EDP - Energias de Portugal SA

07/10/2024 | Press release | Distributed by Public on 07/10/2024 12:12

EDP informs about PPA secured for 150 MWac solar project in US

Lisbon, July 10th, 2024: EDP, S.A. ("EDP"), through its 71.3% owned subsidiary EDP Renováveis, S.A. ("EDPR"), has secured a 15-year Power Purchase Agreement ("PPA") with a large technology company to sell 90% of the green energy produced by a 150 MWac (213 MWdc) solar project in Fulton Country, Illinois, US. The project is situated within an Energy Community (former coal mining area) and is set to achieve commercial operations in 2025.

This project presents an opportunity to expand EDP's current 3.1 GW of solar capacity in operation and under construction in North America.

EDP continues to reinforce its low-risk profile and growth strategy by developing 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.