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EDP Renewables secures power purchase agreements for 150 MW of wind power in US

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EDP Renewables secures power purchase agreements for 150 MW of wind power in US

EDP Renewables North America signed two separate long-term power purchase agreements for 150 MW of electricity from its planned Broadlands Wind farm in Douglas, Ill.

The EDP Renováveis subsidiary will sell 100 MW of electricity to Wabash Valley Power Association Inc. under a 20-year contract and 50 MW of power to a commercial and industrial company under a 15-year contract. The facility is expected to enter operations in 2019, according to a May 10 release.

EDP Renewables has already secured 1,600 MW of wind energy long-term agreements in the U.S. for projects to be installed in 2016-2020. With the new contracts, the company has now contracted 90% of the 3,500-MW targeted global capacity additions for the period.

"These [purchase agreements] enable us to guarantee clean energy, while the companies obtain stable market prices," EDP Renewables CEO João Manso Neto said.

EDP Renováveis is a subsidiary of EDP - Energias de Portugal SA.