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Portugal’s EDP to invest up to 13 billion stg in UK wind and solar by 2030

LONDON : Power company Energias de Portugal (EDP) plans to invest 12.86 billion pounds ($17.69 billion) in wind and solar projects in Britain by 2030 as the country strives to lower its emissions to net zero by mid-century. EDP plans to invest via its subsidiary EDP Renovaveis (EDPR), the world’s fourth largest renewable energy producer, […]

Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro

EDP Backs Sustainable Solar Energy Projects in Africa

Portuguese utility EDP – Energias de Portugal SA (ELI:EDP) announced on Thursday it will invest EUR 500,000 (USD 592,000) in solar projects capable of benefiting more than 30,000 people in five African countries. Through the A2E Fund, the Portuguese giant will support seven initiatives, such as the OffGridBox solar project aimed at providing energy and […]

Bitcoin-Paying Solar Power Company Plans African Expansion – EQ Mag Pro

Portugal’s EDP Eyes Sale of Up to Three Renewable Asset Portfolios

In line with a global effort to cut planet-warming carbon emissions, Portugal’s largest utility said earlier this year it wanted to abandon coal-fired power generation by 2025 and produce energy only from renewable sources by the end of the decade. MADRID/LONDON: EDP-Energias de Portugal is preparing to sell up to three portfolios of renewable energy […]

Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro

EDP Sees More Growth in Solar Energy in Next Two Years, CEO Says

Portuguese utility EDP-Energias de Portugal SA sees more growth in solar energy as it aims to boost its renewable energy capacity, Chief Executive Officer Miguel Stilwell de Andrade said. “We see more potential growth for solar over the next couple of years,” the CEO said on Friday in a Bloomberg Television interview. “In terms of […]

Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro

EDP to invest €24bn in energy transition

The company targets 50GW of renewables and carbon-neutrality by 2030 Portuguese energy company EDP has announced it will invest €24 billion (£20.9bn) in energy transition and renewables by 2030. In that timeframe, the firm expects to have 50GW of renewables installed and carbon-neutrality across its operations. EDP said the largest share of the green investment […]

Phoenix Mills to generate 5 MW of solar power in collaboration with Renew Power – EQ Mag Pro

Spain’s Iberdrola seeks EU funds for large-scale floating wind power farm

Several projects are underway in Europe to build turbines on floating platforms where the seabed is too deep for fixed structures MADRID: Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift […]

Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro

Portugal: EIB and BPI provide EDP Renováveis with €112 million to construct and operate two wind farms with a total capacity of 125 MW

The wind farms are located in the districts of Coimbra and Guarda, in the west and north of the country. 560 jobs expected to be created during the implementation phase. The EIB financing is backed by the European Fund for Strategic Investments (EFSI).The European Investment Bank (EIB) will provide €65 million and BPI an additional […]

Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro

5 Wind Energy Giants Embracing Solar Power

More heavyweight wind developers are betting big on solar. Here are five to watch in the decade ahead. Onshore wind is now the leading renewable energy technology in the U.S., and it’s still knocking competitors out of the way. Last year wind overtook hydropower in total generation, and 2020 is on track to be a […]

India’s renewable energy sector can employ 1 mn people by 2030: Study – EQ Mag Pro

Shell and EDPR Win Massachusetts’ Second Offshore Wind Tender

Mayflower Wind joint venture’s 804-megawatt project will sell power at a lower price than Vineyard Wind’s landmark development. Shell has its first concrete offshore wind project in U.S. waters. Massachusetts on Wednesday selected an 804-megawatt project backed by Mayflower Wind, a joint venture of Shell and EDP Renewables, as the winner of its second offshore […]

Mexican Green Energy Investment Drying Up, Trade Groups Warn – EQ Mag Pro