EDP buys 16 solar plants in Brazil to accelerate decentralised solar production
Solar parks are located in four Brazilian states and have a combined capacity exceeding 44 MWp. Investment of around 35 million euros reinforces EDP's commitment to solar energy production in Latin America.
EDP announces the purchase of 16 new decentralized solar generation plants from Grupo Tangipar, a specialist in solar energy in Brazil. The contract includes projects in the states of Bahia, Mato Grosso, Mato Grosso do Sul and Paraná, with a total installed capacity of 44.3 MWp. The project developed in Mato Grosso represents EDP's first investment in this state, expanding the company's investment in local solar energy generation to more areas of Brazil.
Of the 16 plants, five are already completed and the rest are expected to be in operation in 2025. 10.9 MWp will be in operation in Bahia, 12.5 MWp in Mato Grosso, 12.9 MWp in Mato Grosso do Sul and 7.7 MWp in Paraná. These plants will serve companies in low voltage, through the model of local production of shared energy, as well as the Morgan East and Morgan West projects that EDP recently put into operation in the US State of New York.
With this investment, EDP reinforces its active role in the energy transition and expands its commitment to distributed solar generation in the country. By 2026, the company expects to reach around 500 MWp in installed solar capacity in Brazil, through decentralised projects.
The transaction is awaiting approval by the Board of Directors for Economic Defence (Cade). As soon as the deal is concluded, the 16 plants will join the 90 that EDP already has in Brazil, with an installed capacity of more than 250 MWp, of which about 210 MWp are already in operation.
“Decentralised solar production represents a huge opportunity to accelerate the energy transition together with our customers. That is, more than expanding our performance and capacity in renewable sources to become 100% green by 2030, we want to contribute to the decarbonization of the economy, making solar energy more accessible to different types of consumers,” affirms Carlos Andrade, vice-president of EDP Brasil.
Decentralised Solar Generation
With more than a decade of experience in distributed solar energy projects in the four global regions in which it is present, this has become one of EDP's fastest-growing business segments. The company intends to invest €17 billion in the energy transition by 2026, of which €2.5 billion will be invested in distributed solar energy projects for households and companies, thus making a decisive contribution to energy transition.
EDP has invested in this segment in ten Brazilian states. In this model, a solar plant is dedicated to one customer or shared among several customers, as long as they are all in the surrounding area. The energy generated is injected into the local distributor's electricity grid and the benefits are shared with customers through credits on monthly energy bills.