EDP will invest EUR 24 B in Green Energy by 2025 to reach the target of becoming 100% green. 95% of the budget allocated for the company’s expansion will go towards renewable energy according to Negócios. This will ensure that 100% of the energy produced by EDP will be green by 2030.
EDP will invest globally in green energy, with 40% allocated to Europe and 40% to Northern America, while Brazil and Latin America will be allocated 15% of total investments each and the rest of the world will receive the remaining 5%.
With the upcoming investments, EDP will reach a capacity of 20 GW by 2025 from renewable sources.