20
Tue, Nov

EDP Renewables Enters The Brazilian Solar Energy Market

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EDP Renewables, S.A., through its subsidiary EDP Renováveis Brasil, S.A., secured a 15-year Power Purchase Agreement to sell the energy set to be produced by the Pereira Barreto solar photovoltaic park.

The project, located in the Brazilian State of São Paulo, has a total capacity of 199 MW and the contract is set to enter into force in 2022.

With this contract EDPR enters the Brazilian solar energy market, while reinforcing and diversifying its presence in a market with a low risk profile, through the establishment of long term contracts, attractive renewable resources and with solid prospects in the medium and long term.

Through this partnership, EDPR will have 1 GW of renewable energy projects under construction and development in Brazil, to start operations between 2018 and 2024, all with long-term contracts secured.

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