Welcome to our dedicated page for Edp Renovaveis news (Ticker: EDRVY), a resource for investors and traders seeking the latest updates and insights on Edp Renovaveis stock.
The EDP RENOVAVEIS UNSP/ADR (EDRVY) news page on Stock Titan highlights announcements and developments related to EDP Renewables and its subsidiaries, with a focus on renewable energy projects and partnerships. EDP Renewables reports activities in onshore wind, distributed and large-scale solar, offshore wind through a joint venture, and complementary technologies such as storage and green hydrogen across multiple regions.
Recent news includes EDP Renewables North America Distributed Generation LLC (EDPR NA DG) signing a 20-year power purchase agreement with California Water Service for an onsite solar photovoltaic array at a treatment facility in Bakersfield, California. This type of announcement illustrates how the company works with utilities and institutional customers on distributed generation projects designed to supply renewable energy at specific sites.
Another example from the news flow is the collaboration between EDP Renewables, through EDP Renewables North America LLC (EDPR NA), and Northern Indiana Public Service Company LLC (NIPSCO) in Indiana. These updates describe long-term power purchase and build-and-transfer agreements for projects such as the Indiana Crossroads II Wind Farm and the Indiana Crossroads Solar Park in White County, as well as earlier wind projects in the state.
Investors and observers using this news page can review company-issued releases that describe new power purchase agreements, build-and-transfer arrangements, project milestones and regional activity in markets such as California and Indiana. By following these updates, readers can see how EDP Renewables and its North American subsidiaries expand their wind, solar and storage footprint and how they structure collaborations with utilities, corporate customers, municipalities and other partners.
EDP Renewables North America (EDRVY) has signed a 20-year power purchase agreement (PPA) with California Water Service (Cal Water) for an onsite solar installation at Cal Water's Northeast Bakersfield Treatment Plant. The 1.75 MWac/2.35 MWdc solar photovoltaic array is expected to generate approximately 3,800 megawatt-hours of renewable energy annually.
The project is anticipated to reduce grid energy costs by $1.7 million over the agreement term for customers in the Bakersfield District. EDPR NA currently operates 1,138 MW of clean energy assets in California, with its distributed generation portfolio including over 180 projects totaling 75 MWac/81 MWdc in operation.
EDP Renewables and NIPSCO have signed a Power Purchase Agreement (PPA) for the 204 MW Indiana Crossroads II Wind Farm and a Build & Transfer Agreement (BTA) for a 200 MW Solar Park in Indiana. The wind farm is expected to be operational by 2023, while the solar park is anticipated to be ready in 2022. These projects add to the existing renewable energy capacity in White County, where EDP Renewables is already the largest operator with over 1,001 MW. The agreements support Indiana's clean energy transition and economic growth, with NIPSCO aiming to be coal-free by 2028.