A EDP will build, in partnership with EDP Renováveis, its first large-scale solar plant.
The Monte Verde Solar photovoltaic plant will have an installed capacity of 209 MWac and will be located in the cities of Pedro Avelino, Lajes and Jandaíra (RN). The project is expected to come into operation in 2024.
“With the investment in this project, we advance in our goal, announced in the 2021-2025 Strategic Plan, of increasing the size of our solar park in Brazil by more than 25 times compared to 2020. It is an important step in our proposal to replace the solar water generation, mitigating the effect of hydrological risk on our portfolio”, highlighted João Marques da Cruz, CEO of EDP Brasil.
“This is an undertaking that creates value for the Company and its shareholders while reinforcing our purpose of leading the energy transition, acting today to build a more sustainable tomorrow,” he added.
Both companies, controlled by the EDP group, will have equal participation in the business. The project has already been granted and has a guaranteed connection to the transmission system and has a 15-year PPA (Power Purchase Agreement) with EDP Comercializadora, which has already allocated this energy in contracts of the same duration.
Currently, solar generation is among the strategic axes for EDP's growth in Brazil until 2025, when the company intends to reach the mark of 1 GWp in installed capacity in this modality. With the announcement of the Monte Verde Solar project, the company's portfolio in this segment reaches around 310 MWp.
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