EDF, Eneva sign renewables PPA in Brazil

Solar panels. Image by: EDF Renewables (www.edf-re.com).

September 7 (Renewables Now) - Brazilian natural gas and power company Eneva SA (B3:ENEV3) announced last week it has signed a 15-year contract with EDF Renewables for the purchase of renewable energy in Brazil.

With the new power purchase agreement (PPA), Eneva can now operate in the country’s free energy market with clean energy sources. Neither the value of the deal nor the exact amount of energy to be supplied were disclosed.

According to Camila Schoti, Eneva's general marketing manager, the PPA with the renewables unit of French utility EDF (EPA:EDF) will strengthen the range of energy solutions that the company offers to its clients.

Currently, EDF Renewables has 13.8 GW of installed capacity in its global portfolio. In Brazil, the firm has 1.3 GW of wind and solar energy projects in operation or under development.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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