Novo Oriente Solar, the name given to EDP's new solar power plant, is located in the state of São Paulo and is part of the new investment project in renewable energies in Brazil and is the company's new bet for the country
During this past Wednesday, (20/04), the giant of the global energy sector, EDP, announced its newest investment project in renewable energies in the Brazilian territory: the construction of the solar power plant Novo Oriente Solar, which will be located in the state of São Paulo and is the company's newest bet for the national energy sector over the next few years.
Novo Oriente Solar solar power plant will have an installed capacity of 254 MW and is EDP's big bet for the energy sector in Brazil in the coming years
The global energy company EDP announced its newest project focused on renewable energies in Brazil, a sector that has been growing strongly over the last few years and is a bet of large global companies. Thus, the project is named Novo Oriente Solar and it is a gigantic solar energy plant located in the state of São Paulo, which is the big bet of the company to obtain an expansion in the installed capacity in Brazil.
Thus, the plant called Novo Oriente Solar is located in the state of São Paulo, in the municipality of Ilha Solteira, has already been granted and is expected to start operating in 2024, with the works being essential for the generation of new job opportunities for residents of the state. In addition, the project has a contract for the sale of energy for 120 MWac and EDP intends to further expand the developments and collaborations around this new plant.
Aiming to invest in an expansion of the solar energy production potential in Brazil, the new plant of the company EDP will have an installed capacity of 254 megawatts per alternating current (MWac) and reinforces the strategic orientation of EDP Brasil, which was presented to the market in the Strategic Plan 2021-2025, being the largest large-scale project in order to expand your participation in the Solar Generation segment. As a result, from 2024 onwards, EDP will be able to take advantage of the plant's high energy production potential to invest in new segments of renewable energies in Brazil.
EDP presents profit of BRL 809 million in the last quarter of 2021 and intends to expand results with a new solar plant in São Paulo
EDP has been growing more and more in the national market and announced a net profit of BRL 809 million in the fourth quarter of 2021, which represents a growth of 15,6% compared to the same period of 2020, showing the strength of its presence in the Brazilian territory. In addition, the 2021 Ebitda rose 27,5% compared to 2020, to R$ 4,3 billion and the company intends to expand even more the results with the use of the new solar energy plant in the state of São Paulo.
Thus, President João Marques da Cruz commented in EDP's earnings release on the delivery of results and expectations for the future: “We delivered economic results and delivered the implementation of the previously defined strategy. As for the results, we built an Ebitda of R$ 4,3 billion and net income of R$ 2,2 billion, with growth of 28% and 43%, respectively. In terms of strategy, we executed the planning through the asset rotation of three transmission lots”.
Now, the state of São Paulo awaits the start of construction work on EDP's new solar power plant so that job opportunities reach residents of the state while the company manages to expand its profits.
