• News
  • Covid-19
  • People
  • Arts & Culture
  • Food & Drink
  • Life
Macao News
Subscribe
Subscribe
  • News
    • Business
    • Economy
    • Gaming
    • Politics
    • Law & Crime
    • Social Affairs
    • Sports
    • Greater Bay Area
    • Portuguese-speaking Countries
  • Covid-19
  • People
  • Arts & Culture
    • Art
    • Culture
    • Entertainment
    • History
    • Museums
  • Dining
    • Latest
    • Recipes
    • Restaurants
    • Know your chef
  • City Life
    • Sustainability
    • Wellness
  • More
    • Deep Dives
    • Videos
    • PARTNER FEATURES
Macao News
EDP secures contract for new solar power plant in Brazil
Macao News > Portuguese-speaking Countries > EDP secures contract for new solar power plant in Brazil

EDP secures contract for new solar power plant in Brazil Link copied

New 254-megawatt plant in São Paulo expected to start operations in 2024, accelerating decarbonisation of economy.

Brazil
Photo courtesy of EDP
29 April 202229 April 2022 BY STAFF REPORTER
BY STAFF REPORTER29 April 202229 April 2022

EDP Renováveis and EDP Brasil, whose parent company EDP Portugal is majority owned by China Three Gorges, has secured a contract for the sale of renewable energy produced by a new solar power plant in the state of São Paulo, Brazil.

According to EDP, the new solar plant has a capacity of 254 megawatts, and is expected to start operations in 2024.

EDP, “through a 50-50 partnership between its subsidiaries EDP Renováveis and EDP Energias do Brasil, secured a 120 MWac Power Purchase Agreement (PPA) to sell the clean energy produced by Novo Oriente solar power plant,” the company said.

The new solar power plant is located near another project, the Pereira Barreto solar farm, which recently came into operation, providing “significant synergies between the two”.

“With this new PPA, EDP continues to increase its technological diversification with 3.8 GW of secured capacity in solar and an overall secured capacity of 8.9 GW for 2021- 25,” the Portuguese company highlighted.

The company also stressed that this type of contract reinforces “its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility, fostering the acceleration of the energy transition and the decarbonisation of the economy.”

 

  • Print
Load More
Copyright © 2022 Ruca Limited

Explore

  • News
  • Arts & Culture
  • Economy
  • Dining Scene
  • Gaming
  • People
  • Politics
  • City Life
  • Deep Dives

About

  • About Us
  • Contact
  • Our Contributors
  • Ruca Studio
  • Terms & Conditions
  • Privacy Policy

Connect

  • Facebook
  • Instagram
  • LinkedIn
  • YouTube
  • RSS
Copyright © 2022 Ruca Limited