Cleveland-Cliffs, EDP Renewables sign long-term commercial agreement

EDP Renewablesand Cleveland-Cliffs have executed a 15-year power purchase agreement for 180 megawatts (MW) of the 200-MW Headwaters III Wind Farm in Randolph County. This PPA is included in the announcement EDPR issued on Tuesday, November 15, 2022. Headwaters III, located approximately 70 miles east of Indianapolis along the Ohio border, is anticipated to be operational in 2025 and will annually power the equivalent of more than 54,000 average Indiana homes. EDPR NA has developed and will construct, own, and operate Headwaters III Wind Farm, which is an extension of the operational 200-MW Headwaters I Wind Farm and the 198-MW Headwaters II Wind Farm in Randolph County. The project will create hundreds of jobs during peak construction and will employ local team members to operate and perform routine maintenance on the wind farm. Additional economic benefits in the form of landowner payments, local government payments, and an increase of money spent at businesses in the vicinity of the project will be disbursed as a result of the wind farm’s entrance into Winchester and projected 30-year lifespan. Headwaters III will save approximately 355 million gallons of water a year, which is the amount of water that would be needed by conventional generation sources to produce the same amount of capacity as the wind farm. The project will produce clean energy while minimizing impacts on wildlife, habitat, and other environmental resources. Cleveland-Cliffs and EDP Renewables’ Headwaters III Wind Farm partnership will mutually benefit both parties, affording Cleveland-Cliffs the opportunity to advance its environmental and social sustainability goals, and enabling EDPR NA to expand its portfolio in Indiana, where it reinforces and maintains its position as the top producer of wind energy in the state.