EDP Renewables (EDPR), a leading renewable energy company, has made significant strides towards asserting its dominance in the energy transition by increasing its installed capacity and clean energy production across the globe. In Q1 2023, EDPR generated a total of 10.2 TWh of clean energy, an 11% YoY increase due to geographical and technological diversification.
Of this total, Europe accounted for 34%, North America 50%, South America more than doubled, and the Asia Pacific region (APAC) increased by more than four times. The inauguration of Monte Verde, EDPR's largest renewable complex in Brazil, drove the growth in South America. In APAC, EDPR's solar capacity accelerated the energy transition in these markets.
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EDPR's total installed capacity in renewable assets reached 14.8 GW, with 1.7 GW added in the last 12 months, including asset rotations. Europe and North America represented 38% and 49%, respectively, in EDPR's portfolio.
EDPR remains committed to accelerating renewable energies worldwide, with a record 5 GW of capacity under construction, including solar, wind, and storage projects. The company aims to diversify its technologies, with a focus on solar utility-scale and distributed generation projects, which already make up 12% of its portfolio. Onshore wind accounted for 86% of EDPR's net capacity, and offshore wind represented 2%.
In Q1 2023, EDPR also commenced construction on its first project in Chile, an 80 MW wind farm, and its first project in the Netherlands, a 10 MWac project developed through Kronos Solar EDPR. Additionally, the company has several significant projects beyond 2023 under construction, including the Moray West offshore wind project in the UK and the Noirmoutier offshore wind farm in France through the JV Ocean Winds.
EDPR's expansion and growth in clean energy production demonstrate its commitment to achieving a sustainable future and its position as a leader in the energy transition.
