EDP signs power sales deal for Rising Tree wind farm in California

EDP Renováveis SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC, secured a 20-year Power Purchase Agreement (PPA) to sell the energy produced from its 80-MW Rising Tree wind farm project to an unnamed party.

EDPR said in a brief Aug. 27 statement that the project is located in California and expected to be installed in 2014. With this new arrangement EDPR said it has already secured 0.4 GW of PPAs for projects to be installed in 2014-15.

EDPR said it continues to execute a flexible business and adjusting growth to the most attractive countries. The development of wind energy in the U.S. has been experiencing a more favorable environment following the extension by Congress in January 2013 of the federal Production Tax Credit (PTC), which is creating new growth opportunities for EDPR in the short-term, the company added. Under that extension, projects need to be in construction by the end of this year.

The Federal Energy Regulatory Commission in a May 22 letter to Southern California Edison signed off on a large generator interconnection agreement with Rising Tree Wind Farm LLC, the developer of a 199-MW wind project. The proposed commercial operation date for the project is Oct. 31, 2015. The filing at FERC indicated that Rising Tree Wind Farm is affiliated with EDP Renewables North America.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.