EDPR lands PPA for 180-MW solar project in Texas

The majority-owned renewables arm of EDP - Energias de Portugal SA (ELI:EDP), has signed a power purchase agreement (PPA) with an unnamed multinational retailer which will be buying most of the output of a 180-MW solar park in Texas, the Portuguese utility announced today.

More specifically, EDP Renovaveis SA (ELI:EDPR) has agreed to sell to that company the electricity generated by a 162-MW portion of the plant over a period of 15 years.

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The contracted project is expected to enter into operation in 2025. No further details were given.

The announcement notes that with the latest PPA, EDPR has secured around 55% of the targeted capacity additions of 17 GW for the period 2023-2026. Said target was unveiled in March 2023.