EDPR secures PPA for solar project in Brazil
Published by Bella Weetch,
Editorial Assistant
Energy Global,
EDPR, the world's fourth largest renewable energy producer, through its subsidiary EDP Renováveis Brasil (EDPR Brasil), secured a 15 year power purchase agreement (PPA) to sell the clean energy produced by the 209 MWac Monte Verde solar power plant in Brazil.
EDPR will co-invest 50/50 alongside EDP Energias do Brasil (EDP Brasil) in the Monte Verde solar power plant. The project is located in the State of Rio Grande do Norte and is expected to enter in operation in 2024.
With this new PPA, EDPR continues to increase its technological diversification with 2.7 GW of secured capacity in solar and an overall secured capacity of 7.4 GW for 2021 - 2025.
The company’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, fostering the acceleration of the energy transition and the decarbonisation of the economy.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Autumn 2021 issue
The Autumn issue of Energy Global features a varied spectrum of in-depth technical articles detailing recent projects, future projections, and technological advancements in the renewables sector, from companies including MISTRAS Group, Fugro, X1 Wind, Sulzer, and more.
Read the article online at: https://www.energyglobal.com/solar/26102021/edpr-secures-ppa-for-solar-project-in-brazil/
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