AI assistant
EDP-Energias M&A Activity 2020
1909_iss_2020-11-19_caf41e29-13d2-4789-aff2-31cabbc78862.pdf
M&A Activity
Open in viewerOpens in your device viewer
Investors & Analysts` Briefing
Reuters: EDPR.LS Bloomberg: EDPR PL
EDP Renováveis secures a 63 MW PPA in Spain
Madrid, November 19 th 2020: EDP Renováveis, S.A. ("EDPR"), through its subsidiary EDP Renovables España S.L.U., 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 63 MW of renewable energy. The portfolio comprises a 36 MW wind farm project and a 27 MW 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 totaling 229 MW to be installed from 2020 to 2023.
As of today, EDPR has secured 86% of the ~7.0 GW targeted wind and solar global capacity build-out for the 2019-2022 period, as communicated in the Strategic Update on March 2019. EDPR will continue to analyse and develop projects that meet its internal risk and profitability criteria.
EDP Renováveis, S.A.
Investor Relations Department Rui Antunes, Head of IR Pia Domecq Duarte Andrada
Phone +34 902 830 700 Fax +34 914 238 429 [email protected] www.edpr.com