Friday, March 8, 2019

EDP Renewables, Microsoft execute wind energy agreement in Ohio

EDP Renewables SA, through its fully owned subsidiary EDP Renewables North America LLC, and Microsoft Corp. have executed two 15-year power purchase agreements (PPA) totaling 125 megawatts (MW) that will bring the Timber Road IV Wind Farm to Ohio’s Paulding County. These PPAs are included in the announcement EDPR issued on July 24, 2018.

The 125 MW Timber Road IV Wind Farm is expected to be operational in 2019 and will produce enough clean electricity to annually power more than 36,000 average Ohio homes. The wind farm will also yield employment opportunities — approximately 200 full-time equivalent jobs during construction (expected to commence in several months following approval from the Ohio Power Siting Board on Feb. 21, 2019) and seven full-time positions during operations. In addition, the new wind farm will generate approximately $1.1 million each year in annual property tax revenue for the local government as well as land lease payments to area farmers and landowners.