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Released March 03, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--On Thursday, Portugal's Energias du Portugal (EDP) (Lisbon) revealed its strategic financial plans through 2026, with plans to spend 25 billion euros (US$27 billion) to double its renewable energy capacity by 2026. The move would give the company 7.4 gigawatts (GW) of new renewable capacity in North America and 5.6 GW in Europe by 2026. Industrial Info is tracking nearly US$38.5 billion worth of projects attributed to EDP, including more than US$6.9 billion worth in North America.
EDP said 21 billion euros (US$22.2 billion) would be invested by the company's renewable energy unit and that 4 billion euros (US$4.2 billion) would go toward electricity grids. The move represents a 30% increase in what EDP had projected in its previous spending plan, which went through 2025. More than 90% of the investments will go toward onshore wind and solar projects, with the rest going to offshore wind, battery energy storage and hydrogen. The funding will help the company achieve its goal of having net-zero emissions by 2040.
Among EDP's largest projects in North America is the construction of the Sharp Hills Windfarm in Sedalia, Alberta. Construction kicked off last year and entails erecting 67 wind turbines, each with a capacity of 4.2 megawatts (MW), to achieve a nameplate generating capacity of more than 280 MW. Borea Construction (Levis, Quebec) is providing engineering, procurement and construction (EPC) services on the project, which is expected to be completed later this year. Following Phase I construction, work on Phase II will kick off, adding an additional 12 turbines and about 50 MW of capacity. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for more details on Phase I of the project, and click here for the report on Phase II.
In Chalmers, Indiana, EDP is at work on the Indiana Crossroads II windfarm addition, which will use 68 turbines to achieve a generating capacity of more than 200 MW. Construction is expected to be completed by the end of this year. Subscribers can click here for more details.
A majority of EDP's active projects in North America are for solar power, accounting for more than US$4 billion in planned spending. Such projects include the grassroot Sonrisa solar farm near Santa Clara, California. The facility will have a nameplate generation capacity of 100 MW when completed, which EPC contractor Rosendin Electric Incorporated (San Jose, California) is expected to do by the end of this year. Subscribers can click here for more details.
EDP also has several smaller solar projects underway in the U.S., such as the Timber Road photovoltaic facility near Payne, Ohio, in the northwestern corner of the state. Construction on the 50-MW solar farm kicked off last year and is expected to be completed in the coming months. Subscribers can learn more by viewing the project report.
EDP is planning even larger projects in Europe, such as the Moray West offshore windfarm in U.K. North Sea waters, which is a joint venture with French energy company Engie (La Defense). The project entails constructing 60 turbines, each rated at 14.7 MW, to provide nameplate generation of more than 880 MW. Construction is expected to kick off in the first half of next year and take about two years to complete. Subscribers can click here for the full report.
EDP also has a strong presence in South America, particularly Brazil. The company's projects there include the Jerusalem windfarm complex in Lajes, Brazil, which will use a total of 43 4.2-MW wind turbines to generate 180 MW. Construction kicked off in 2021, and the project is nearing completion. Subscribers can click here for more information. EDP's updated spending plans call for an additional 2.2 GW of new renewable capacity in South America by 2026.
Subscribers to Industrial Info's GMI Database can click here for a look at the reports for all of the projects discussed in this article, and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
EDP said 21 billion euros (US$22.2 billion) would be invested by the company's renewable energy unit and that 4 billion euros (US$4.2 billion) would go toward electricity grids. The move represents a 30% increase in what EDP had projected in its previous spending plan, which went through 2025. More than 90% of the investments will go toward onshore wind and solar projects, with the rest going to offshore wind, battery energy storage and hydrogen. The funding will help the company achieve its goal of having net-zero emissions by 2040.
Among EDP's largest projects in North America is the construction of the Sharp Hills Windfarm in Sedalia, Alberta. Construction kicked off last year and entails erecting 67 wind turbines, each with a capacity of 4.2 megawatts (MW), to achieve a nameplate generating capacity of more than 280 MW. Borea Construction (Levis, Quebec) is providing engineering, procurement and construction (EPC) services on the project, which is expected to be completed later this year. Following Phase I construction, work on Phase II will kick off, adding an additional 12 turbines and about 50 MW of capacity. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for more details on Phase I of the project, and click here for the report on Phase II.
In Chalmers, Indiana, EDP is at work on the Indiana Crossroads II windfarm addition, which will use 68 turbines to achieve a generating capacity of more than 200 MW. Construction is expected to be completed by the end of this year. Subscribers can click here for more details.
A majority of EDP's active projects in North America are for solar power, accounting for more than US$4 billion in planned spending. Such projects include the grassroot Sonrisa solar farm near Santa Clara, California. The facility will have a nameplate generation capacity of 100 MW when completed, which EPC contractor Rosendin Electric Incorporated (San Jose, California) is expected to do by the end of this year. Subscribers can click here for more details.
EDP also has several smaller solar projects underway in the U.S., such as the Timber Road photovoltaic facility near Payne, Ohio, in the northwestern corner of the state. Construction on the 50-MW solar farm kicked off last year and is expected to be completed in the coming months. Subscribers can learn more by viewing the project report.
EDP is planning even larger projects in Europe, such as the Moray West offshore windfarm in U.K. North Sea waters, which is a joint venture with French energy company Engie (La Defense). The project entails constructing 60 turbines, each rated at 14.7 MW, to provide nameplate generation of more than 880 MW. Construction is expected to kick off in the first half of next year and take about two years to complete. Subscribers can click here for the full report.
EDP also has a strong presence in South America, particularly Brazil. The company's projects there include the Jerusalem windfarm complex in Lajes, Brazil, which will use a total of 43 4.2-MW wind turbines to generate 180 MW. Construction kicked off in 2021, and the project is nearing completion. Subscribers can click here for more information. EDP's updated spending plans call for an additional 2.2 GW of new renewable capacity in South America by 2026.
Subscribers to Industrial Info's GMI Database can click here for a look at the reports for all of the projects discussed in this article, and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
