EDPR secures power purchase agreement in Spain
19 November, 2020
EDPR has secured a 15 year power purchase agreement (PPA) with Novartis, a global medicines company, to sell electricity to be produced by a portfolio of 63MW of renewable energy.
The portfolio comprises of a 36MW wind farm project and a 26,8MW solar power plant, that are expected to be installed in 2022/23.
With this new contract, in Spain, EDPR has already secured PPAs for projects totalling 229MW to be installed from 2020 to 2023.
As of today, EDPR has secured 86% of the ~7.0GW targeted wind and solar global capacity build-out for the 2019-2022 period, as communicated in the Strategic Update in March 2019.
EDPR's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.