{"id":8028,"date":"2021-09-21T10:17:31","date_gmt":"2021-09-21T09:17:31","guid":{"rendered":"https:\/\/www.b-comm.fr\/en\/?p=8028"},"modified":"2021-09-21T10:17:31","modified_gmt":"2021-09-21T09:17:31","slug":"edpr-secures-a-15-year-ppa-for-a-297-mw-wind-project-in-canada","status":"publish","type":"post","link":"https:\/\/www.b-comm.fr\/en\/2021\/09\/21\/edpr-secures-a-15-year-ppa-for-a-297-mw-wind-project-in-canada\/","title":{"rendered":"EDPR secures a 15-year PPA for a 297 MW wind project in Canada"},"content":{"rendered":"<p><strong>The company has closed the agreement with TransCanada Energy to sell the green energy from its Shap Hills wind farm, avoiding estimated annual emissions of 700 thousand tons of CO2.<\/strong><\/p>\n<p><strong>With this new PPA, EDPR now has 0.4 GW of secured capacity in Canada. <\/strong><\/p>\n<p><strong>Madrid,\u00a0September 21st\u00a02021.<\/strong>\u00a0EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, through its fully owned subsidiary EDP Renewables Canada Ltd. (EDPR Canada), and TC Energy Corporation have executed a 15-year power purchase agreement (PPA) for 100 percent of the output of the 297-megawatt (MW) Sharp Hills Wind Farm, located in the Special Areas municipality near the hamlets of Sedalia and New Bridgen, in the province of Alberta.\u00a0 The PPA will enable the continued development and eventual construction and operations of the wind farm, subject to customary regulatory approvals and conditions.<\/p>\n<p>The wind farm is expected to be operational in 2023 and will provide economic benefits to the local project communities and the province of Alberta in the form of payments to local landowners and property tax revenue to the Special Area Board. Sharp Hills will also contribute to the increase in money spent at businesses in the vicinity of the wind farm. The project will create jobs with approximately 300 employment opportunities during the wind farm\u2019s construction and 15-20 permanent, local jobs during the project\u2019s operational life. The Sharp Hills Wind Farm will also generate enough electricity to annually power the equivalent of more than 164,000 average Alberta homes and will save approximately two billion litres of water per year as well as avoiding estimated annual emissions of\u00a0700\u00a0thousand tons of CO<sub>2<\/sub>.<\/p>\n<p>EDPR entered the Canadian market in 2010 with the acquisition of a portfolio of wind farm projects. The Sharp Hills Win Farm is EDP Renewables\u2019 third wind farm in Canada, joining its 30-MW South Branch Wind Farm and 100-MW Nation Rise Wind Farm, both of which are operational and located in Ontario.<\/p>\n<p>With this new agreement, it now has 0.4 GW of secured capacity in Canada that will be operational from 2021.<\/p>\n<p>EDPR&#8217;s success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.<\/p>\n<p>The company recognises the strong fundamentals and dynamic growth of the wind market in Canada, and with this new PPA, the firm will contribute to the Canada\u2019s energy transition towards carbon neutrality.<\/p>\n<hr \/>\n<h3>About EDP Renewables (EDPR)<\/h3>\n<p>EDP Renewables (Euronext: EDPR), is a global leader in the renewable energy sector and\u00a0the world&#8217;s fourth-largest renewable energy producer.\u00a0With a sound development pipeline, first class assets,\u00a0and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 17 international markets (Belgium, Brazil, Canada, Colombia, France, Greece, Italy, Mexico, Poland, Portugal, Romania, Spain, Hungary, Chile, Vietnam, the United Kingdom,\u00a0and the United States).<\/p>\n<p>EDPR is committed to furthering social advances in terms of sustainability and integration. This is reflected by the inclusion of the company in the Bloomberg Gender Equality index and the fact that it has been certified as a\u00a0Top Employer 2020 in Europe (Spain, Italy, France, Romania, Portugal,\u00a0and the United Kingdom)\u00a0and a Top Workplace 2020 in the United States,\u00a0both of which recognize its employee-driven policies.<\/p>\n<p>Energias\u00a0de Portugal, S.A. (\u201cEDP\u201d), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation,\u00a0and sustainability. EDP has been included in the Dow Jones Sustainability Index for 13 consecutive years.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has closed the agreement with TransCanada Energy to sell the green energy from its Shap Hills wind farm, avoiding estimated annual emissions of 700 thousand tons of CO2. With this new PPA, EDPR now has 0.4 GW of secured capacity in Canada. Madrid,\u00a0September 21st\u00a02021.\u00a0EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5825,5828],"tags":[],"class_list":["post-8028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5825","category-edpr"],"_links":{"self":[{"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/posts\/8028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/comments?post=8028"}],"version-history":[{"count":1,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/posts\/8028\/revisions"}],"predecessor-version":[{"id":8029,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/posts\/8028\/revisions\/8029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/media\/7807"}],"wp:attachment":[{"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/media?parent=8028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/categories?post=8028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/tags?post=8028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}