The renewable energy contracts include seven solar and wind energy projects, as well as hybrid projects, with a total installed capacity of 187 MW.
EDP Renováveis (EDPR) has won two long-term contracts in renewable energy auctions in Spain and Italy. These include seven solar and wind energy projects, as well as hybrid projects, with a total installed capacity of 187 MW.
At the Spanish auction, the company secured a portfolio of six wind and solar energy projects, including hybrid projects, due to start in 2022 and 2023. The projects have a total installed capacity of 143 MW.
“These new long-term contracts reinforce EDP’s footprint in wind onshore & solar in Spain, with 2.3 GW in operation and close to 0.4 GW already secured in the country for the following years,” says the company, in a statement sent to the Securities Market Commission (CMVM).
In turn, at the Italian auction, EDP Renováveis won a 44 MW wind project. It is expected to become operational in 2022. “In Italy, EDP has 271 MW already operational and more than 0.2 GW secured for the coming years.”
Currently, the Portuguese company has globally secured 6.7 GW for projects expected to become operational from 2021 onwards. “EDP’s success in securing new long-term contracts reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility,” the statement reads.