EDP Renewables and Shell Energy North America Execute Long-Term Agreement for a 200 Megawatt Solar Project in California
EDP ENERGIAS PRTGL S/ADR (EDPFY)
NASDAQ:AMEX Investor Relations:
edp.com/en/investors-0
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Source: GlobeNewswire
HOUSTON, TX, Nov. 06, 2019 (GLOBE NEWSWIRE) -- EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), and Shell Energy North America (US), L.P. (SENA) have closed on a 15-year power purchase agreement (PPA) for 200 megawatts (MW) that will bring the Sandrini Solar Park to Kern County, California. This PPA was announced by EDPR on October 25, 2019. Located near Bakersfield, the 200 MW Sandrini Solar Park, which is anticipated to be operational in 2022, represents an estimated capital investment of more than $200 million and will generate enough clean electricity to annually power more than 91,000 average California homes. The project will also bring a myriad of economic benefits to Californians through payments to local landowners and governments, job opportunities during construction and operations
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