United States

United States

EDPR sign two PPAs for new wind farm

UNITED STATES: EDP Renewables (EDPR) has secured two power purchase agreements (PPAs) to sell output from its 200MW Broadlands wind farm in Illinois.

EDPR's 321MW Maple Ridge project in New York state
EDPR's 321MW Maple Ridge project in New York state

Power company Wabash Valley Power Association will buy output from a 100MW portion of the project for 20 years, while an unspecified ‘commercial and industrial entity’ will buy output from 50MW for 15 years.

Broadlands is due to begin operations in 2019, EDPR stated. The company has not yet named a turbine supplier.

The two contracts add to 1.6GW of long-term PPAs EDPR has already secured for wind projects in the US, the developer stated.

It has now conracted 90% of the 3.5GW of global capacity additions it is targeting between 2016 and 2020, as announced at parent company EDP Group’s capital market day in May 2016, EDPR added.

João Manso Neto, EDPR’s CEO, said PPAs enable the developer to "guarantee clean energy", while ensuring stable market prices for the companies buying the power.

The PPA announcement comes in the same month that the renewables generator announced that its net profit rose 39% year-on-year in the first quarter of 2018.

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