EDP Renewables is planning to invest about £660m in onshore wind and solar in the UK over the next five years.
The company said the investment follows on from the acquisition of 544MW of onshore wind and solar projects in July.
It is actively seeking new opportunities in this segment, with 200MW of wind projects currently being negotiated with local partners, EDPR said.
In total, the company plans to spend £12.86bn, which is in addition to the £2.65bn committed by the company to its Ocean Winds offshore wind joint venture with Engie for the Moray East and Moray West projects.
Once Moray West has been completed, the project is expected to require additional Capex of £2.2bn over the following three to four years.
Ocean Winds is also waiting to learn of the result of ScotWind, the offshore leasing round in Scottish waters, where it has submitted bids for up to 9GW of capacity for both fixed and floating projects.
The company is targeting a minimum of 3.9GW between a fixed project and a floating one. The capex for both projects would amount to £10bn.
EDPR chief executive Miguel Stilwell d’Andrade said: “These plans to invest up to £13bn by 2030 underscore our commitment to the United Kingdom – a strategic market for the growth of the group.
“We have an established position in the offshore market, now complemented by our entry into onshore and we will explore any further opportunities that allow us to continue to play a leading role in the UK’s energy transition.”


