EDP inks 100MW global solar bargain

May 18, 2022 01:59 PM ET
  • More than 60 self-consumption PV parks will certainly be set up at Faurecia's sites throughout Europe, the US and Asia
EDP inks 100MW global solar bargain
Image: EDP

EDP has just signed an international partnership to mount up to 100MW of solar ability at the around the world sites of automotive elements manufacturer Faurecia.

By the end of 2023, greater than 60 self-consumption solar parks will be mounted at the international's industrial units in Portugal, Spain, Italy, the US, China, South Korea, Japan, as well as Thailand.

This is the largest distributed solar energy project protected to this date by EDP and the very first to be mounted with the same companion in several continents all at once.

The deal will certainly allow Faurecia to eat renewable resource produced at its own sites, considerably reducing its reliance on the power grid.

The collaboration is also an essential step in Faurecia's objectives to gradually decrease the carbon emissions of its commercial operations (scope 1 as well as 2).

The collaboration is based upon an as-a-service version, with EDP investing, operating and keeping panels under lasting contracts adjusted to the local uniqueness of each Faurecia market.

It is anticipated that these more than 60 projects may have up to 200,000 solar panels, and that they will enable the firm to prevent greater than 60,000 tonnes of carbon dioxide over the following decade.

In Europe and also Brazil, EDP has been reaching record worths for distributed solar acquired capacity as well as has currently mounted around 300MW on firms' sites and households residences via EDP Comercial.

EDP has been growing in this section in numerous European markets, with natural development and also procurements, as happened just recently in Poland, through Soon Power, or in Italy, with the acquisition of Enertel

In the United States and Asia Pacific, EDP recently went into the dispersed solar market via EDP Renewables, with the purchases of the North American business C2 Omega and also the Asian business Sunseap, specifically.

Faurecia chief executive officer Patrick Koller claimed: "Producing renewable energy on our sites is a central commitment to meet our 2025 objective to become CO2 neutral for our in-house emissions.

" Leveraging critical partnership with global and also leading companions allows us to speed up as well as boost our power resilience in a much more sustainable way.

" Also, it shows our company responsibility to have a positive effect on society as well as fulfill the requirements of future generations."

Solar Installers, Manufacturers