Portugal

Portugal

Portugal's EDP increases its capacity goal

Energías de Portugal (EDP) wants to increase its global wind power production capacity from today's 1000 MW to 3000 MW by the end of 2008. Speaking at the inauguration of EDP's 49.5 MW Beelchite wind park in Zaragoza, Spain, last month, the company's António Mexia said renewable energy, with special emphasis on wind power, will be its first or second main area of investment in the next three to five years. EDP wants to be one of the ten biggest world players in the wind sector, says Mexia. The 1000 MW it currently operates is all in the Iberian Peninsula, 807 MW in Spain and 225 MW in Portugal, giving it a 10% share of the Iberian market. The 3000 MW goal could be met by wind projects it is already developing. EDP is a bidder in the government's call for 1000 MW of wind projects (Windpower Monthly, April 2006), while potential acquisitions in the Iberian market are also being considered, it says. More-over, Mexia says EDP is considering expanding further afield, with the US under particular scrutiny. Meanwhile, EDP's subsidiary, Neo Energía, has set a goal for 500 MW of installed wind power outside the Iberian peninsula. The company has already made acquisitions in France, where it is building two wind farms with a combined capacity of 30 MW. It is also eyeing investment possibilities in eastern Europe.

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