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The millionaire investment in solar energy will be made by EDP with the aim of further expanding the solar energy sector in the state
EDP, an energy company, revealed an investment of BRL 530 million in generation and transmission of solar energy in Goiás. The investment in solar energy was announced during a event in the state, evidencing the company's commitment to the expansion of the renewable energy sector. Resources will be allocated according to the following division: R$ 325 million will be allocated to the construction of 11 plants, with an installed capacity of 48 MWp, until next year. Of these, 27 MWp are under construction, including a plant that supplies energy to Banco do Brasil, while 21 MWp are under development, According to the Exam website.
Additionally, another BRL 200 million will be invested in transmission between 2023 and 2024. It is worth mentioning that EDP acquired Celg Transmissão in early 2022. The funds will be directed towards expanding, modernizing and increasing the capacity of seven substations. In addition, R$ 5 million will be allocated to social impact projects, such as EDP nas Escolas. The total amount of investment will come from the company's investment budget (Capex) for the next two years.
The importance of investments in the renewable energy sector
EDP highlights the importance of distributed solar generation, both for the company and for the population and companies of Goiás. Through this investment, consumers will have the advantage of paying a price lower than that practiced by the local distributor. A two-year contract will be signed, in which, at the end of the period, people and companies in the state will be able to choose which generation method of energy want to adopt.
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It is believed that the distributed generation of solar energy will be preferred, due to its economic and environmental advantages, in addition to not requiring initial investment. João Marques da Cruz, CEO of EDP Brasil, emphasizes the relevance of this modality for the company.
The price reduction in relation to the traditional tariff, which reaches around 10%, is directly related to the subsidies and incentives granted for the generation of solar energy. No additional contracts were signed between EDP and the local distributor, Equatorial.
This investment in solar energy is part of the EDP Group's plan to become completely sustainable by 2030. In Brazil, the company plans to invest at least R$ 6 billion up to 2025, with the aim of expanding its presence in the solar energy sector and reducing dependence on thermoelectric plants, as stated by the CEO in an interview with EXAME IN in 2022. EDP reinforces its commitment to the energy transition and contributes to the sustainable development of the country .
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