New energy sector at the centre of the economy and transformation towards Net Zero
We need a new decarbonized and electrified world…
in which a new energy sector is required
~95%
-100%
renewables
coal phase-out
share in power
in global power
generation in 2050
by 2050
3x
Zero-
carbon
global electricity
power sector
demand growth
by 2050
by 2050
Clean
Affordable
Reliable
4
Sources: Global Energy Perspective Report 2021
The energy of the future will be electric, clean, affordable and reliable, requiring an unparalleled renewables growth
Unprecedented growth
Cost competitive
(North America + Europe + South America
LCOE decrease in 2030 vs. 2019
Renewables additions p.a., GW)
250-300
+2x
~80
~40
2019
Today's forecast (1)
1.5 °C estimate (2)
forecast(1)
Solar PV
Wind onshore
Wind offshore(3)
-35%
-20%
-55%
Below wholesale electricity price
Around wholesale electricity price
Sources: McKinsey, EnergyData & IRENA 2030 Report; OECD Investing in Climate, Investing in Growth Report 2019
IHS market forecast in 2019 for 2019-22, and in 2020 for 2021-25
(2)
Top-down assessment based on world's capacity needed to reach net-zero emissions in 2050
5
(3)
Bottom-fixed
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EDP Renovaveis SA published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 22:27:17 UTC.
EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific.
Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen.
EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index.
EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.
EDP RENOVÁVEIS, S.A. 
