The Lone Valley Solar Project supports EDPR’s strategic agenda of selectively diversifying growth into new renewable technologies. EDPR already owns 50 MW of solar PV in Romania, installed in 2012 and 2013.
According to João Manso Neto, CEO of EDP Renováveis, “the company is consistently committed to those combinations of markets and technologies where we see a clear positive path in the future. This announcement once again serves to confirm our strategy in this regard.”
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR), headquartered in Madrid, Spain, is a global leader in the renewable energy sector and the world’s third-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 11 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, Poland, Portugal, the UK and Romania). Energias de Portugal, S.A. (“EDP”), the majority shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP is Portugal’s largest industrial group and the only Portuguese company to form part of the Dow Jones Sustainability Indexes (World and STOXX).