EDP Renováveis seals deal with Google

 In Companies, EDP, News, Renewables

EDP Renováveis, the renewables arm of Portugal’s multinational electricity generator and provider EDP, has closed a deal with Google to sell energy to the Netherlands.

Jornal Económico reports today that the news about the Power Purchase Agreement (PPA) which will last 15 years, has already been sent to the Portuguese capital markets regulator, CMVM.
The deal involves a 40 MWac (49 MWdc) portfolio of four photovoltaic solar power projects in the Netherlands which are expected to come on line in 2023 and 2024.
EDP also informs that two projects are in the municipality of Berkelland which are under construction, another in Lochem, and the fourth in Smallingerland. “This agreement, secured through Kronos Solar EDP, is the first PPA secured by EDP in the Netherlands.
EDP states that the Netherlands “has ambitious goals in terms of renewable energies, with the goal of reducing CO2 emissions by 55% by 2030.
It plans to do this by expanding its onshore wind capacity to 7.5-8.5 GW by 2030, expanding its solar capacity to 27 GW by 2030, and increasing its installed offshore wind capacity from 11GW to 21 GW. The Netherlands has also outlined its own goals of having 75% of all of its electricity generated from renewable sources by 2030.