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EDP, a giant company in the renewable energy market, will invest BRL 10 billion in Brazil, BRL 3 billion of which for solar power plants, contributing to sustainable development in Brazil
EDP, famous in the renewable energy sector, intends to add 1 GW in capacity with solar power plants by 2025, with investments in the sector that would add up to R$ 10 billion, according to a director of the company, during an online event with investors on Monday (26).
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New investments by the EDP group in the market and renewable energies
EDP has 50 MW in its solar power plants in operation in Brazil, with the company's billionaire plans in the renewable energy sector will represent a strong advance for the sector.
Second Henry Freire, financial director of EDP Brasil, investments in new solar energy plants must involve partnerships with EDP Renováveis, another company of the Portuguese group. It will also look for possible projects and acquisitions that will be won in bids from corporations that seek to use renewable energies, as in the agreement with Banco do Brasil.
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EDP Brasil's investments
EDP expects to apply investments that reach 10 billion reais in Brazil, by the end of 2021. Of these investments, solar power plants should receive around R$ 3 billion. In the transmission area, the amount invested will be 0,8 billion.
EDP Brasil's distribution assets should have investments of 6 billion reais by the already established deadline. The company's strategy for renewable energy and reducing carbon levels involves the company going 2030% clean by 2025, with the group zeroing in on carbon emissions by XNUMX.
Estimate for the creation of new solar power plants in Brazil by the end of 2021
According to data from ABSOLAR, since 2012, solar energy has had more than R$ 40 billion in investments, generating 240 thousand accumulated jobs. The entity's data take into account both large-scale solar power plants and distributed generation, as well as small systems installed on facades and land.
New private investments in the sector could reach R$ 22,6 billion in 2021. According to ABSOLAR's estimate, over the course of this year, around 4,9 GW of installed power will be added, adding the GDs and the large solar power plants.
There are several points that make solar energy a great source for investments this year, such as the appreciation of real estate, considering that those who intend to sell real estate are encountering difficulties, since the high supply and low demand make the price of the property fall, so solar energy is one of the ways to bring a differential to the property, keeping the price stable.
