Madrid, December 17th 2021: EDP Renováveis, S.A. ("EDPR") is pleased to announce that Ocean Winds ("OW"), the 50/50 Offshore JV owned by EDPR and ENGIE, has secured a 20-year Power Purchase Agreement ("PPA") for 400 MW in the Mayflower Wind Energy LLC ("Mayflower"), a joint venture company currently owned by OW (50%) and by Shell New Energies ("Shell") (50%), to deliver clean offshore wind energy to Massachusetts.
These 400 MW of PPA are on top of the already 804 MW secured capacity announced to the market on October 30th, 2019. In total, Mayflower has now 1,204 MW of secured capacity.
With today's announcement, EDPR increases its visibility on growth in wind offshore with 0.5 GW already operating and 3.5 GW of capacity secured to be installed, thereby enhancing and diversifying EDPR's long-term profitable growth options while maintaining a balanced risk profile.
EDP Renováveis, S.A.
EDP Renováveis, S.A. Head office: Plaza de la Gesta, 2 33007 Oviedo, Spain
Share capital: €4,361,540,810 registered in the Commercial Registry Office of Asturias; item 3,671; book 177; sheet no. AS - 37,669; Tax No.A-74219304
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EDP Renovaveis SA published this content on 17 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 19:58:04 UTC.
EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific.
Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen.
EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index.
EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.