EDP's diverse customer portfolio is consolidating its position in the awarding of PPAs. Customers worldwide are now supplied with more than 41 terawatt hours of electricity from renewable sources. Around 15 gigawatts from renewable energies are now contractually secured through PPAs (Power Purchase Agreements).
The top five sectors include utilities, data centres, wholesale and retail trade, and industry. More than 20 per cent of long-term contracts were signed to supply data centres in order to meet the increasing demand for electricity.
Wind, solar and batteries
In 2024 alone, EDP signed PPAs with 15 customers, representing a 15 per cent increase in total capacity from 2023. EDP continues to have a diversified mix of technologies, with solar and wind power making the largest contribution. Battery energy storage system (BESS) agreements also played an important role in the PPAs signed by EDP in 2024.
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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 from photovoltaics and wind power with a large technology company. The contracts include projects in Italy, Germany and France. In addition, EDP supplies solar power from the Netherlands and Spain to Google, for example, and solar power 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)
