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EDP Energias de Portugal S A : secures PPAs for a 124 MW wind project in Brazil

05/27/2022 | 06:03pm
EDP secures PPAs for a 124 MW wind project in Brazil
Friday27, May 2022

EDP secures PPAs for a 124 MW wind project in Brazil

Lisbon, May 27th, 2022:EDP - Energias de Portugal, S.A. ("EDP"), through its 74.98% owned subsidiary EDP Renováveis, S.A. ("EDPR"), was awarded with two 15-year Power Purchase Agreements ("PPAs") at the Brazilian energy A-4 2022 auction to sell the clean energy produced by 93 MW out a total 124 MW capacity of a new wind project. The PPAs were both awarded at a price of R$179/MWh, to be inflation-updated at IPCA.

The wind project is located in the state of Paraíba, and is expected to start operations in 2025.

With these new PPAs, EDP has now 2.2 GW of capacity secured in South America and an overall secured capacity of 9.8 GW for 2021-25.

EDP's success reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility, fostering the acceleration of the energy transition and the decarbonization of the economy.

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.

EDP - Energias de Portugal. S.A.

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EDP - Energias de Portugal SA published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 22:02:09 UTC.

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