EDP Launches Portugal's First Rooftop Solar Array

• EDPR launches Portugal's first rooftop solar system on a facade, boosting Riopele’s renewable energy consumption and paving the way for a zero-impact future by 2027.

EDP Renovaveis SA (EDPR) has inaugurated a 4.5-MWp rooftop solar photovoltaic system for the textile company Riopele in Portugal. This innovative installation, comprising approximately 8,000 solar panels spread over 22,000 square meters, is the first of its kind constructed on a building facade. The project, which demanded over EUR 5 million in investments, received partial financing through Portugal's recovery and resilience plan.

The new solar array is expected to produce 5.8 MWh of electricity annually, elevating Riopele's renewable energy consumption from 3% to 12%. The company's president, Jose Alexandre Oliveira, announced plans for an additional photovoltaic plant exceeding 3 MWp capacity, aimed at achieving zero environmental impact by 2027, coinciding with their centenary celebrations.

How will Riopele's new solar installation impact its energy consumption and sustainability goals?

Impacts of Riopele's New Solar Installation on Energy Consumption and Sustainability Goals:

• - Increased Renewable Energy Share: The solar installation will significantly boost Riopele's renewable energy consumption from 3% to 12%, marking a substantial step toward a more sustainable energy profile.
• - Annual Energy Production: With a projected annual output of 5.8 MWh, Riopele can rely on this installation to meet a larger portion of its energy needs sustainably, reducing dependence on fossil fuels and traditional energy sources.
• - Cost Savings on Energy Bills: By generating its own electricity, Riopele is likely to experience significant savings on energy costs over time, allowing these funds to be redirected into further sustainability initiatives or innovations within the company.
• - Decrease in Carbon Footprint: Transitioning to solar energy will help lower the company's carbon emissions, contributing to broader global efforts to mitigate climate change and fulfill corporate responsibility towards sustainability.
• - Support for Future Sustainability Goals: The installation aligns with Riopele's ambition to achieve zero environmental impact by 2027, enabling the company to set a precedent in the textile industry for sustainable practices and operations.
• - Innovative Use of Space: Utilizing rooftop and facade space for solar panels maximizes the building's surface area for renewable energy generation, showcasing effective land use and innovative architectural solutions in urban environments.
• - Community and Economic Impact: By investing in renewable energy, Riopele can lead by example in the local textile sector, potentially inspiring other companies to follow suit. This may also create local jobs in the solar energy and sustainability sectors.
• - Alignment with National Policies: The solar project supports Portugal’s recovery and resilience plan, enhancing national energy independence and contributing to the country's climate action goals.
• - Investor and Stakeholder Confidence: Demonstrating a commitment to sustainability through this solar installation can enhance Riopele's image among investors, customers, and stakeholders, potentially leading to increased business opportunities.
• - Long-Term Viability: By diversifying energy sources with solar, Riopele not only secures a stable energy supply but also protects itself against fluctuating energy prices, ensuring greater operational stability and long-term viability.

This strategic move by Riopele highlights the growing trend among businesses to integrate renewable energy solutions into their operations, thereby reinforcing their commitment to sustainability and environmental stewardship.