EDP secures 96-MW wind PPA in Brazil

EDP Renovaveis wind farm

November 29 (Renewables Now) - Portuguese power utility EDP - Energias de Portugal SA (ELI:EDP) announced on Thursday it has signed a power purchase agreement (PPA) for 96 MW of new wind power generation in Brazil.

Through its unit EDP Renovaveis SA (ELI:EDPR), the company will sell the output of the Catanduba wind farm, located in the Brazilian state of Rio Grande do Norte, under a 16-year private contract.

According to EDP's filling, the wind farm is set to start operations in 2024. With this new contract, EDP has roughly 1.1 GW of wind and solar energy projects under development in Brazil, with operations expected to begin in 2021-2024.

Recently, EDPR reported that its renewable power generation in the first nine months of 2019 grew by 6% year-on-year to 21.9 TWh, with the largest increase being achieved in Brazil, where the output rose 50% to 1.26 TWh due to capacity additions.

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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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