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

Written by Roberta Souza

Published on 31/08/2022 at 21:53

Renewable Energy

Foto: reprodução pixabay.com

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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.

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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.”

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

Investment in Renewable Sources

Partnerships of EDP Companies in Brazil

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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

Investment in Renewable Sources

Partnerships of EDP Companies in Brazil

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

Using high-resolution satellite images, archaeologists rediscovered the Egyptian city of Imet, buried for centuries in the Nile Delta, revealing rare multi-story houses, granaries, and a sacred road linked to the cobra goddess Wadjet, from about 2,400 years ago.

Two 17-year-old Kenyans use coconut shells, corn cobs, and recycled materials to create an exhaust filter that reduces 93.3% of pollutant particles and wins an environmental award in Africa.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

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