Sudene Backs EDP's 181 MW Solar Projects in Brazil

• Sudene approves BRL 109M loan for EDP Renovaveis' solar projects, boosting Brazil's Northeast renewable energy capacity by 181.1 MW and driving sustainable growth.

Brazil's Superintendency for the Development of the Northeast (Sudene) has approved a BRL 109 million (USD 18.9 million/EUR 17.5 million) loan package to support four solar projects by EDP Renovaveis Brasil. These projects have a combined capacity of 181.1 MW, contributing to the country's renewable energy expansion.

The funding aims to bolster solar energy infrastructure in Brazil's Northeast region, aligning with national goals for sustainable energy development. EDP Renovaveis Brasil, a subsidiary of EDP Renovaveis, is expected to enhance its renewable energy portfolio, promoting economic growth and energy diversification in the region.

How will Sudene's loan impact EDP Renovaveis Brasil's solar projects and regional energy goals?

• The loan will enable EDP Renovaveis Brasil to accelerate the construction and deployment of the four solar projects, ensuring timely completion and operational efficiency.
• It will contribute to increasing the installed solar capacity in Brazil's Northeast, a region with high solar irradiance, optimizing the use of natural resources.
• The funding supports regional energy goals by reducing dependency on fossil fuels and promoting cleaner energy sources, aligning with Brazil's commitment to reducing carbon emissions.
• The projects will create job opportunities during the construction and operational phases, stimulating local economies and providing skills development in renewable energy technologies.
• By enhancing the renewable energy portfolio, EDP Renovaveis Brasil will strengthen its market position and competitiveness in the Brazilian energy sector.
• The successful implementation of these projects could attract further investments in renewable energy in the Northeast, fostering a sustainable energy ecosystem.
• The loan aligns with Sudene's mission to promote economic and social development in the Northeast, addressing regional disparities and supporting infrastructure improvements.
• The increased solar capacity will contribute to energy diversification, enhancing grid stability and resilience against energy shortages or price fluctuations.