EDP supports Singapore's energy transition goals

A special thanks to Singapore Economic Development Board (EDB) for highlighting EDP in the Business for Good campaign. It's a privilege to be part of Singapore's compelling energy narrative, which exemplifies how a dynamic ecosystem can facilitate regional energy transition. Singapore has set ambitious environmental goals, aiming to achieve 2GWp of solar deployment by 2030. As of mid-2024, the nation is well on its way, having already deployed 1.35GWp of solar energy. EDP is a key enabler in this endeavour, contributing to over 30% of Singapore's installed solar portfolio (congratulations to the EDP Renewables APAC team!) Our success in various innovative projects, made possible by the nation’s supportive environment for renewables, highlights the powerful impact of public-private partnerships. These collaborations are essential to propel the energy transition in the region. Singapore's electricity demand is projected to grow at a compound annual growth rate (CAGR) of 2.8-3.2% from 2022 to 2032. Currently, Singapore relies heavily on natural gas, which accounts for about 94% of its energy mix. However, by 2035, the country aims to reduce this reliance to just over 50%, with renewable energy making up over 30% of the mix. This shift is part of Singapore's broader strategy to achieve net-zero carbon emissions by 2050. Working alongside partners like EDB, EDP Renewables is committed to pushing the boundaries of renewables deployment and accelerating Singapore and the region path towards net-zero. Together, we are forging a sustainable future for all. Read the full feature below. #EDPWeChooseEarth

This shows what’s possible when an ecosystem truly backs its innovators. Curious—how do you think other sectors can replicate Singapore’s success in scaling healthtech startups?

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