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EDP ​​invests 35 million euros in solar energy in Brazil — will this be the decisive step to lead the renewables market in Latin America?

Written by Caio Aviz
Published 06/11/2024 às 15:30
Solar panel and wind turbines in a Brazilian landscape, symbolizing investment in renewable energy in Brazil
Brazil can lead the renewable energy market with investments in solar energy. Source: AI-generated
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EDP ​​expands presence in Brazil with 16 new solar plants in four states

A EDP, a global energy giant, has just announced a strategic investment of 35 million euros in Brazil, with the acquisition of 16 new solar plants; therefore, by distributing these plants in the states of Bahia, Mato Grosso, Mato Grosso do Sul and Paraná, EDP not only expands its operations, but also strengthens the company's presence. renewable energy in the country.

EDP’s New Bet in Brazil: Solar Expansion in Four States

With this investment, EDP will expand its solar generation in a distributed manner; five plants are already operational, while the others are expected to come into operation by 2025, reinforcing the company's commitment to innovation, in addition to remaining aligned with global sustainability goals.

Strategic Distribution of Power Plants and Shared Energy

The plants were therefore strategically distributed: 10,9 MWp in Bahia, 12,5 MWp in Mato Grosso, 12,9 MWp in Mato Grosso do Sul and 7,7 MWp in Paraná; in addition, these plants will operate in a distributed generation model, providing solar energy to small companies without the need for their own investments in infrastructure.

EDP ​​Target: 500 MWp of Solar Energy by 2026

By 2026, EDP plans to reach 500 MWp of solar energy in Brazil; in this way, the company expands its leadership and contributes significantly to the energy transition, consolidating the country as one of the main focuses of its global operations in renewables.

Brazil as a Pillar of EDP's Global Strategy

Brazil is ideal for the growth of solar energy, as it has high solar incidence and growing demand; therefore, EDP not only strengthens its position in the country, but also expands its global presence with this project, ensuring a more sustainable future.

Economic and Environmental Benefits

By expanding solar energy, EDP reduces carbon emissions, creates jobs and promotes innovation; thus, Brazil benefits from a cleaner energy matrix and a stronger energy market.

Waiting for CADE Approval

However, final approval from CADE is required; after this step, EDP will add more than 250 MWp of solar capacity in Brazil, consolidating itself as one of the country's leading renewable energy companies.

Commitment to a Sustainable Future

In short, EDP invests in a clean and affordable energy matrix, promoting innovation; in doing so, it reinforces its leadership in the solar sector, prepared for the challenges of an increasingly green market.

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Caio Aviz

I write about the offshore market, focusing on oil and gas, job vacancies, renewable energy, mining and the economy. Always seeking daily updates and relevant topics, I present rich, considerable and meaningful content.

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