EDP Renovaveis Inks PPA For 101 MW Wind Farm In Iowa

EDP Renovaveis SA, through its fully owned subsidiary EDP Renewables North America LLC, has signed a 19-year power purchase agreement (PPA) with the Tennessee Valley Authority to sell the energy produced by EDP’s 101 MW Lost Lakes wind energy plant Iowa.

With this PPA, the output of the Lost Lakes wind power plant, which has been in operation since 2009, is fully contracted through a long-term agreement.

This new long-term contract enables EDPR to reduce its merchant exposure in the US to 663 MW, which represents only 9% of EDPR’s total installed wind turbines capacity as of June 2011.