EDPR wind park in the US. Source: EDPR. License: All rights reserved.
EDP Renovaveis SA (ELI:EDPR) announced on Tuesday it has signed four power purchase agreements (PPAs) tied to 405 MW of wind energy generating capacity in the US.
EDP Renewables North America LLC has entered into 15 year PPAs with three unnamed companies of the commercial and industrial (C&I) sector. It will supply these firms with electricity from two wind parks located in the states of Illinois and Indiana. They are expected to go online in 2019 and 2020, respectively, the company said.
With these contracts, the firm now has 2.1 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. EDPR also currently has a contracted global capacity of 3.6 GW, surpassing its business plan target of 3.5 GW capacity for that same period, it noted.