Energy Transition: EDP to Invest €24 Billion in Renewable Energy Sources for Electricity Generation by 2025

Beyond Investment in the Energy Transition to Renewable Sources for Generating Energy, EDP Also Invested in a New Visual Identity

EDP, a company founded in Portugal four decades ago, is currently a global player in the generation, transmission, distribution, and commercialization of electricity. In Brazil, the company represents the group’s second-largest operation. With increasingly sustainable daily practices and companies increasingly adopting renewable alternatives, EDP decided to invest in the energy transition and also in the circularity of nature, the planet itself, and various renewable energy sources, including the sun, wind, and water, to shape its new visual identity.

The company’s new logo reflects EDP’s commitment to doubling its renewable energy generation capacity by 2025, with this energy transition to renewable sources resulting from a € 24 billion investment in new energy alternatives, to add 20 GW of renewable sources to the company’s energy portfolio, of which about half is already secured.

The company aims to be coal neutral by 2025 and 100% green by 2030, contributing to the decarbonization of the global economy. EDP is well on its way to fulfilling this energy transition mission to renewable energies, as the company is among the top 3 green utilities in Europe and is already the fourth largest wind energy producer in the United States.

“Without structural changes in the way we live, move, and consume, it will be impossible to control the increase in temperature on the planet,” comments Miguel Stilwell de Andrade, EDP’s global CEO. “And we choose to contribute through a fair energy transition, adopting renewable sources for energy generation, without leaving anyone behind,” he emphasizes.

Investment in Renewable Sources

The potential for an energy transition in Brazil is enormous, considering that the country receives around 2,200 hours of sunlight annually. The lowest solar irradiation incident, approximately 1,500 Wh/m², is comparable to the highest in European countries, such as Germany (1,250 Wh/m²). This makes it even more understandable that the energy transition to solar generation is one of the strategic pillars for EDP’s growth in Brazil, through EDP Brasil and EDP Renewables.

EDP Brasil operates in the segments of generation, transmission, commercialization, and distribution of electricity. From 2021 to 2025, the company plans to invest R$ 10 billion in the country, with R$ 3 billion specifically allocated to the energy transition for solar energy generation. The goal is to reach 1 GW in solar by 2025. Meanwhile, EDP Renewables, which is involved in the development, construction, operation, and maintenance of wind and solar assets, has an installed capacity of 1,375 MW, with 795 MW in operation and another 580 MW under construction.

Partnerships of EDP Companies in Brazil

Both EDP companies have greatly supported each other in complementing their expertise to implement projects in partnership, such as the energy transition to renewable sources and large-scale solar plants Novo Oriente, which has an installed capacity of 254 MWac, and Monte Verde, with 209 MWac. EDP’s plan is to maintain an average of announcing two large-scale solar plants annually until 2025.

Furthermore, the investment in projects like the energy transition is strategic for the company. “In the next decade, our industry will have to change more than ever,” Stilwell states. “The response to climate change requires ambitious goals. At EDP, this decisive decade has already begun.”