EDP Renováveis has secured a new contract to sell electricity in Mexico. The contract, established in US dollars, for a 15-year minimum period, was announced in a statement to the Securities Market Commission (CMVM).
“EDP Renováveis, S.A. (“EDPR”) has secured a Power Purchase Agreement (“PPA”) with Ammper Energía S.A.P.I. de C.V. (“AMMPER”) to sell the energy produced by the 200 MW Los Cuervos solar pv project,” explained the wind power company.
The plan is that the Los Cuervos solar project, located in Mexico, will begin operations in early 2021. “Considering the capacity installed in the country and the projects already secured, EDPR footprint in Mexico will reach 0.5 GW of installed capacity in 2021,” the company says.
The company led by João Manso adds that it has thus ensured about 80% of the 7.0 GW of wind and solar build-out capacity foreseen in the 2019-2022 strategic plan.