Welcome to our dedicated page for EDP RENEWABLES SA news (Ticker: EDRVY), a resource for investors and traders seeking the latest updates and insights on EDP RENEWABLES SA stock.
EDP Renováveis (EDRVY) reports developments tied to renewable energy generation, including utility-scale wind and solar projects, distributed solar systems, and battery energy storage through EDP Renewables North America and its distributed generation business. Company news commonly covers long-term power purchase agreements, build-and-transfer arrangements, customer partnerships, and project activity in markets such as California and Indiana.
Updates also describe operating clean-energy assets, on-site solar photovoltaic arrays for commercial or utility customers, and storage paired with solar energy parks. The coverage reflects EDPR's model of developing, operating, and partnering on renewable power assets across multiple customer and grid applications.
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.