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EDP, A Giant Company In The Renewable Energy Market, Will Invest R$ 10 Billion In Brazil, With R$ 3 Billion Of That For Solar Power Plants, Contributing To Sustainable Development In Brazil
EDP, known in the renewable energy sector, intends to add 1 GW in capacity with solar power plants by 2025, with investments in the sector totaling R$ 10 billion, according to a company director during an online event with investors on Monday (26).
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EDP has 50 MW in solar power plants in operation in Brazil, with the company’s billion-dollar plans in the renewable energy sector representing a significant advancement for the industry.
According to Henrique Freire, financial director of EDP Brazil, investments in new solar power plants are expected to involve partnerships with EDP Renewables, another company in the Portuguese group. It will also seek possible projects and acquisitions that will be secured through bids from corporations looking to use renewable energy, as seen in the agreement with Banco do Brasil.
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The Investments Of EDP Brazil
EDP expects to invest up to R$ 10 billion 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 R$ 0.8 billion.
The distribution assets of EDP Brazil are expected to receive investments of R$ 6 billion by the already established deadline. The company’s strategy for renewable energy and carbon level reduction involves making the company fully clean by 2030, with the group stopping carbon emissions by 2025.
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 already seen over R$ 40 billion in investments, generating 240,000 accumulated jobs. The organization’s data takes into account both large-scale solar power plants and distributed generation, such as small systems installed on facades and lots.
New private investments in the sector could reach R$ 22.6 billion in 2021. According to ABSOLAR’s estimates, throughout this year, around 4.9 GW of installed capacity will be added, combining distributed generation and large-scale solar power plants.
There are several factors making solar energy a great investment source this year, such as the appreciation of properties, considering that those looking to sell properties are facing difficulties, as high supply and low demand are causing property prices to drop, so solar energy is one way to add value to a property, helping to keep its price stable.
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