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Seeking To Expand Its Activities In Solar Energy Generation, EDP Brazil Announced The Construction Of Its First Solar Plant In Rio Grande Do Norte, In The Cities Of Pedro Avelino, Jandaira, And Lajes
EDP Brazil announced on Monday (25) that it is investing in the development of its first solar plant. The project has been named Monte Verde Solar and will be developed alongside EDP Renewables in Rio Grande Do Norte. The solar plant will have a capacity of 209 MW and will be located in the cities of Pedro Avelino, Jandaira, and Lajes. According to EDP, in a market statement, the project is already authorized and is expected to begin operations in 2024.
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EDP’s Solar Plant In Rio Grande Do Norte Will Have Capacity Of 1 GW By 2025
According To EDP Brazil’s CEO, João Marques da Cruz, with new investments in the renewable energy sector, EDP is advancing its goal announced in the Strategic Plan 2021-2025 to expand its solar energy park in Brazil more than 25 times compared to 2020. The CEO states that it is an essential step in the company’s proposal to replace hydropower generation with solar energy.
The venture, in addition to being authorized, is guaranteed connection to the transmission system. The solar plant in Rio Grande do Norte also has a Power Purchase Agreement for 15 years with EDP Trading, which has already allocated the energy in contracts of the same duration.
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By 2025, the company plans to reach the mark of 1 GW in installed capacity for generation through solar energy. With the announcement of the Monte Verde Solar project, the company’s portfolio in this source reaches 310 MW.
Solar Energy Market In Rio Grande Do Norte
Photovoltaic solar energy, with an increase of 175% in 2019 according to Aneel, is considered one of the largest investments in Rio Grande Do Norte, which has reached a total of 61 MW of installed capacity.
The state is known for having one of the highest solar irradiation levels due to its proximity to the equator. Rio Grande do Norte has irradiation levels reaching 18 Mj/m² annually.
By 2019, solar plants in Rio Grande do Norte reached a total of 1,986 divided into commercial, residential, rural, and even public service installations.
Get To Know EDP Brazil
EDP Brazil is a national holding company in the energy sector. The company has investments in energy, distribution, generation assets, transmission, and commercialization in 11 states. They are: Espírito Santo, São Paulo, Mato Grosso do Sul, Minas Gerais, Tocantins, Amapá, Maranhão, Pará, Ceará, Rio Grande do Sul, and Santa Catarina.
In terms of distribution, the company fully controls EDP São Paulo, which operates in 28 cities, and EDP Espírito Santo, which serves 70 of the 78 municipalities, totaling more than 3.5 million customers in both states.
In the energy generation sector, the group participates in the following plants: UHE São Manoel (MT/PA), UTE Pecém I (CE), UHE Peixe Angical (TO), UHE Santo Antônio do Jari (AP/PA), UHE Luís Eduardo Magalhães (TO), UHE Cachoeira Caldeirão (AP/PA), UHE Mascarenhas (ES).
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