EDPR inks 20-MW wind PPA in New York with Bloomberg

Portuguese renewables firm EDP Renovaveis (ELI:EDPR) said today that business data, news and analytics provider Bloomberg LP has agreed to buy more than a quarter of the electricity produced by the 79-MW Arkwright Summit wind park in New York.

EDPR and Bloomberg have signed a 20-year power purchase agreement (PPA) for 20 MW of electricity produced by the particular plant. Bloomberg will use the power to offset the energy consumption of its New York offices.

According to the press release, this is the largest corporate purchase of wind power on record in New York. “With our support the development of the Arkwright Summit Wind Farm will help ensure New York achieves its 50% by 2030 renewable energy goals,” said John Rhodes, president and CEO of the New York State Energy Research and Development Authority.

Yesterday, New York governor Andrew Cuomo directed the state’s Department of Public Service to present a Clean Energy Standard to the Public Service Commission (PSC) by June 2016. The programme should outline how the state can achieve this so-called "50 by 30 goal".

Bloomberg itself has set an objective to source 35% of its energy from clean sources by 2020.

The Arkwright Summit project is located in Chautauqua County, less than 30 miles (48.3 km) from the retired BPU Jamestown coal-fired power plant. The wind farm is expected to be completed in 2017.

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