EDP Brasil inks 30.5-MW solar supply handle medical care team Hapvida

• Brazilian power utility EDP Energias do Brasil SA (B3: ENBR3) has actually signed a self-production agreement with health and dental care group Hapvida NotreDame Intermedica for 30.5 MWac of solar energy in Brazil.

The 15-year personal agreement with the power company will help Hapvida fulfill around 85% of its power demand in the coming years.

Located in the Brazilian state of Sao Paulo, the solar (PV) park is the outcome of a 50/50 financial investment partnership between EDP Brasil as well as EDP Renovaveis SA (ELI: EDPR) and also is arranged to go online in 2024.

The firms likewise became part of a collaboration for the movement of the health care group's units to the free power market and for the supply of power to these units up until the solar plant begins procedure.

EDP noted it is building 5 distributed generation (DG) solar farms which will provide 55% of Hapvida NotreDame units that run in reduced voltage.

The closure of the deal is pending authorization by the Brazilian antitrust regulatory authority CADE.