EDPR Scores in Brazilian Auction

EDP R.enewables, S.A. , through its subsidiary EDP Renováveis Brasil, S.A., secured 20-year Power Purchase Agreements at the Brazilian energy A-6 2017 auction to sell electricity in the regulated market

The energy will be produced by two wind farms to be installed in the Brazilian State of Rio Grande do Norte; Santa Rosa e Mundo Novo with registered capacity of 121.8 MW and Aventura with 97.1 MW. The initial awarded price of the long-term contracts was set at R$99/MWh and R$97/MWh respectively. Both tariffs are indexed to the Brazilian inflation rate with commercial operation expected to occur in January 2023. With this new contract, EDPR has already secured PPAs for 482 MW of wind energy projects in Brazil (currently under construction/development) to start... ... More: Official Press Release EDPR

Keywords:

EDPR, Brazil, auction, PPA, wind farm, order