EDPR clinches contract in Canada to sell battery-stored energy

EDP Renováveis has secured a long-term energy provision contract in Canada to sell energy and capacity and services linked to batteries.

The contract foresees the sale of energy for a period of 20 years to Ontario Independent Electricity System Operator, from its Edgeware BESS facility, which has a capacity to store 300MWh of energy through batteries.

The project is located in the city of St. Thomas in Ontário and is slated to begin operations in 2027.

EDPR has secured around 10GW of additional capacity for the period 2024 to 2026, over 70% of the objective.

The revised Strategic Plan was presented in May, 2024, and the company says that it is continuing to “reinforce its low-risk and growth strategy profile”, sustained in the development of “competitive” projects with long-term visibility.

At the time, EDP announced a “slowdown in investment” to 2026, setting a gross investment of €17Bn as a target between 2024 and 2026.