EDP, the largest Portuguese investor in Brazil, will triple its resources in solar energy in the country

Solar energy generation, EDP wants to maintain a pioneering attitude and innovation in more areas that will gain a lot of space in Brazil

The Portuguese company EDP, through EDP Smart, will triple its investments in solar energy in Brazil, increasing from the current R$ 100 million to R$ 300 million per year. The company already has 29 MWp of installed capacity in the country and 59 MWp in sold projects. Roof that generates solar energy from Eternit is approved by Inmetro and can now be sold in Brazil

Read also

• Potential of solar energy can contribute to the development of the Amazon
• Solar energy projects grow in Brazil and attract the attention of investors
• Roof that generates solar energy from Eternit is approved by Inmetro and can now be sold in Brazil

“If there is a place in the world with potential for growth in solar energy, that place is Brazil. We have an unparalleled competitive advantage,” said Carlos Andrade, Vice President of Strategy and Business Development at EDP.

“We are going to invest in centralized generation as well. However, we are not interested in offering energy for the system as a whole, but for the end customer, such as commerce, industry and together with EDP Renováveis”, commented Andrade.

For the B2B (Business-to-Business) segment, the company seeks long-term contracts, between 10 and 15 years. “It is important to establish a long-term relationship with our customers”, explained the executive.

According to Rodrigo Sauaia, CEO of ABSOLAR (Brazilian Association of Photovoltaic Solar Energy), the technology for producing energy by converting solar radiation is a “revolution” with no return.

Currently, Brazil has 6,4 GW of installed solar energy capacity, accumulating more than R$ 33,1 billion in investments and more than 190 jobs generated.

According to ABSOLAR, the country occupies the 16th position in the world ranking of solar energy use.

EDP ​​Renováveis ​​expectations

EDP ​​believes that, after the peak and worst moment of COVID-19, Brazil will be able to resume the path of growth. It is a resilient economy, with immense resources and a great capacity for recovery.

“For this reason, we continue to have long-term plans for the country, with consistent investments in Distribution, in order to continuously improve our service, and concluding our transmission lots within the agreed cost and deadlines, maintaining the excellence for which EDP ​​became recognized in the country. We have been working to increase our presence in the B2C segment as well, consolidating EDP Smart and the full range of services offered in solar generation, energy efficiency and electric mobility”, says the president of EDP Brasil.

In Brazil, EDP is also a reference in areas such as Innovation, Governance and Sustainability, having been included in the B14 Corporate Sustainability Index (ISE) for 3 consecutive years. One of EDP's most recent and emblematic initiatives in this field was its commitment to the United Nations (UN) to ensure that, by 2030, 100% of the energy generated by the Company in Brazil will come from renewable sources.

EDP ​​also subscribes to a series of national and international initiatives linked to sustainability, with emphasis on the Global Compact for ONU; the Brazilian GHG Protocol Program, a business initiative to account for greenhouse gases; and the Carbon Disclosure Project (CDP), related to climate change.