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EDP Renewables to Invest $1.58 Billion to Develop Offshore Wind Projects

EDPR is set to participate in the United Nations Ocean Conference this week

June 27, 2022

/ Gourav Mishra
/ Finance and M&A, Other, Wind
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Spain-based renewable energy company EDP Renewables (EDPR) announced that it would invest €1.5 billion (~$1.58 billion) in Ocean Winds through a 50:50 joint venture with global energy company Engie. The investment is part of the company’s strategic partnership announced in 2021 to accelerate energy transition through offshore wind.

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Gourav Mishra

More articles from Gourav Mishra.
EDPRinvestmentOcean WindsOffshore wind
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