The EDP Group, the fourth largest renewable energy company in the world, informed the MME (Ministry of Mines and Energy) that it plans to invest around R$10 billion in the generation of solar and wind energy in Brazil by 2025.
Of this amount, R$6 billion will be allocated to distribution, another R$3 billion to the solar energy sector and the remainder to transmission. This is the largest contribution ever made by the company in Brazil.
Ao Canal Solar, the company highlighted that the investment in solar will be made by EDP Brasil and aims to increase the size of the company's photovoltaic park in the country by more than 20 times compared to 2020, reaching 1 GWp in installed capacity.
The company's investments in solar include both DG (distributed generation) and GC (centralized generation) ventures.
Investments in wind energy are made by EDP Renováveis, another company in the EDP group.
EDP's investment plan in Brazil was the main topic of the meeting between the MME minister, Bento Albuquerque, and the global CEO of the EDP Group, Migue Stilwell d'Andrade.
The meeting took place on Monday last week (14), in the city of Lisbon, in Portugal, and was also attended by the executive advisor for Networks of the EDP Group, Miguel Setas, and the director of Marketing, Communication and Stakeholders from EDP Brasil, Nuno Rebelo de Souza.
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EDP Group
For 25 years, the EDP Group has been the holder of generation, distribution and transmission assets in Brazil, being the leading company in the sustainability ranking on the São Paulo Stock Exchange.
Last year, the company achieved its highest performance, with a net profit of R$2,2 billion, an increase of 43% compared to 2020 figures.
In addition to Brazil, the Portuguese multinational is also present in 27 other markets, being a member of the Dow Jones Sustainability Index and being part of Euronext Lisbon, the Lisbon stock exchange, since 1997.
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