EDPR Secures PPAs for Two Solar Projects in the U.S. Totalling 275 MW
The contracts will last 15 years and the projects are expected to start in 2023.
EDP Renováveis, SA (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, has closed two 15-year Power Purchase Agreement (“PPA”) to sell the energy produced by two solar PV plants totalling 275 MW.
In detail, the projects located in the U.S. states of Mississippi and Indiana, are expected to commence operations in 2023.
With this new agreement, EDPR has now globally 2.0 GW of total solar PV capacity secured for the 2020-2023 period.
EDPR’s success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.