EDP secures a 15-year PPA for a 209 MW solar project in Brazil
26 October 2021
EDP - Energias de Portugal, S.A. (“EDP”), through a 50%/50% partnership between its subsidiaries EDP Renováveis, S.A. (“EDPR”) owned at 74.98% and EDP Energias do Brasil S.A (“EDP Brasil”) owned at 52.64%1, 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. The PPA was established with EDP Comercializadora S.A., which has already allocated this energy in contracts with the same maturity.
The project is located in the State of Rio Grande do Norte and is expected to enter in operation in 2024.
The 50%/50% co-investment between EDPR and EDP Brasil, will allow EDP to leverage on EDPR’s skills to develop and operate renewables projects, and on EDP Brasil’s local client prospecting and market expertise. With this new agreement, EDP continues to increase its technological diversification with 2.7GW of secured capacity in Solar and an overall secured capacity of 7.4 GW for 2021-25. EDP'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. This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.
Related
-
Masdar completes first project in £1 Billion UK BESS investment and announces project pipeline
26 December 2025
-
Masdar signs PPA for 200 MW floating solar project in Malaysia
25 December 2025
-
ACCIONA awarded sanitation and water supply networks in Brazil
25 December 2025
-
Vestas secures seven wind turbine orders for 273MW capacity in Germany
25 December 2025
-
Mubadala teams up with Actis to invest in Rezolv Energy
25 December 2025
-
MHI signs EPC contract for ammonia and urea fertilizer complex in Turkmenistan
25 December 2025


京公网安备
11010802030424号
京ICP备19046776号-2