EDP ​​will invest 1,500 ME in offshore wind by 2025 – Economy

“We are going to invest around 1,500 million euros in renewable projects by 2025, this is EDP’s share, so Ocean Winds, as a whole, has our partner [Engie] which then invests the other half and this can represent up to about 17 GW, 17,000 megawatts, of renewable capacity in the ocean”, explained to Lusa the executive president, Miguel Stilwell d’Andrade, regarding the United Nations Ocean Conference, which takes place in Portugal, from June 27th to July 1st, with the participation of EDP.

Ocean Winds is a ‘joint venture’ created by EDP and French company Engie, in July 2020, whose purpose is to invest in wind projects globally.

This investment is foreseen in the company’s business plan until 2025, but, according to the executive president, the possibility of going “beyond” is being analyzed, since Ocean Winds “has already managed to achieve what was foreseen in the Business”.

“[O eólico ‘offshore’] clearly it is one of the areas that is growing the most, it is becoming more difficult to make ‘onshore’ wind [em terra]even for environmental reasons and, sometimes, some resistance by local communities, and, in this sense, the ‘offshore’ has much more potential”, said the leader of EDP.

Of the total forecasted offshore wind capacity, around five to seven GW of projects are already in operation or under construction by 2025, for example in Scotland or Belgium.

The company also has an additional five to 10 GW of projects under development, for example, in the United States, South Korea and France.

“We have some experience not only in the conventional ‘offshore’, we have more than 1,000 MW in operation, for example, in Scotland and we have around 600 in Belgium, but we also have the floating one, I think that there we have one of the projects that is a pioneer, which is the WindFloat, near Viana do Castelo, it is a technology that we are thinking of using in other projects as well”, pointed out Stilwell d’Andrade.

In Portugal, EDP started investing in this type of technology with the development of WindFloat Atlantic, which allowed the exploitation of wind potential at sea, at depths of more than 40 meters, being the first offshore wind farm in the world without resorting to the traditional piles that are used in this type of infrastructure, and which came into operation in 2020.

According to the most recent data, advanced by the official, WinFloat produced a total of around 130 gigawatt hours (GWh), which can supply more than 100,000 inhabitants and avoid the emission of 58,000 tons of carbon dioxide (CO2).



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