EDPR has secured a 16-year private Power Purchase Agreement (PPA) to sell the power to be produced by the Catanduba wind farm in Brazil
EDP Renewables (EDPR), through its subsidiary EDP Renováveis Brasil (EDPR Brazil), has announced that it has secured a 16-year private Power Purchase Agreement (PPA) to sell the power to be produced by Catanduba wind farm.
The wind farm, located in the Brazilian State of Rio Grande do Norte, has a total capacity of 96 MW and is expected to start operations in 2024.
In Brazil, considering this new contract, EDPR has currently under development about 1.1 GW of wind and solar energy projects to start operations between 2021 and 2024, all with long-term PPAs secured. With this outcome, the EDPR portfolio in Brazil is set to reach 1.5 GW by 2024, reinforcing EDPR presence in a market with a low-risk profile, through the establishment of long term PPAs, attractive wind resource and solid prospects for the renewables sector in the medium and long term.
In July, we reported that EDPR, through its subsidiary EDP Renováveis Brasil, S.A., had secured a 20-year private Power Purchase Agreement (PPA), to sell the energy to be produced by Monte Verde VI and Boqueirão I-II wind farms in Brazil. The wind onshore projects, both located in the Brazilian State of Rio Grande do Norte, have a total capacity of 126 MW and the start of operations expected for 2022.
In October, we reported that EDPR secured a Power Purchase Agreement (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. The wind farm project, which is expected to begin operations in 2021, is located in a region with a strong wind resource in Mexico and has an expected load factor above 40 percent.
More recently, we had 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.