AI assistant
EDP-Energias M&A Activity 2021
1909_iss_2021-09-20_228e501f-4b0b-48bb-84ba-8b3451c4066c.pdf
M&A Activity
Open in viewerOpens in your device viewer
Investors & Analysts' Briefing
Reuters: EDPR.LS Bloomberg: EDPR PL
EDPR secures a 15-year PPA for a 297 MW wind project in Canada
Madrid, September 20th 2021: EDP Renováveis, S.A. ("EDPR") has secured a 15-year Power Purchase Agreement ("PPA") with TransCanada Energy Ltd. ("TC Energy") to sell the green energy produced by the 297 MW Sharp Hills wind farm in Canada, avoiding estimated annual emissions of approximately 700 thousand tons of CO2.
The Sharp Hills wind farm is located in Alberta and is expected to enter in operation in 2023.
With this new agreement, EDPR has now 0.4 GW of capacity secured in Canada set to enter in operation from 2021 onwards.
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.
EDP Renováveis, S.A.
Investor Relations Department
André Fernandes, Head of IR
Pia Domecq Celia de Cominges Duarte Andrada
Tel. +34 902 830 700 Fax +34 914 238 429 [email protected] www.edpr.com