Tag: edp

China Three Gorges acquires hydroelectric project from EDP in Peru

China Three Gorges acquires hydroelectric project from EDP in Peru

August 1, 2022 |

EDP is planning to give its largest shareholder, China Three Gorges (CTG), a 50 per cent stake in the $500 million San Gaban III hydroelectric project in Peru. As per the reports, CTG already owns the other 50 per cent of San Gaban, and will acquire the sole shareholder of this hydroelectric facility. San Gaban dam has a capacity of 206 MW. This hydropower plant received a $365 million, 19-year financing from the China Development Bank at a cost of $560 million.

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EDP to invest up to £13 billion in renewable capacity in UK by 2030

EDP to invest up to £13 billion in renewable capacity in UK by 2030

October 19, 2021 |

Power company Energias de Portugal plans to invest £13 billion in wind and solar projects in Britain by 2030. EDP intends to invest via its subsidiary EDP Renewables, which has 1 GW of offshore wind capacity under construction and 0.9 GW under development in Britain. EDP’s major wind investments are in the US market but the company wants to explore further opportunities which allow it to play a leading role in the UK’s energy transition.

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EDP Renewables acquires 628 MW of renewable energy assets in Chile

EDP Renewables acquires 628 MW of renewable energy assets in Chile

June 17, 2021 |

EDP Renewables has announced the acquisition of 628 MW of wind and solar assets under two separate deals with Atacama Energy and Lader Energy in Chile. The acquired capacity comprises a 77 MW wind farm which has a 20-year power purchase agreement and set for operation in 2023 and 551 MW of solar and wind farms, which are currently under development.

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EDP’s plan to go 90% renewable by 2030

EDP’s plan to go 90% renewable by 2030

December 1, 2020 | ,

In early 2019, Energias de Portugal (EDP), Portugal’s leading power company, came out with a radical 90 per cent renewables plan in the 2030 timeframe with much of the action by 2022. Over the past one and a half year, the company has moved significantly closer to executing its plan to achieve this target.

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