EDP Renováveis is awarded long term contract for 100 MW in Canada

EDP Renováveis, SA (“EDPR”), through its fully owned subsidiary EDP Renewables Canada Ltd., was awarded a 20-year supply contract in Ontario, Canada, as part of the Independent Electricity System Operator’s (IESO) Large Renewable Procurement I (LRP I) process, to sell the renewable energy produced from its 100 MW Nation Rise Wind Farm.

The Nation Rise Wind Farm project is located in the Township of North Stormont, Ontario, and is expected to start operations in 2019. This new project will be integrated in EDPR’s 2016-2020 Business Plan, to be presented in May at EDP Group Investor Day.

The successful outcome from this process reinforces EDPR’s strategy to increase its footprint in a market with attractive wind fundamentals and low risk profile through the establishment of long term contracts, providing solid cash-flow visibility.