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EDP's strategy aims at the greatest possible growth in the national renewable energy market. Investments of almost BRL 6 billion in solar energy production projects will bring new business and profits to the company by the year 2025.
The Brazilian renewable energy market, especially from solar sources, continues to be one of the most demanded by companies around the world. For this Tuesday, (18/10), the giant EDP Group has plans to make investments of R$ 5,7 billion in the solar energy sector. The amount will be applied to production projects in the segment and is part of the company's growth strategy for the end of 2025.
Solar energy market attracts EDP and company will invest billions over the next 3 years in resource production projects in Brazil
The multinational group EDP has been investing more and more in renewable energy projects in Brazil and now intends to make its presence in the solar energy market even more relevant.
By the end of 2025, the company intends to make total investments of R$ 18,2 billion in search of its expansion in the domestic market.
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However, the company's main focus will be the Brazilian solar energy market, since, of this total amount, more than R$ 5,7 billion will be allocated exclusively to the development of production projects in the segment.
Headquartered in Portugal, the group achieved, in the last four years, an appreciation of 57% in operating and structural assets in Brazil, totaling just over R$ 40 billion in assets.
Now, he intends to take advantage of the high capital and relevance in the global market to become a reference throughout Brazil in terms of solar energy production, one of the most profitable segments currently in the country.
The billionaire investments that will be applied in the national market until the end of 2025 aim to attract investors and customers and make the company's portfolio even larger in the country.
Currently, the EDP group has around 3,3 million customers in São Paulo (1,8 million) and Santa Catarina (1,5 million), but it still wants to reach even more expressive numbers.
Potential of the national solar energy market is high and the company intends to take advantage of this moment to invest in production projects in the sector
The EDP Group commented on the current situation of the renewable energy sectors in Brazil and highlighted that solar energy is one of the pillars of the national market.
This is because the country has a geographical position that favors the production potential of the resource, thus guaranteeing an unimaginable growth potential for the segment, enabling strong investments in the sector.
In Brazil, the group is segmented into two large companies that are highly relevant in the national market, EDP Brasil and EDP Renováveis.
EDP Brasil operates in the segments of generation, transmission, commercialization and distribution of energy. EDP Renováveis, on the other hand, operates in the development, construction, operation and maintenance of solar assets.
Find out more about the EDP Group
The EDP Group has become, in 45 years in the market, a multinational leader in the energy transition to renewables, present on five continents. Currently, the company is present in 29 markets and has more than nine million electricity and natural gas customers.
The company has been investing more and more in sustainability and environmental commitment projects and the billionaire investments foreseen for the solar energy production market in Brazil prove the group's commitment in search of a cleaner future.
