EDP’s diverse customer portfolio is strengthening its position in the awarding of PPAs. Customers worldwide are now supplied with over 41 terawatt hours of renewable electricity. Around 15 gigawatts of this capacity is contractually secured through power purchase agreements (PPAs).
The top five sectors include utilities, data centres, wholesale and retail trade, and industry. Over 20 per cent of long-term contracts were signed to supply data centres, reflecting their growing electricity demand.
Wind, solar and batteries
In 2024 alone, EDP signed PPAs with 15 customers – a 15 per cent increase in total capacity compared to 2023. The company continues to rely on a diversified technology mix, with solar and wind making the largest contributions. Battery energy storage system (BESS) agreements also played a key role in the PPAs signed during the year.
“Investment plan of 17 billion € in the energy transition by 2026”
Among the most important contracts signed by EDP last year are the PPA for up to 200 megawatts with Microsoft in Singapore as part of the country's Solar Nova initiative and the 44-megawatt PPA with Amazon for a large solar project in Japan in Fukushima Prefecture. Other important milestones include the 184-megawatt PPA in Europe with a large technology company and the 200-megawatt tolling contract in Arizona with the Salt River Project.
Strong business in Europe
The increasing electricity demand of data centres accounted for 45 per cent of the contracts signed by the EDP Group in 2024. Overall, EDP has a cumulative capacity of 3.2 gigawatts for data centres worldwide.
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In Europe, EDP has for the first time signed PPAs for 176 megawatts of solar and wind power with a major technology company. The contracts cover projects in Italy, Germany and France. EDP also supplies solar power from the Netherlands and Spain to Google, and from Spain to Bloomberg.
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EDP is a major energy provider with offices in Europe, North America, South America and the Asia-Pacific region. The company specialises in four business areas: renewable energies, grids, customer solutions and global energy management. It employs 13,000 people worldwide. Around 97 per cent of the energy supplied already comes from renewable sources. (HS/hcn)
