EDP to install solar power at Faurecia units in China, South Korea, Japan

 

EDP will install solar power at the factories of automotive components company Faurecia in China, South Korea, Japan, among other countries, under a new deal.

According to a company statement, EDP will install up to 100 megawatt-peak (MWp) of distributed solar power at Faurecia units, in a total of more than 60 projects.

By the end of 2023, the company plans to install over 60 self-consumption solar plants at Faurecia units in Portugal, Spain, Italy, the United States, China, South Korea, Japan and Thailand.

Acquisitions in Brazil and Singapore lead EDP to 14% debt rise

In the statement, EDP said that this is the largest distributed solar energy project to date carried out by the group, as well as the first to be installed simultaneously with the same partner on several continents.

The investment – which is not disclosed – in the panels is the responsibility of EDP, as well as their maintenance and operation, through long-term contracts.

Over the next decade, the more than 60 projects should have 200,000 solar panels, avoiding more than 60 tonnes of carbon dioxide (CO2).

EDP ​​to invest EUR 1.5 billion in Sunseap group by 2025

“This partnership demonstrates EDP’s capacity to respond to multinational clients that seek to contract decentralised solar energy in different countries to support the energy transition on a global scale,” said EDP’s CEO, Miguel Stilwell d’Andrade.

Patrick Koller, chief executive of Faurecia, a FORVIA Group company, said that renewable energy production is a central point in the commitment to achieve carbon neutrality by 2025.

In Europe and Brazil, EDP has already installed about 300 MWp of distributed solar in buildings and land for companies and families.

EDP Portugal Changes Board and Rethinks Strategy

In turn, in the USA and Asia Pacific the company entered this segment through EDP Renováveis, with the acquisitions of the North American C2 Omega and the Asian Sunseap.

EDP aims to install more than two gigawatts (GW) of distributed solar energy in homes and businesses by 2025.

Other articles

Portugal

Portugal resumes applications for ‘golden visas’ after 6-month halt

China

EDP to invest EUR 1.5 billion in offshore renewable projects until 2025