 150 MW wind farm project located in the state of Texas.

By Ritesh Gupta

The deals have been signed through the entity’s fully owned subsidiary EDP Renewables North America. The structuring is as follows: a 20-year PPA for 50 MW and a 15-year PPA for 100 MW. The wind farm is expected to be installed in 2016.

Since early 2013, EDP Renewables has already secured 1,380 MW of new PPAs, of which 250 MW for projects that were already in operation and 1,130 MW for new projects to be installed in 2014 and beyond.

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EDP Renewables signs two PPAs