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

Be the first to react!

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.

ARTICLE CONTINUES BELOW

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

Read Also

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

EDP and Its Solar Energy Solutions

About EDP

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

Material once seen as a poor man’s choice returns as a climate bet, with red clay replacing part of the gray concrete in modern buildings, hospitals, houses, and a cultural center that transforms tradition into a solution against urban heat.

With a diameter of 15.08 meters, a length of 182 meters, and weighing 3900 tons, the world’s largest tunnel boring machine for drilling super hard rock made a 9 km tunnel in Georgia and impresses with its excavation power.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

Study solves great ancient mystery: remains of Philip II, father of Alexander the Great, are identified in Vergina and resolves the enigma of the Macedonian royal tombs that had lasted half a century.

Adventurer uses only plastic film and three trees to build a transparent shelter suspended over a stream, sleeps above the water, and transforms the forest into a refuge that seems impossible.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

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

EDP and Its Solar Energy Solutions

About EDP

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

Material once seen as a poor man’s choice returns as a climate bet, with red clay replacing part of the gray concrete in modern buildings, hospitals, houses, and a cultural center that transforms tradition into a solution against urban heat.

With a diameter of 15.08 meters, a length of 182 meters, and weighing 3900 tons, the world’s largest tunnel boring machine for drilling super hard rock made a 9 km tunnel in Georgia and impresses with its excavation power.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

Study solves great ancient mystery: remains of Philip II, father of Alexander the Great, are identified in Vergina and resolves the enigma of the Macedonian royal tombs that had lasted half a century.

New catalyst developed by scientists in the USA enhances the performance of water electrolysis without using platinum, reducing operational costs and expanding the potential of green hydrogen as a strategic alternative for industries, heavy transportation, and clean energy generation.

China implements basalt fibers tested on the Moon to contain the desert’s advance in 1 million hectares, and the program surprises scientists worldwide.

Fernando de Noronha begins unprecedented energy transformation with a R$ 350 million solar plant that promises to replace diesel generation and change the island’s sustainable future by 2027.

Eos Energy will build the world’s largest zinc battery with 1 GWh in Mojave and eliminates lithium for AI data centers.

While Brazil is still discussing how to store solar and wind energy, Portugal has set up three dams in the mountains to function as a giga battery of 1.15 GW and store renewable energy on a large scale.

Adventurer uses only plastic film and three trees to build a transparent shelter suspended over a stream, sleeps above the water, and transforms the forest into a refuge that seems impossible.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.

Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.