EDPR indications 150-MW solar PPA in Texas

• Renewable resource giant EDP Renovaveis SA (ELI: EDPR) has inked a bargain to market the output from a 150-MW solar project it prepares to construct in the US state of Texas.

EDPR revealed on Wednesday it will offer the clean electricity under a 15-year power purchase agreement (PPA) to an unnamed off-taker.

The solar park is expected to start creating electricity in 2024.

With this agreement, the renewables arm of Portuguese energy EDP (ELI: EDP) has currently safeguarded around 50% of the 17-GW renewable resource additions target it revealed in March of this year for the 2023-2026 duration.

No further details regarding the PPA or the solar scheme were divulged in journalism release.

The announcement transpires a week after EDPR signed an agreement to sell the output of another solar project with a capacity of 110 MW in Illinois under a 15-year offer.