EDPR is awarded a long-term RESA for 248.4 MW of wind onshore in Canada

EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and one of the world’s largest wind energy producers, announces that that its Canadian subsidiary, EDP Renewables Canada Ltd., has been awarded a 20-year Renewable Energy Support Agreement (RESA), for the delivery of 248.4 MW of onshore wind generation by the Alberta Electricity System Operator (“AESO”).

The Sharp Hills wind farm project is located in eastern Alberta, Canada, with commercial operation slated to begin in December 2019.

The success of EDPR in this auction reinforces the company’s low risk profile and its growth strategy based on the development of competitive projects with long-term visibility.

João Manso Neto, CEO of EDP Renewables highlighted “the importance of this project for the company’s future plans, as Canada offers significant possibilities and opportunities, and we intend to continue increasing our presence in the country going forwards.”

Manso Neto also pointed out “the important benefits that Sharp Hills Wind Farm will bring to the area. Its strong track record in energy production will allow us to create new jobs while generating low-cost, emissions-free electricity for all Albertans to enjoy.”

EDPR entered the Canadian market in 2010 and has an installed capacity in the country of 30 MW within a portfolio of wind farm projects being developed in Southwestern Ontario.