EDP Renováveis signs Mexican solar PPA
Published by Sarah Smith,
Assistant Editor
Energy Global,
EDP Renováveis, S.A. (EDPR) has secured a Power Purchase Agreement (PPA) with Ammper Energía S.A.P.I. de C.V. (AMMPER) to sell the energy produced by the 200 MW Los Cuervos solar photovoltaic (PV) project.
The contract is set in US dollars and for a 15-year minimum period. The Los Cuervos solar project, located in Mexico, is expected to start operations in the beginning of 2021. Considering the capacity installed in the country and the projects already secured, EDPR footprint in Mexico will reach 0.5 GW of installed capacity in 2021.
Given EDPR’s current solar assets in operation and the 1.2 GW of solar projects already contracted, EDPR’s portfolio will increase its technological diversification and reach 1.5 GW of solar capacity build-out by 2022.
With this arrangement, EDPR has now contracted approximately 80% of the approximately 7.0 GW targeted global capacity build-out for 2019-2022 period, as communicated in the Strategic Update on 12 March 2019. EDPR will continue to analyse and develop projects that meet its internal risk and profitability criteria.
EDPR's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive and innovative projects with long-term visibility.
Read the article online at: https://www.energyglobal.com/solar/24042020/edp-renovveis-signs-mexican-solar-ppa/
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