november 27, 2015 - Federation International de l'Automobile

Formula E announces collaboration with EDPR

Formula E, the world’s first fully-electric racing series, has today confirmed its collaboration with EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer.

EDPR has donated 10,000 green certificates under the new collaboration, enough to cover the energy needs for the whole inaugural season and aligning Formula E’s energy consumption with the environmental attributes of wind energy from the purchase of Renewable Energy Certificates (RECs).

Alejandro Agag, CEO of Formula E, said: “I’m delighted that EDPR has enabled us to cover the energy needs of the inaugural season of Formula E. We are both committed to the promotion and use of renewable energies in addition to minimising carbon footprint. This makes our collaboration with EDPR a perfect match.”

Gabriel Alonso, CEO of EDP Renewables North America, added: “Through this initiative, EDPR is looking to support new R&D technologies within the automobile industry associated with electrical power. The ultimate aim is to generate interest among motorsport fans for race cars that run on less polluting energies.”