Business Plan | EDP Portugal

25 billion investment plan until 2026 will boost renewable additions and support the group’s new net zero targets. Intended capital raise at EDP and EDPR to support the growth ambition. Delisting of EDP Brazil unlocks value creation and promotes corporate simplification. 

This repowering has been completed at the Blue Canyon II Wind Farm and its longevity will be extended an additional 20 to 30 years. As a result of this repowering, the installed capacity of the project increases from 151 MW to 162 MW. This project is located in the state of Oklahoma and is part of the four-phase Blue Canyon Wind Farm, which has a total installed capacity of 423 MW.

The agreement involves financing the development, construction and operation of the six parks.

The project will be located on the Caledonian seabed and it has been awarded by Crown Estate Scotland (CES) in the ScotWind seabed bidding. It is adjacent to the existing 950 MW Moray East and 0.9 GW Moray West offshore projects, allowing Ocean Winds to leverage experience and synergies regarding development, construction and operation.