EDP Renewables

Name

EDP Renewables

Legal name

EDP Renewables

Website

https://edprnorthamerica.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy Generation

NAICS

Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)

akta.pro secondary industries

Renewable Energy Infrastructure (FSAAAKAG), Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)

Keywords

• Wind energy generation
• Solar energy development
• Battery energy storage
• Power purchase agreements
• Utility-scale renewables

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

1. Power Purchase Agreements (PPAs): Long-term power purchase agreements with utilities, corporations, and tech companies for electricity supply from wind, solar, and storage projects. Revenue generated from energy sales under fixed-term contracts typically spanning 15-30 years.
2. Utility-Scale Project Development: Development, ownership, and operation of utility-scale renewable energy projects. Capital investment in wind farms, solar parks, and battery storage facilities generating recurring revenue through PPAs and merchant sales.
3. Energy Storage Services: Battery energy storage systems providing grid services including peak shaving, load balancing, and grid reliability support. Revenue from utility contracts for storage capacity and energy delivery services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

EDP Renewables develops, owns, and operates utility-scale renewable energy projects across North America, including 61 wind farms, 29 solar parks, battery energy storage systems, and 540+ distributed generation sites representing more than 12,300 MW of installed capacity. The company generates and sells clean electricity to utilities, corporations, and technology companies under long-term power purchase agreements (PPAs) typically spanning 15-30 years.

Product overview

EDP Renewables North America (EDPR NA) is a leading developer, owner, and operator of renewable energy projects across North America. The company operates a unified portfolio of renewable energy products centered on four core offerings: Wind Energy (61 wind farms), Solar Energy (29 solar parks), Energy Storage (battery storage and hybridization solutions), and Distributed Generation (540+ active sites). The company serves communities and businesses with more than 12,300 megawatts of reliable, clean energy across the United States, Canada, and Mexico, powering the equivalent of more than 3.3 million homes each year. Major projects include the Flatland Energy Storage Project (200MW/800MWh BESS in Arizona), Pleasantville Solar (150 MW in Illinois with Microsoft), Riverstart IV (150 MW in Indiana), Cypress Knee Solar (250 MW in Arkansas with Meta), and the Three Lakes Solar and Battery Storage (300 MW in Michigan).

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Energy Utility-scale onshore wind farms developed, owned, and operated across North America. EDPR NA operates 61 wind farms generating clean electricity from wind resources for sale to utilities and corporate buyers under long-term PPAs.
• Solar Energy Utility-scale solar photovoltaic parks developed, owned, and operated across North America. EDPR NA operates 29 solar parks generating emissions-free electricity from solar resources for sale under long-term PPAs.
• Energy Storage Battery energy storage systems (BESS) and hybridization solutions that store renewable energy for dispatch during peak demand periods. Includes co-location with wind and solar projects to enhance grid reliability and provide storage capacity services to utilities.
• Distributed Generation Smaller-scale distributed energy solutions across North America with 540+ active sites serving commercial and industrial customers with localized renewable energy generation.
• Flatland Energy Storage Project 200MW/800MWh battery energy storage system in Coolidge, Arizona developed in partnership with Salt River Project (SRP). The largest BESS in EDP Group's global portfolio, co-located with Brittlebrush Solar Park, powering approximately 44,500 homes and enhancing grid reliability.
• Cypress Knee Solar Project 250 MW photovoltaic solar project in Chicot County, Arkansas developed under a long-term PPA with Meta. Third renewable energy partnership with Meta bringing total contracted capacity to 545 MW. Expected to generate $25 million in revenue for Chicot County.
• Pleasantville Solar Park 150 MW solar project in Fulton County, Illinois with a long-term power purchase agreement with Microsoft. Connected to the MISO grid for regional distribution, using advanced photovoltaic technology and representing a $234 million capital investment.
• Riverstart IV Solar Project 150 MW solar project in Randolph County, Indiana that delivers reliable power and local investment. Part of EDPR NA's 2 GW operating capacity in Indiana, contributing to its position as the largest clean energy operator in the state powering the equivalent of 527,000 homes and businesses.
• Three Lakes Solar and Battery Storage 300 MW solar and battery storage project in Fabius Township, St. Joseph County, Michigan approved by local planning commission. Involves over 50 landowners for land lease arrangements.
• Eagle Creek Solar Project

Quantifiable outcome

• Powers equivalent of more than 3.3 million homes annually
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Salt River Project (SRP)coreStrategic or Co-development Partner · 9 June 2026Arizona public power utility partnership for Flatland Energy Storage project - 800 MWh battery energy storage system in Coolidge, Arizona. Largest BESS in EDP Group's global portfolio, co-located with Brittlebrush Solar Park. Project enhances grid reliability for approximately 44,500 homes.
• MetaflagshipStrategic or Co-development Partner · 8 May 2026Long-term power purchase agreement for 250 MW Cypress Knee Solar project in Chicot County, Arkansas. Third renewable energy partnership between the companies, bringing total contracted capacity to 545 MW. Project expected to be operational by 2028.
• Ocean WindscoreStrategic or Co-development Partner · 27 April 2026Joint venture between ENGIE and EDP Renewables for offshore wind development. Ocean Winds manages projects including Golden State Wind (California) and Bluepoint Wind (New Jersey/New York). The Trump administration reached agreements totaling nearly $900 million for these companies to terminate U.S. offshore wind leases and redirect funds to fossil fuel infrastructure.
• MicrosoftflagshipStrategic or Co-development Partner · 24 March 2026Long-term PPA supporting Pleasantville Solar (150 MW) in Fulton County, Illinois. One of six renewable energy developers helping Microsoft achieve its 2025 goal of matching 100% of global electricity consumption with renewable energy purchases.
• Ducks UnlimitedminorStrategic or Co-development Partner · 10 February 2026Environmental partnership with Ducks Unlimited for White River National Wildlife Refuge restoration in Arkansas. EDP Renewables donated $162,500 to restore 640 acres of wetlands and enhance wildlife habitat.
• Fremont Township / Michigan Department of Environment, Great Lakes, and EnergycoreStrategic or Co-development Partner · 15 April 2025Partnership with Fremont Township in Michigan for Eagle Creek Solar Project - 120 MW solar park generating clean energy for 33,500 homes. Township receiving $600,000 state funding for project development.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• NextEra Energy Resources: Subsidiary of NextEra Energy and the largest U.S. wind and solar developer/operator. Comparable in utility-scale wind and solar project development and long-term PPA structuring, but with much larger scale and a regulated-utility parent.
• ENGIE North America: North American subsidiary of ENGIE, EDPR's joint-venture partner in Ocean Winds. Operates utility-scale renewables and storage with comparable corporate PPA and utility customers.
• Avangrid Renewables: U.S. renewables arm of Iberdrola operating wind, solar, and storage. Comparable in utility-scale generation, PPA-driven revenue model, and multi-state U.S. footprint.
• RWE Renewables Americas: Americas renewables subsidiary of RWE, developing utility-scale wind, solar, and storage in the U.S. Comparable technology mix and corporate PPA customer base to EDPR NA.

Direct peers

• Invenergy: Privately held developer, owner, and operator of utility-scale wind, solar, and storage across North America. Closely comparable in business model (long-term PPAs with corporates and utilities), technology mix, and customer base.
• AES Clean Energy: U.S. renewables arm of The AES Corporation, focused on utility-scale solar, wind, and battery storage with long-term PPAs. Highly comparable to EDPR NA in project types, customers, and scale.
• Clearway Energy Group: Owns and operates utility-scale wind, solar, and energy storage in the U.S., with revenue largely contracted under long-term PPAs. Closely comparable contracted-asset business model.
• Lightsource bp: Global utility-scale solar developer and operator with significant U.S. presence. Comparable in solar project development, corporate PPA offtake, and battery storage hybridization strategy.

Emerging players

• Orsted (U.S. onshore): Global offshore wind leader expanding into U.S. onshore renewables. Comparable in technology ambition and corporate clean-energy positioning, though more offshore-weighted.
• Avantus (formerly 8minute Solar Energy): U.S. utility-scale solar and storage developer with large late-stage pipeline. Comparable technology focus and PPA-driven business model, though more narrowly concentrated in solar-plus-storage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@EDPRenewablesNorthAmerica
• LinkedInlinkedin.com/company/edprna
• Instagraminstagram.com/edp.global
• Xx.com/edprenewables

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EDP Renewables