EDP TO INVEST EUR 2.5 BILLION TO INSTALL 4 GW IN SOLAR PROJECTS
Solar distributed generation (DG) has become one of EDP’s fastest growing business segments – which is expected to represent close to 50% of all new solar additions globally in the coming years. The group is committed to investing €2.5 billion up to 2026 to install an additional 4 GWp in solar projects behind or in front of the meter, for families and businesses, thereby ensuring a decisive contribution to the energy transition.
EDP already has a global leading position in solar DG and is a leader among European based players. With more than a decade of experience, the group has installed to date around 1.6 GWp of solar DG capacity with business and residential clients worldwide, of which 0.9 GWp through the As-a-Service model (in which EDP secures 100% of the initial investment and contracts a long-term PPA with the client).
Operating solar DG in 17 markets worldwide, the group has a strong track record and dedicated teams that have already deployed 127 thousand installations in residential houses (in Europe) and in small businesses to large-size corporate companies, across Europe, Asia Pacific, North America and Brazil. This achievement showcases EDP’s solid ability to secure clients globally, while contributing to a more sustainable planet for all.
EDP – Energias de Portugal is a Portuguese electric utilities company, headquartered in Lisbon.