EDPR has executed a 15-year Power Purchase Agreement (PPA) to sell the energy produced by its 200 MW solar park in California
EDP Renewables (EDPR) has announced that it has through its fully owned subsidiary EDP Renewables North America, has executed a 15-year Power Purchase Agreement (PPA) to sell the energy produced by its 200 MW solar park.
The solar park, which is expected to commence operations in 2022, is located in the US state of California. Given EDPR’s current solar assets in operation and the 950 MW of solar projects already contracted, the firm’s portfolio will increase its technological diversification and reach 1.1 GW of solar capacity build-out by 2022.
With this new agreement, EDPR has now secured 67 percent of the ~7.0 GW targeted wind and solar global capacity build-out for the 2019-2022 period.
Recently, we reported that the firm had secured two 15-year Power Purchase Agreements (PPA) at the recent renewable auction organised by the Colombian Government. The PPA contracts are based on the energy to be produced at two wind farms, namely Alpha, with a total installed capacity of 212 MW, and Beta, with 280 MW, which are expected to commence commercial operations in 2022. Within the framework to develop these two facilities, currently at an advanced stage, EDPR has made commitments to the local indigenous community, which will benefit from the positive socio-economic impact of the wind farms in the region.
Earlier, we reported that WindPower Korea, EDPR and Aker Solutions have formed a consortium with the ambition to develop an initial 500 MW floating wind farm off the coast of Ulsan Metropolitan City in South Korea.
The new consortium is committed to supporting the ambitious renewable energy plans of the South Korean Government, which call for 13 GW of offshore wind to be installed by 2030 and set a target of at least 30 percent renewable energy by 2040.
Prior to that, we reported that EDPR had secured a PPA to sell the energy produced by a 100 MW wind farm project in Mexico. The contract is set in USD and for a 15-year minimum period.