EDPR: strengthens its presence in the Australian market
January 31, 2024 at 05:37 am EST
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EDP Renewables (EDPR) intends to strengthen its activity in the Australian market, with a view to exploiting "the country's excellent growth prospects in the field of renewable energies".
In this context, and in order to fully implement its strategy and commitment to this market, EDPR has acquired the local renewable energies company ITP Development (ITPD).
Building on the company's well-established presence in the Asia-Pacific region, EDPR aims for excellence by capitalizing on ITPD's local expertise and bringing its global reach, technical skills and energy management know-how to Australia.
EDPR intends to focus on developing wind and solar projects combined with innovative storage solutions in Australia.
This is a strategic step that brings over 1.5 GW of capacity, with a pipeline of wind and solar projects at various stages of development, with options to attach battery energy storage systems (BESS), says EDPR.
The portfolio also includes a 480 MWp solar photovoltaic system and a 200 MW BESS project, which is at an advanced stage of development in Queensland and expected to come on stream by 2026.
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EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific.
Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen.
EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index.
EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.
EDP RENOVÁVEIS, S.A. 
