EDP Puts Three Hydropower Plants Up For Sale Aiming At The Solar Energy Industry

Written by Valdemar Medeiros

Published on 27/04/2021 at 13:37

Painéis de energia solar – Fonte: ABsolar

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Thinking of Migrating to Solar Energy Industry, EDP Brazil Puts Three of Its Six Hydroelectric Plants Up for Sale

In order to reconfigure its solar energy generation portfolio, EDP has put three of its six hydroelectric plants operating in Brazil up for sale. With the process already underway, EDP is expected to receive non-binding proposals for the hydroelectric plants in the coming weeks.

Money from the Sale of Hydroelectric Plants Will Be Invested in New Solar Energy Plants, Said the President of EDP Brazil

According to João Marques da Cruz, the new president of EDP Brazil, the initiative has two main missions. The first is to raise funds to ensure that investments in solar photovoltaic energy occur as quickly as possible, as it is one of the main sectors in which the company intends to invest.

The second is to reduce the risk of the portfolio linked to hydroelectric plants, whose source has faced significant challenges due to scarcity. He states that by the end of 2025, EDP will have more generation than it currently has; thus, the company will not discard hydroelectric plants but will rely more on solar energy. Marques preferred not to provide details about this process. However, the newspaper Valor Econômico reported that the hydroelectric plants Cachoeira Caldeirão (AP), Santo Antônio do Jari (AP), and Mascarenhas (ES) have been sold, totaling 800 MW.

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EDP and Its Solar Energy Solutions

With 54,753 kWh of installed energy, EDP provides solar energy solutions for both buildings and homes, allowing for self-production and consumption of energy. Annually, EDP’s solar panels and plants reduce CO2 emissions in the atmosphere by 17 tons.

In 2018, the company built a solar power plant that provides 100% sustainable energy for 88 Banco do Brasil branches in the state of Minas Gerais; through this project, the reduction in emitted gases reaches one ton per year, equivalent to more than 7,000 planted trees. With the investments coming from the sale of the hydroelectric plants next year, EDP will further contribute to sustainable development.

About EDP

Arriving in Brazil in 1996, EDP Brazil is a Brazilian holding company centered on the electric sector, operating in 11 states: Minas Gerais, Mato Grosso do Sul, Tocantins, Amapá, Pará, Maranhão, São Paulo, Espírito Santo, Santa Catarina, Ceará, and Rio Grande do Sul.

In energy generation, the company participates in several projects, including the hydroelectric plants: Peixe Angical, Luís Eduardo Magalhães, São Manoel, and Pecém I, excluding the plants that were recently sold and the solar energy plants installed in residences.

EDP Puts Three Hydropower Plants Up For Sale Aiming At The Solar Energy Industry

Thinking of Migrating to Solar Energy Industry, EDP Brazil Puts Three of Its Six Hydroelectric Plants Up for Sale

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Money from the Sale of Hydroelectric Plants Will Be Invested in New Solar Energy Plants, Said the President of EDP Brazil

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EDP Puts Three Hydropower Plants Up For Sale Aiming At The Solar Energy Industry

Thinking of Migrating to Solar Energy Industry, EDP Brazil Puts Three of Its Six Hydroelectric Plants Up for Sale

Read Also

Money from the Sale of Hydroelectric Plants Will Be Invested in New Solar Energy Plants, Said the President of EDP Brazil

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About EDP

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

In just one cast, fishermen are surprised to capture 14,096 mullets in Bombinhas and close a historic season with 58,000 fish; scene recorded in the Santa Catarina paradise marks the last day of the 2026 season.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

Motorcyclist sees excavator arriving at the edge of a river in Bosnia, calls neighbors in minutes and turns a hydroelectric project into a resistance lasting more than 10 years with five expired concessions.

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