EDP Aims to Invest $2 Billion in Asian Green Projects by 2030

EDP SA is planning to invest up to $2 billion on renewable energy and battery projects in Asia through 2030, even as the company pulls out of some less promising markets in the region.

“We have been undergoing a trimming down of markets which were options, but that are not materializing at the speed and at the scale that we actually need,” said Pedro Vasconcelos, executive board member at EDP overseeing the APAC region. That will “allow us then to double down on Singapore, Australia, Japan.”