EDP Renewables Gets PPA for 490 MW in Colombia Auctions

EDP Renewables has secured two 15-year PPA at the recent renewable auction organised by the Colombian Government.

EDP Renewables (EDPR) a global leader in the renewable energy sector and one of the world’s largest wind energy producers, has secured two 15-year Power Purchase Agreements (PPA) at the recent renewable auction organised by the Colombian Government. Colombia

The PPA contracts are based on the energy to be produced at two wind farms, namely Alpha, with a total installed capacity of 212 MW, and Beta, with 280 MW, which are expected to commence commercial operations in 2022. Within the framework to develop these two facilities, currently at an advanced stage, EDPR has made commitments to the local indigenous community, which will benefit from the positive socio-economic impact of the wind farms in the region.

Colombia will act as the focal point for the consolidation of EDPR’s business in Latin America, where the company intends to continue growing as part of its strategy of studying worldwide opportunities while developing profitable wind and photovoltaic projects in countries with a low-risk profile and regulatory stability.

Colombia is the 14th market in which EDPR operates and it’s third in Latin America after Brazil and Mexico. Across the continent (including operations in Canada and the United States) EDPR had, as of 30 June 2019, an installed capacity of 6,029 MW.

Recently, we reported that WindPower Korea, EDPR and Aker Solutions have formed a consortium with the ambition to develop an initial 500 MW floating wind farm off the coast of Ulsan Metropolitan City in South Korea.

The new consortium is committed to supporting the ambitious renewable energy plans of the South Korean Government, which call for 13 GW of offshore wind to be installed by 2030 and set a target of at least 30 percent renewable energy by 2040.

Prior to that, we reported that EDPR had secured a PPA to sell the energy produced by a 100 MW wind farm project in Mexico. The contract is set in USD and for a 15-year minimum period.