New Energy
EDP Bets Big on Australia in $1 Billion Asia Renewables Push
Solar panels at a EDP SA solar farm and wind turbines.
Photographer: Emilio Parra Doiztua/BloombergEDP SA’s renewables unit will invest about $1 billion in green energy projects across Asia-Pacific through 2028, with a focus on developing its presence in Australia.
About half the money will go to building solar and storage in Australia, Miguel Fonseca, chief executive of EDP Renewable’s APAC operations, said in an interview. He added the company aims to tap into the nation’s already high demand for energy storage.