New Energy
EDP​​R invests 660 million pounds in wind and photovoltaic expansion in the UK
Seetao 2021-10-19 10:56
  • EDP's position in the UK's energy transition is very important. It will invest 660 million pounds in wind and photovoltaic expansion
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EDP Renewables plans to invest approximately £660 million in onshore wind and solar energy in the UK over the next five years. The company said the investment was made after the acquisition of 544MW onshore wind and solar projects in July.

EDPR stated that it is actively seeking new opportunities in this area and is currently negotiating 200 MW wind power projects with local partners. In total, the company plans to spend 12.86 billion pounds, which is in addition to the 2.65 billion pounds pledged by the company and Engie for its Ocean Winds offshore wind power joint venture, for the Moray East and Moray West projects.

After the completion of Moray West, it is expected that the project will require an additional £2.2 billion in capital expenditures in the next three to four years. Ocean Winds is also waiting to learn about the results of the offshore charter ship ScotWind in Scottish waters. The company has submitted bids for fixed and floating project capacities of up to 9GW. Keywords: international engineering news, foreign engineering project information

The company's goal is a minimum of 3.9GW between fixed and floating projects. The capital expenditure of these two projects will reach 10 billion pounds. Miguel Stilwell d'Andrade, CEO of EDPR said: "These plans to invest up to 13 billion pounds by 2030 underscore our commitment to the UK-the UK is a strategic market for the development of the group." "We are in the offshore market. We have established our position, and now we have entered the onshore market as a supplement, and we will explore any further opportunities that will enable us to continue to play a leading role in the UK’s energy transition."Editor/Baohongying

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