EDP Renewables, S.A. (EDPR) has announced that its subsidiary EDP Renováveis Brasil, S.A. (EDPR Brasil) has secured a 15-year Power Purchase Agreement (PPA) to sell the energy set to be produced by the Pereira Barreto solar park.
The project, located in the Brazilian state of São Paulo, has a total capacity of 199 MW. The PPA contract is set to enter into force in 2022.
This contract signifies EDPR's entry into the Brazilian solar energy market. The company has 1 GW of renewable energy projects under construction and development in the country, to start operations between 2018 and 2024, all with long-term contracts secured.
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