EDP Renováveis, SA, through its fully owned subsidiary EDP Renewable North America LLC, has signed a 15-year Power Purchase Agreement (PPA) to sell the energy produced by a 200 MW wind farm in the state of Iowa (US), with start of operations expected for 2018.
With this new arrangement EDPR has already signed 1.0 GW of PPAs in the US, for projects to be installed in 2016-2020, securing more than half of the 1.8 GW of target capacity additions in the US for the period, as announced at EDP Group Capital Markets Day in May.
In mid June we reported that Dairyland reached PPA with EDP Renewables which will develop, operate and maintain the Quilt Block Wind Farm, located 20 miles southeast of Platteville.The project is currently working through the MISO generation interconnect process. Construction is expected to begin in 2017, with commercial operation beginning toward the end of that year.
The success of EDPR in securing new PPAs reinforces the company’s low risk profile and its growth strategy based on the development of competitive projects with long-term visibility.