EDP Renewables' subsidiary Horizon Wind Energy wins 10-year contract with New York energy, utility agencies to sell renewable energy credits of 45 MW from its Marble River wind farm, expected to begin operation in 2012
June 3, 2011
– EDP Renováveis SA (“EDPR”), through its fully owned subsidiary Horizon Wind Energy LLC (“Horizon”), was awarded a 10-year contract by the New York State Energy Research and Development Authority (“NYSERDA”) in conjunction with the Public Service Commission (“PSC”) to sell the renewable energy credits (“RECs”) equivalent to 45 MW from its Marble River Wind Farm project in the New York state, expected to be commissioned in 2012.
This agreement follows the contract awarded in April 2010 also from NYSERDA and PSC to sell for 10-years the RECs equivalent to 171 MW of the Marble River Wind Farm, bringing the total contracted capacity to 216 MW.
EDPR keeps its commitment to install capacity with high top-line visibility for the long-term.