Potential offtaker

EDP - Energias de Portugal S.A.

www.edp.com

Estimated electricity consumption

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Countries of production presence

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EDP - Energias de Portugal S.A. is a leading energy company in Portugal that operates in the integrated electric utilities sector. The company has a strong focus on decarbonisation, corporate energy, corporate PPA, and renewable energy. EDP is committed to creating a sustainable future by providing clean and reliable energy solutions to its customers.

Decarbonisation is a key focus area for EDP. The company has set ambitious targets to reduce its carbon emissions and increase the share of renewable energy in its portfolio. EDP aims to achieve carbon neutrality by 2050, and it has already made significant progress towards this goal. The company has reduced its carbon emissions by 75% since 2005, and over 70% of its electricity production comes from renewable sources.

EDP is also a leader in corporate energy solutions. The company provides a range of energy services to businesses, including energy efficiency solutions, energy management, and renewable energy solutions. EDP works closely with its corporate customers to develop customised energy solutions that meet their specific needs. The company's corporate energy solutions help businesses reduce their energy costs, improve their energy efficiency, and reduce their carbon footprint.

Corporate PPA (Power Purchase Agreement) is another area of focus for EDP. The company has signed several corporate PPAs with large corporations, including Google, Amazon, and Microsoft. These agreements enable the companies to purchase renewable energy directly from EDP, which helps them meet their sustainability goals. Corporate PPAs also provide a stable source of revenue for EDP's renewable energy projects, which helps the company to invest in new projects and expand its renewable energy portfolio.

Renewable energy is at the core of EDP's business strategy. The company has a diversified portfolio of renewable energy assets, including wind, solar, and hydroelectric power plants. EDP is also investing in new technologies, such as energy storage and electric vehicle charging infrastructure, to support the transition to a low-carbon economy. The company's renewable energy assets have a total capacity of over 12 GW, and EDP is one of the largest renewable energy producers in Europe.

EDP is also committed to promoting sustainable development in the communities where it operates. The company works closely with local stakeholders to develop renewable energy projects that benefit the local economy and environment. EDP's renewable energy projects have created thousands of jobs and contributed to the development of local infrastructure, such as roads and transmission lines.

In conclusion, EDP - Energias de Portugal S.A. is a leading energy company in Portugal that operates in the integrated electric utilities sector. The company has a strong focus on decarbonisation, corporate energy, corporate PPA, and renewable energy. EDP is committed to creating a sustainable future by providing clean and reliable energy solutions to its customers. The company's renewable energy assets have a total capacity of over 12 GW, and EDP is one of the largest renewable energy producers in Europe. EDP's commitment to sustainability and innovation makes it a leader in the energy industry, and a key player in the transition to a low-carbon economy.

✓ Science Based Targets member
✓ Declared Net Zero commitment