EDP are Going to Invest $2.7 Billion in Energy Globally
If you work in renewables, then you should know that EDP have said that they are going to invest over $2.7 billion into solar energy. This is going to last until the year 2026. To date, they have reported that they have installed well over 127,000 systems that span across 1.6GWp of solar generation in homes and markets across the world. This new investment is going to install more at the meter in front of the markets with distributed generation approaching half of new installations going forward. At the end of the day, the business segment can provide a lot of cost savings for clients as it allows for shorter permitting and even better development times. The payback can also be compared to the bigger utility scale as well as a number of renewal projects. One of the installations has been done as an as-service model and this allows them to secure the maximum amount for the investment and it also contracts a PPA with the customer. If you look ahead in Europe, then you will see that EDP have anticipated that solar panel capacity is going to grow. An example of this is the fact that they are going to deliver a lot of solar projects at the Portuguese pulp and that the paper company is going to be an industrial complex. Around 5x growth is to be expected in the US and a lot of this has been done through corporate partnerships. This includes those that have been conducted through Google. If you want to keep up to date with how the energy sector is doing, then make sure that you follow the latest updates and that you make an effort to stay signed up to all of the latest.