EDP unveils €1.3 Billion Growth Ambition for France at Choose France
EDP is among the selection of foreign investors recognized by the Presidency of the French Republic as part of the 9th edition of the “Choose France” Summit. Company plans to invest €1.3 billion until 2030 across more than 1 GW of onshore and offshore wind, photovoltaic, and battery projects.
EDP, a global leader in renewable energy, has pledged, through its subsidiary EDP Renewables in France and Ocean Winds, its joint venture with ENGIE, its intention to invest €1.3 billion in France over the next four years. The announcement was made at the “Choose France” summit, an event hosted by the French Presidency that gathers foreign investors.
EDP’s investment will be allocated across more than 1 GW of onshore and offshore projects throughout the country. These new generation sites will contribute to supporting France’s energy sovereignty and decarbonization objectives. Fully dispatchable by the grid operator, the new wind, solar, and storage assets will strengthen the country’s competitiveness.
EDP’s presence at the “Choose France” Summit recognizes the company’s role as a significant foreign investor in the country, where it has been present for more than 20 years.
With 32.8 GW in operation worldwide, the Group is active across the entire electricity value chain: generation, distribution and transmission, and retail. This strategy and experience provide EDP teams with an integrated view of power systems, enabling them to develop the most relevant solutions for the markets in which they operate. In France, the Group has developed more than 800 MW of wind and solar capacity, generating nearly 12 TWh since 2006.
EDP is investing heavily in the most competitive low-carbon electricity generation technologies. Wind and solar power are key drivers of long-term energy sovereignty, delivering decades of production once installed. Their strong presence in a country’s energy mix enhances system resilience and protects economies from geopolitical crises through an “electric shield”, locally produced. Fully committed to the development of decarbonized power solutions, the company is at the forefront of innovation to accelerate the deployment of ever more efficient and competitive technologies.
On its Business Plan until 2028, EDP announced an ambitious investment plan of more than €12 billion, spanning four regions. Around 70% will be allocated to power generation (wind, solar, batteries), and 30% to network development.
France and Europe will play a key role in this development plan. The current environmental and geopolitical context calls for accelerating the deployment of new decarbonized generation capacity to reduce dependence on fossil fuel imports.