View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 8, 2019updated 28 Jul 2022 10:44am

EDPR signs PPA with Microsoft for windfarm in Ohio

Spanish renewable energy company EDP Renewables (EDPR) has signed two 15-year power purchase agreements (PPA) with Microsoft for 125MW of power from Timber Road IV windfarm in Ohio.

Spanish renewable energy company EDP Renewables (EDPR) has signed two 15-year power purchase agreements (PPA) with Microsoft for 125MW of power from Timber Road IV windfarm in Ohio.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

With this new agreement, Microsoft ‘s total renewable portfolio has now increased to nearly 1.4GW.

Microsoft Energy and Sustainability general manager Brian Janous said: “Bringing new wind projects online, particularly in states with relatively few projects but strong potential for growth, delivers both economic benefits and environmental progress in the near term and well into the future.

“We are constantly looking for opportunities where our corporate demand can not only be met but can also accelerate the transition to renewable sources. EDPR has done great work in Ohio, and we’re pleased to partner with them to grow this market.”

“Agreements like these are a prime example of EDP Renewables ‘ ability to work with corporate customers to help them achieve their renewable energy targets and reduce carbon emissions.”

The Timber Road IV windfarm is expected to become operational this year and will have the capacity to power more than 36,000 households in Ohio.

During construction, the project is expected to create nearly 200 employment opportunities and seven full-time jobs when it becomes operational.

The windfarm is expected to generate $1.1m each year in annual property tax revenue for the local government.

EDP Renewables North America CEO Miguel Prado said: “Microsoft exemplifies admirable energy supply and sustainability goals, and EDP Renewables is proud to partner with it to accelerate its efforts to power its data centres with renewable energy sources.

“Agreements like these are a prime example of EDP Renewables ‘ ability to work with corporate customers to help them achieve their renewable energy targets and reduce carbon emissions.”

The windfarm will be Microsoft ‘s fifth project in the region.

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology