EDP Group to Invest Nearly R$ 6 Billion in Solar Energy Production Projects by 2025 in Brazil

Written by Ruth Rodrigues

Published on 18/10/2022 at 09:36

Foto: Pixabay

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The Company’s Strategy Aims for the Greatest Possible Growth in the National Renewable Energy Market. Investments of Nearly R$ 6 Billion in Solar Energy Production Projects Will Bring New Business and Profits to the Company by 2025.

The Brazilian renewable energy market, especially that derived from solar sources, continues to be one of the most sought after by companies worldwide. For this Tuesday (10/18), the giant EDP Group has plans to invest R$ 5.7 billion in the solar energy sector. The amount will be applied in production projects in the segment and is part of the company’s growth strategy by the end of 2025.

Solar Energy Market Attracts EDP and the Company Will Make Billion-Dollar Investments in Production Projects in Brazil Over the Next 3 Years

The multinational group EDP has been increasingly investing in renewable energy projects in Brazil and now aims 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 pursuit of its expansion in the national market.

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However, the company’s main focus will be the Brazilian solar energy market, as of that total amount, more than R$ 5.7 billion will be exclusively allocated to the development of production projects in the segment.

Based in Portugal, the group has achieved a 57% increase in operational and structural assets in Brazil over the last four years, totaling just over R$ 40 billion in assets.

Now, it intends to leverage its high capital and relevance in the global market to become a reference throughout Brazil regarding solar energy production, one of the most profitable segments currently in the country.

The billion-dollar investments that will be applied in the national market by the end of 2025 aim to attract investors and customers and make the company’s portfolio even larger in the country.

Currently, EDP Group has about 3.3 million customers in São Paulo (1.8 million) and Santa Catarina (1.5 million), but still wants to reach even more significant numbers.

The Potential of the National Solar Energy Market Is High and the Company Intends to Take Advantage of the Moment to Invest in Production Projects in the Sector

The EDP Group commented on the current moment 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 geographic positioning that enhances the potential for resource production, thus ensuring unimaginable growth potential for the segment, enabling strong investments in the sector.

In Brazil, the group is segmented into two major companies that hold significant relevance in the national market, EDP Brasil and EDP Renováveis.

EDP Brasil operates in the segments of generation, transmission, commercialization, and distribution of energy. Meanwhile, EDP Renováveis focuses on the development, construction, operation, and maintenance of solar assets.

Learn More About EDP Group

In 45 years in the market, EDP Group has become a leading multinational in the energy transition to renewables, present on all five continents. Currently, the company operates in 29 markets and serves more than nine million customers in electricity and natural gas.

The company continues to invest increasingly in sustainability projects and environmental commitment, and the billion-dollar investments planned for the solar energy production market in Brazil demonstrate the group’s commitment to a cleaner future.

EDP Group to Invest Nearly R$ 6 Billion in Solar Energy Production Projects by 2025 in Brazil

The Company’s Strategy Aims for the Greatest Possible Growth in the National Renewable Energy Market. Investments of Nearly R$ 6 Billion in Solar Energy Production Projects Will Bring New Business and Profits to the Company by 2025.

Solar Energy Market Attracts EDP and the Company Will Make Billion-Dollar Investments in Production Projects in Brazil Over the Next 3 Years

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Potential of the National Solar Energy Market Is High and the Company Intends to Take Advantage of the Moment to Invest in Production Projects in the Sector

Learn More About EDP Group

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EDP Group to Invest Nearly R$ 6 Billion in Solar Energy Production Projects by 2025 in Brazil

The Company’s Strategy Aims for the Greatest Possible Growth in the National Renewable Energy Market. Investments of Nearly R$ 6 Billion in Solar Energy Production Projects Will Bring New Business and Profits to the Company by 2025.

Solar Energy Market Attracts EDP and the Company Will Make Billion-Dollar Investments in Production Projects in Brazil Over the Next 3 Years

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Potential of the National Solar Energy Market Is High and the Company Intends to Take Advantage of the Moment to Invest in Production Projects in the Sector

Learn More About EDP Group

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At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

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