Might 12 (Renewables Now) – Portuguese electrical utility EDP – Energias de Portugal SA (ELI:EDP) has clinched a deal to put in as much as 100 MWp of photo voltaic panels at websites of French automotive elements maker Faurecia SE (EPA:EO) throughout quite a lot of international locations all over the world.
Underneath the partnership, greater than 60 self-consumption photo voltaic parks will pop up at Faurecia’s areas in Portugal, Spain, Italy, the US, China, South Korea, Japan and Thailand, serving to the automotive elements producer scale back its dependence on the grid and its carbon emissions. The arrays are anticipated to be put in by the top of 2023.
The settlement makes use of an as-a-service mannequin — EDP will put money into the photo voltaic panels and function and keep them beneath long-term contracts aligned to every particular market.
That is EDP’s largest distributed photo voltaic vitality venture to date and the primary with a single accomplice spanning a number of continents.
Distributed photo voltaic vitality is a strategic space for EDP and the group has been increasing on this phase via natural progress and acquisitions. It goals to put in greater than 2 GW in properties and companies by 2025.