Wednesday, September 27, 2023

Two projects with a total of 56 MW were awarded in the previous auction

The renewables subsidiary of the Portuguese energy company EDPwon two Contracts for Difference (CfD) in the United Kingdom for two air projects on Scotlandwith the combined capacity of 56 MW for 15 years. These contracts, awarded by the UK Department of Energy Security and Net Zero (DESNZ), are awarded to Allocation Round 5 auction.

With this milestone, EDPR will generate electricity for the Scottish grid through the Ben Sca and Lurg Hill projects, actively contributing to the UK’s goal of accelerating carbon neutrality. They are expected to add more than 203 GWh of clean energy to the grid by 2026.

These two wind projects show EDPR’s strong commitment to play an important role in achieving the Government’s Net Zero target.

Since its recent entry into the UK market, EDPR has the capacity to 5 MW in strength coastal wind and about 540 MW in various wind and solar projects at different stages of development.

Of this total, more than 300 MW of solar projects have been developed in partnership with Kronos Solar EDPR, a solar energy company based in Germany and primarily owned by EDP Renewables. In addition, the company acquired the first independent battery energy storage project in July, which will improve the stability of the grid by ensuring stability.

CFD auctions play a key role in supporting the transition to clean energy and environmental sustainability. They ensure the competitiveness of projects and protect consumers from higher support costs in times of energy price fluctuations.

In addition, EDPR’s UK team, based in Edinburgh, has doubled in size over the past year. This expansion highlights the company’s commitment to the market and its determination to lead the way towards a more sustainable future.

Nation World News Desk
Nation World News Desk
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