Renewable energy company EDP Renováveis (EDPR) has signed a power purchase agreement (PPA) with Mexico-based electricity supplier Ammper Energía.
As per the terms of the agreement, EDPR will supply clean energy generated by its 200MW Los Cuervos solar PV project to the Mexican company for 15 years.
With this new PPA, EDPR noted that it has reached 80% of the 7GW target wind and solar global capacity build-out for 2019-2022 period.
EDP Renováveis CEO João Manso Neto said: “We are very pleased with the progress of our PPA strategy with landmarks such as the one we are announcing today.
“We have reached 80% of the ambitious goal of incorporating 7GW into global capacity, which we set out in our business plan, and we still have two years to go.
“Furthermore, we have reinforced our commitment to the Mexican market, where we already have an installed capacity of 200MW, and we continue to boost our role as one of the benchmark renewable energy producers around the world.
“Finally, I would like to make special mention of our commitment to maintaining our investment plan to 2022, despite extraordinary current circumstances”.
Located in Mexico, EDPR’s Los Cuervos solar project is expected to start operations at the beginning of 2021.
The Timber Road IV wind farm is expected to become operational this year and will have the capacity to power more than 36,000 households in Ohio.