EDPR Wins Contracts for Two Wind Farms at Brazilian Auction

EDP Renováveis, S.A., through its subsidiary EDP Renováveis Brasil, S.A., secured 20-year Power Purchase Agreements at the Brazilian energy A-6 2018 auction to sell electricity in the regulated market.

The long term contracts are based on the energy to be produced by two wind farms to be installed in the Brazilian State of Rio Grande do Norte, namely Jerusalem with registered capacity of 176 MW and Monte Verde with 253 MW. Commercial operations of both projects are expected to occur in the beginning of 2024. The awarded price of the long-term contracts was set at R$94/MWh and R$87/MWh respectively, both indexed to the Brazilian inflation rate. In Brazil, considering these new contracts, EDPR has currently under construction and development about 0.8 GW of wind energy... ... More: Official Press Release EDPR

Keywords:

EDP Renewables, Brazil, auction, PPA, wind farm, Rio Grande do Norte