EDPR Signs 15-Year PPA with Facebook
- Aug 07, 2018
EDP Renewables, through its fully-owned subsidiary EDP Renewables North America, has secured a 139-megawatt, 15-year power purchase agreement (PPA) with Facebook for the energy produced at its Headwaters II Wind Farm in Randolph County, Ind.
Headwaters Wind Farm, consisting of two phases, has an installed capacity of 200 megawatts and is located some 70 miles east of Indianapolis along the Ohio border. It can produce sufficient clean energy to power the equivalent of more than 52,000 homes each year. In addition, the project will provide economic benefits such as jobs throughout the construction process and operation, landowner payments, as well as money spent in nearby communities.
The first phase of the project, Headwinds I Wind Farm, became operational in 2014 and has paid about $2.6 million in cumulative payments to local governments and more than $11.9 million to local landowners in 2017. The addition of Headwind II Wind Farm will increase the tax payments contributed to the county.
“EDP Renewables is pleased to work with Facebook to help in meeting their sustainability goal of procuring renewable energy to support their operations”, Joao Manso Neto, EDP Renewables CEO, said in prepared remarks. “Corporate purchasers, like Facebook, who purchase fixed, competitively-priced renewable energy have greatly contributed to the continued growth and success of the wind industry”.