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By 2025, Brazil's EDP plans to operate 1GW of solar capacity

 Last Update: 2023-01-03
 Source: Internet
 Author: User

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Comprehensive foreign media news, Brazilian power company EDP (Energias do Brasil) aims to achieve 1 GW of solar installed capacity
by 2025.

Henrique Freire, the company's chief financial officer, revealed in a virtual meeting with investors that the company will work with sister company EDP Renovaveis to grow
its solar installed capacity through acquisitions and participation in tenders.

Brazilian electricity company EDP, the electricity company of Energias de Portugal, the Brazilian subsidiary of Portuguese utility EDP, will also carry out solar project development
through EDP Renovaveis, in addition to the auction of large-scale solar projects designed by the Brazilian government to regulate the market.

The company's new investment financing strategy also involves the sale of operating plants or transmission lines
, Reuters reported.

Overall, the company plans to invest a total of R$10 billion ($1.
84 billion) in the country between 2021 and 2025, of which R$3 billion is planned for solar projects
.

According to its latest electricity report, EDP Group had 436 MW of renewable energy
in Brazil through EDP Renovaveis by the end of the first quarter of 2021.

Comprehensive foreign media news, Brazilian power company EDP (Energias do Brasil) aims to achieve 1 GW of solar installed capacity
by 2025.

The company's new investment financing strategy also involves the sale of operating plants or transmission lines
, Reuters reported.

Overall, the company plans to invest a total of R$10 billion ($1.
84 billion) in the country between 2021 and 2025, of which R$3 billion is planned for solar projects
.

According to its latest electricity report, EDP Group had 436 MW of renewable energy
in Brazil through EDP Renovaveis by the end of the first quarter of 2021.

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