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EDP Brazil shrinks hydropower portfolio in favor of solar

To this end, the company will invest BRL$6 billion (US$1.2 billion) in Brazil by 2025 with a goal to have 50% of its energy generated by solar.

According to BNamericas, the company has 85% of its generation coming from hydroelectricity but wants to reduce this percentage to half, with the other 50% coming from solar. The goal is to have 1GW of installed solar capacity by 2025 (today, this number is close to 0.1GW). For reference, Brazil had 9GW of installed photovoltaic capacity in 2021.

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