EDF Renewable in Brazil announces the signing of a long-term electricity sales contract (PPA) with Braskem, a world leader in the manufacture of thermoplastic resins.
The contracted electricity will be produced by a new EDF Renouvelables wind project, with an installed capacity of 33 MW, whose construction will begin in 2019.
Through this contract, Braskem is the first industrialist in Brazil to join the large companies that like Google, Microsoft, Kimberly-Clark, Salesforce, Procter & Gamble, Walmart and Yahoo rely on EDF to provide them with renewable electricity and support them in their Energy Transition.
The 33 MW will be added to the 972 MW in operation or planned in Brazil, a country in which EDF Renouvelables is now one of the major players. These new capabilities contribute to EDF’s ambition for CAP 2030, which aims to double its renewable capacity worldwide by more than 50 GW between 2015 and 2030.
Located 350 km northwest of Salvador in the state of Bahia, the 33 MW project is an extension of the Folha Larga 1 wind project (with an initial capacity of 114 MW) won at the Brazilian Federal Auction. April 2018.
The increase in total project capacity to 147 MW will generate economies of scale in the construction and operation of the project.
When commissioned in 2021, the electricity production of the Folha Larga1 extension will be purchased by Braskem as part of a 20-year PPA.
With a portfolio of around 1,000 MW of wind and solar projects under construction or operating in Brazil, EDF Renouvelables is one of the leaders in the sector.
“EDF Renewables has become a reference for large companies wishing to become involved in the fight against climate change. For the past ten years, we have had many successes in France, the United States, the United Kingdom, Mexico and China, which demonstrate the competitiveness of our solutions. With 1 GW of wind and solar projects in Brazil, we are pleased to close today, our first long-term electricity sales contract in the country with Braskem, one of the largest local energy consumers. The free market is a real opportunity for companies in Brazil, where we hope to sign new contracts soon, ” says Bruno Fyot, EDF Renouvelables’ Deputy Chief Executive Officer.
About EDF Renewables (formerly EDF Energies Nouvelles)
EDF Renewables is an international leader in renewable electricity with an installed capacity of 14.2 GW gross worldwide. Its development is mainly focused on wind and solar photovoltaic. Mainly present in Europe and North America, EDF Renouvelables continues its development by taking positions in promising emerging markets such as: Brazil, China, India, South Africa and the Middle East. The Company, which is strongly positioned in the offshore wind power sector, is also active in other renewable energy sectors: distributed energies and energy storage. EDF Renouvelables ensures the development and construction of renewable energy projects as well as their operation and maintenance, on its own behalf and on behalf of third parties. The majority of its international subsidiaries are grouped around the EDF Renewables brand. EDF Renouvelables is the subsidiary of the EDF group dedicated to the development of solar and wind energy.