July 25 (Renewables Now) - EDP Renovaveis SA (ELI:EDPR) announced on Tuesday it has signed two power purchase agreements (PPA) to sell energy from its 125-MW Timber Road IV wind project in the US state of Ohio.
EDP Renewable North America LLC has entered into 15-year PPAs with an unnamed company of the commercial and industrial (C&I) sector. The Timber Road IV wind park is expected to be up and running in 2019, the company said.
With these contracts, the firm now has 2.2 GW of wind PPAs in the US, thus exceeding its goal of 1.8 GW of long-term agreements for plants to be installed in 2016-2020.
Earlier this month EDPR, was awarded a 20-year Contract for Difference (CfD) for a 45-MW wind project in Greece's recent tender. As of now, the company has contracted a global capacity of 3.8 GW, surpassing its business plan target of 3.5 GW capacity for that same period, it noted.