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EDP plans to invest 1.5 billion euros in the development of renewable wind projects in the ocean by 2025.
Following EDP’s Strategic Plan presented in 2021, the Group will contribute with 1.5 billion euros to support the achievement of the wind capacity addition targets of Ocean Winds (OW) – the joint venture held in 50/50 by EDPR and Engie. In total, by 2025 OW plans to add 5 to 7 GW of projects already in operation or under construction and 5 to 10 GW of projects in advanced stage of development.
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