EDPR

EDP Renewables and Walmart Announce 15-Year Power Purchase Agreement in Texas

Retrieved on: 
Tuesday, March 26, 2024
Electricity, EDPR, Walmart, School, Carbon footprint, Quality of life, Wind, Restaurant, River source, PPA, EDP Renewables North America, Renewable energy

HOUSTON, March 26, 2024 /PRNewswire/ -- EDP Renewables North America LLC (EDPR NA) and Walmart Inc. have signed a 15-year power purchase agreement (PPA) for a portion of a new 180-megawatt (MWac) solar project in Texas. Under the PPA, Walmart will be an offtaker for 162 MWac, complementing its current corporate procurement from EDPR NA projects of 233 MWac of utility-scale solar and wind energy and 36 MWac of distributed solar.

Key Points: 
  • HOUSTON, March 26, 2024 /PRNewswire/ -- EDP Renewables North America LLC ( EDPR NA ) and Walmart Inc. have signed a 15-year power purchase agreement (PPA) for a portion of a new 180-megawatt (MWac) solar project in Texas.
  • The new utility-scale project will power the equivalent of more than 27,000 homes in the Lone Star state each year.
  • "Walmart has shown immense leadership in driving local environmental stewardship and supporting the local economies of its employees' and customers' communities," added Sandhya Ganapathy , EDP Renewables North America CEO.
  • Since 2018, Walmart has been working with both EDPR NA's utility-scale and distributed generation business (EDPR NA Distributed Generation – "EDPR NA DG").

EDP Renewables North America and Volt Energy Utility Announce Solar Project with Microsoft Focused on Environmental Justice & Resiliency Building

Retrieved on: 
Tuesday, March 19, 2024
Electricity, Microsoft, EDPR, Organization, EDP Renováveis, Biophysical environment, Partnership, Guarantee of origin, Controlled Substances Act, Wind, Carbon, Student, Woman, EJ, Justice, Workforce, PV, Volt, EDP Renewables North America, Renewable energy

HOUSTON, March 19, 2024 /PRNewswire/ -- EDP Renewables North America (EDPR NA) and Volt Energy Utility, announced a partnership today launching the development of Hickory Solar Park (Hickory), a 110 MWac photovoltaic (PV) project located near Jerseyville, Illinois. Microsoft has agreed to purchase electricity and renewable energy credits (RECs) for fifteen years from the project. This arrangement drives concrete action toward the three companies' shared commitment to an equitable and just transition of the electric power sector.i

Key Points: 
  • Microsoft has agreed to purchase electricity and renewable energy credits (RECs) for fifteen years from the project.
  • With this EJ PPA, Hickory will contribute funding to enable the Sharing the Power Foundation to administer funds to mission-aligned programs.
  • "We are pleased to work with EDP Renewables and Volt Energy in reducing our environmental impact, and helping under-resourced communities build climate resilience," noted Kourtney Nelson, Senior Director of Renewable Energy Procurement, Microsoft.
  • In addition to the Hickory announcement, Microsoft also recently executed power purchase agreements at EDPR's Wolf Run Solar Park (140MWac, Illinois) and Cattlemen Solar Park II (150MWac, Texas).

Scale Microgrids Welcomes Nuno Escaja Gonçalves as Chief Financial Officer

Retrieved on: 
Tuesday, February 27, 2024
Professional Services, Environment, Alternative Energy, Green Technology, Energy, Finance, Fintech, CFO, Acquisition, Generation, EDP Group, EDPR, Distributed generation, Capital market, Investment, Growth, Interim, EDP Renewables North America, Control, Wind

Scale Microgrids (“Scale”), the leading vertically-integrated distributed energy platform and financing provider, is excited to announce the hiring of Nuno Escaja Gonçalves as its new Chief Financial Officer (CFO).

Key Points: 
  • Scale Microgrids (“Scale”), the leading vertically-integrated distributed energy platform and financing provider, is excited to announce the hiring of Nuno Escaja Gonçalves as its new Chief Financial Officer (CFO).
  • Nuno Escaja Gonçalves joins Scale from EDP Renewables North America (“EDPR NA”), where he most recently served as the CFO of their Distributed Generation division and sat on the Management Committee.
  • “We’re thrilled to have someone as talented as Nuno joining the team,” said Scale’s Chief Executive Officer and Co-Founder Ryan Goodman.
  • Nuno Escaja Gonçalves’s appointment to the new CFO role is an expansion of Scale’s C-suite, adding to the company’s team of highly experienced clean energy executives.

CONNOR, CLARK & LUNN INFRASTRUCTURE TO EXPAND RENEWABLE ENERGY PORTFOLIO WITH INVESTMENT IN 297 MEGAWATT ALBERTA WIND FARM

Retrieved on: 
Wednesday, February 14, 2024
EDP, EDPR, Torys, EDP Renováveis, Project, Enterprise value, Wind, EDP Renewables North America, Farm, CC, Renewable energy

"The Sharp Hills wind farm is an attractive addition to our increasingly diverse portfolio of infrastructure assets.

Key Points: 
  • "The Sharp Hills wind farm is an attractive addition to our increasingly diverse portfolio of infrastructure assets.
  • "CC&L Infrastructure has a long history and significant expertise as an owner of more than 80 clean energy projects.
  • "We're excited to partner again with CC&L Infrastructure, this time in Alberta," added Sandhya Ganapathy, CEO of EDP Renewables North America.
  • "The Sharp Hills project underscores our continuing commitment to invest in Alberta and contribute to its grid resiliency and energy security.

Solas Energy Celebrates EDP Renewables North America's Successful Completion of 297 MW Wind Farm in Alberta, Canada, Paving the Way for a Sustainable Future

Retrieved on: 
Thursday, February 8, 2024
AB, Energy, EDP Renewables North America, Growth, EDP Renováveis, SAB, Restaurant, School, EDPR, Environment, Special Areas Board, TC Energy, Wind, Ministry of Energy (Alberta), Eastern United States, Radius, Renewable energy

CALGARY, AB, Feb. 8, 2024 /PRNewswire-PRWeb/ -- Solas Energy, a leader in providing comprehensive strategy and consulting services for renewable energy solutions, proudly acknowledges the operational commencement of the Sharp Hills Wind Farm in Alberta, Canada, a groundbreaking achievement by EDP Renewables North America (EDPR NA). This project, boasting 297 megawatts (MW) of installed capacity, further solidifies EDPR NA's position as a top renewable energy developer and operator in Canada.

Key Points: 
  • This project, boasting 297 megawatts (MW) of installed capacity, further solidifies EDPR NA's position as a top renewable energy developer and operator in Canada.
  • Calgary-based TC Energy, a leading energy infrastructure company, serves as the energy offtaker for the project, underlining the collaborative efforts within the industry.
  • We look forward to continued collaboration with Solas Energy focused on creating a more resilient Canadian energy grid."
  • Solas Energy remains committed to advancing the renewable energy landscape and supporting projects that contribute to the growth of sustainable energy practices.

EDP Renewables North America Announces Operations Commencement of Sharp Hills Wind Farm in Alberta, Canada

Retrieved on: 
Monday, January 22, 2024
EDP Renewables North America, Empowerment, Special, Natural gas, Wind, Heart, EDPR, School, MOU, SAB, TC Energy, Special Areas Board, EDP Renováveis, Workforce, Restaurant, CAD, EDP, IAC, Special Area

Alberta, Canada, Jan. 22, 2024 (GLOBE NEWSWIRE) -- EDP Renewables North America ( EDPR NA ), a leading renewable energy developer and a top five renewable energy operator in the United States, alongside EDP Renewables Canada Ltd. (EDPR Canada), celebrates Sharp Hills Wind Farm becoming operational near the hamlets of Sedalia and New Bridgen in Alberta, Canada.

Key Points: 
  • Alberta, Canada, Jan. 22, 2024 (GLOBE NEWSWIRE) -- EDP Renewables North America ( EDPR NA ), a leading renewable energy developer and a top five renewable energy operator in the United States, alongside EDP Renewables Canada Ltd. (EDPR Canada), celebrates Sharp Hills Wind Farm becoming operational near the hamlets of Sedalia and New Bridgen in Alberta, Canada.
  • Sharp Hills Wind Farm represents an estimated capital investment of over $600M CAD and contributes to the local economy through job creation and funding to the community.
  • “I’m extremely proud of this milestone, as it marks the largest single-phase wind farm developed by EDP Renewables to date in North America,” stated Sandhya Ganapathy, CEO of EDPR NA.
  • In addition to Sharp Hills, the company also operates the 100 MW Nation Rise Wind Farm and the 30 MW South Branch Wind Farm , both located south of Ottawa.

Arcadia becomes first community solar provider to reach 2GW capacity

Retrieved on: 
Wednesday, January 10, 2024
Risk, Growth, Community, Policy, Partnership, Elevate, Carbon, Private sector, Solar energy, EDPR, Coal, Renewable energy

DENVER, Jan. 10, 2024 /PRNewswire/ -- Arcadia, a technology company connecting the clean energy future, is thrilled to announce a groundbreaking milestone in the clean energy sector. Arcadia now manages 2 gigawatts (GW) of community solar capacity and counting, reinforcing its commitment to a sustainable future and expanding access to renewable energy.

Key Points: 
  • Arcadia now manages 2 gigawatts (GW) of community solar capacity and counting, reinforcing its commitment to a sustainable future and expanding access to renewable energy.
  • Community solar makes it easy for individuals and businesses to access clean energy and solar savings — without the costly logistical barriers associated with private solar panels.
  • As respective solar farms generate clean energy, Arcadia makes sure that enrolled customers automatically receive solar credits on their power bills, resulting in annual savings.
  • Key highlights of Arcadia's journey to 2 GW in community solar include:
    Expanding geographic reach: Arcadia's community solar program spans across 15 states from coast to coast, connecting over 223K subscribers to active or planned solar projects.

EDP Renewables North America Launches the Close the Loop Program

Retrieved on: 
Tuesday, December 12, 2023
Entrepreneurship, Recycling, Government, Ally Energy, EDP, EDP Group, Biophysical environment, Globalization, ISO 9001, Business, Loop, ESG, NREL, EDP Renováveis, Pearson Yachts, EDP Renewables North America, ERI, Electronics, ISO, Certification, Environment, COP28, Partnership, CSA, Wind, Business development, EDPR, Renewable energy

The announcement comes on the heels of EDPR NA’s partnership with SOLARCYCLE , an advanced technology-based solar recycling company, alongside continuing work with 18 additional leaders in the recycling services sector throughout North America.

Key Points: 
  • The announcement comes on the heels of EDPR NA’s partnership with SOLARCYCLE , an advanced technology-based solar recycling company, alongside continuing work with 18 additional leaders in the recycling services sector throughout North America.
  • “As an innovative solar recycling company with industry-leading technology that can recycle and recover over 95% of the valuable material from a solar panel, we are thrilled that EDP Renewables North America has chosen SOLARCYCLE as a top, trusted partner for its new Close the Loop Program,” said Suvi Sharma, CEO and Co-Founder of SOLARCYCLE.
  • “We’re excited to be ending the year focusing on tackling one of the key challenges our industry has had to date – namely the sustainability practices associated with recycling of materials during and post-construction of renewables projects,” stated Sandhya Ganapathy, CEO of EDP Renewables North America.
  • Janette Freeman, Director of Business Development at Fabtech Solar Solutions added, “We’re looking forward to our continued collaboration with EDP Renewables North America on the launch of their Close the Loop Program in supporting a truly circular economy focused on recycling.

Arcadia joins EDPR NA Distributed Generation and Google partnership to implement bill reductions for 25,000 low-income households & deploy pre-weatherization funds with nonprofit Elevate

Retrieved on: 
Wednesday, November 8, 2023
PJM, Health, Carbon, Electricity, National Trust Community Investment Corporation, EDPR, Partnership, Investment, Native, Elevate, Renewable energy

Elevate will partner with local communities in Ohio to install health and safety home improvements made possible by the $12.5M Community Investment Fund the program creates.

Key Points: 
  • Elevate will partner with local communities in Ohio to install health and safety home improvements made possible by the $12.5M Community Investment Fund the program creates.
  • In a first-of-its-kind move, EDPR NA DG and Google announced their innovative partnership in April 2023 to rapidly address both carbon-free and social impact goals.
  • "This collaboration stems from a tremendous amount of thought leadership and technological innovation from the teams at EDPR NA DG, Arcadia, Elevate Energy, and Google.
  • "This partnership exemplifies our commitment to cheaper, cleaner energy access," said Kiran Bhatraju, co-founder and CEO of Arcadia.

EDP Renewables net profit increases to 467 million euros in the first nine months of 2023

Retrieved on: 
Tuesday, October 31, 2023
PPA, EBITDA, Rotation, EDP Renováveis, Wind, Growth, EDPR, EDP, GW, Recycling, Investment, Renewable energy, Ocean Wind

EDP Renewables registered a net profit of 467 million euros until September, up to 12% year-on-year in recurring terms.

Key Points: 
  • EDP Renewables registered a net profit of 467 million euros until September, up to 12% year-on-year in recurring terms.
  • The company’s recurrent EBITDA reached €1,437 million, a 3% decrease interannually, with overall performance improving in Europe, South America, and APAC and lower contributions from North America.
  • In the first nine months of 2023, EDPR’s gross investment reached close to 3.4 billion euros, with over 80% of its CAPEX invested in Europe and North America.
  • EDP Renewables is actively working to decarbonize the economy by accelerating its renewable deployment and technological mix.