Portuguese energy company EDP has unveiled plans to invest €1.3 billion in France by 2030 to develop more than 1 GW of new onshore and offshore wind, solar, and battery storage projects. The announcement was made during the ninth edition of the Choose France Summit, an initiative led by the French Presidency to attract foreign investment.

The investment will be carried out through EDP Renewables France and Ocean Winds, the company's offshore wind joint venture with ENGIE. The projects will be deployed across the country and are expected to support France’s efforts to strengthen energy security, accelerate decarbonization, and enhance industrial competitiveness.

According to EDP, the new renewable generation and storage assets will be fully dispatchable by the grid operator, helping to improve the resilience and flexibility of the French power system while reducing reliance on imported fossil fuels.

Supporting France’s Energy Sovereignty

The company said the planned investments align with France’s ambitions to expand low-carbon electricity generation and reinforce its energy sovereignty. Renewable energy technologies such as wind and solar are increasingly viewed as strategic assets, capable of providing decades of domestic electricity production once installed.

“We are honored to be among the major investors at the Choose France Summit. France plays a pivotal role in Europe’s energy transition, and EDP is firmly committed to supporting countries that choose low-carbon and sustainable energy as a lever for energy independence,” said Miguel Stilwell d’Andrade, Chief Executive Officer of EDP.

EDP has been active in France for more than 20 years and has developed over 800 MW of wind and solar capacity in the country, generating nearly 12 TWh of electricity since 2006.

Globally, the group operates 32.8 GW of installed capacity and is active across the entire electricity value chain, including generation, transmission, distribution, and retail. The company says this integrated approach allows it to develop solutions tailored to the evolving needs of energy markets.

The French investment programme forms part of EDP’s broader Business Plan through 2028, under which the company intends to invest more than €12 billion globally. Around 70% of that amount will be directed toward renewable generation technologies—including wind, solar, and batteries—while the remaining 30% will support network development.

EDP emphasized that the current environmental and geopolitical context requires a faster deployment of clean energy capacity across Europe to reduce dependence on fossil fuel imports and strengthen the continent’s long-term energy resilience.