EDPR bags 209-MW solar PPA in Brazil

Oct 25, 2021 04:39 PM ET
  • Portuguese renewable energy company EDP Renovaveis SA (ELI: EDPR) has actually secured a power purchase contract (PPA) connected to the result of the 209-MW Monte Verde solar PV project it plans to build in the Brazilian state of Rio Grande do Norte.

In a protections declaring published today, EDPR stated the new PPA, obtained through Brazilian device EDPR Renovaveis Brasil SA, would run for 15 years.

The name of the off-taker was not disclosed.

The Monte Verde plant is expected to start generating power in 2024. The project will certainly be a 50/50 investment in between EDPR and EDP Energias do Brasil SA (BVMF: ENBR3), which supervises Brazilian procedures for Portuguese energy titan EDP SA (ELI: EDP).

With the latest PPA secured, the Madrid-based EDPR claims it has actually currently safeguarded contracts for 2.7 GW worth of solar ability and 7.4 GW of overall capability for the 2021-2025 period.

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