EDPR plans huge investments in UK's energy transition

Wind Industry Profile of

Around £660m to be invested through entry into the UK onshore market via a portfolio of 544 MW of onshore wind and solar energy / Investment of £2.65bn secured in the offshore projects of Ocean Winds’ assets of Moray East and Moray West and plans for an additional investment of £2.2bn in Moray West over the next 3 to 4 years / Minimum target of 3.9 GW in the Scotwind leasing round, equal to a capex of up to £10bn

EDP, through its subsidiary EDP Renewables (Euronext: EDPR), the world's fourth largest renewable energy producer, plans to invest £12.86bn in the UK over the coming years. This investment is additional to that already made by Ocean Winds, the joint venture owned 50/50 by EDPR and ENGIE dedicated to offshore wind, in the Moray East and Moray West projects,... ... More: Official Press Release EDPR

Keywords:

EDPR, UK, energy transition, investment, wind, solar, Ocean WInds, onshore, ofshore, wind farm, developer, producer, ENGIE, Moray East, Moray West