- Rising inflation and interest rates.
- Inadequate permitting processes.
- Supply chain restrictions impacting solar panel deliveries.
- El Niño effect generating a below-average wind resource.
- Contracyclical windfall energy taxes in Europe.
- Delays in grid connection permitting for wind projects in Colombia.
- Unexpected solar panels supply chain bottlenecks in the US.
EDP Renováveis, S.A.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, EDP Renováveis, S.A. disclosed greenhouse gas emissions of 2.4M tCO2e/year. By scope: Scope 1: 3.2K tCO2e/year; Scope 2: 28.5K tCO2e/year; Scope 3: 2.4M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.4M tCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 28.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.4M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.4M tCO2e/year |
| 2020 | 31.6 k tons CO2e |
| 2017 | 1.6K tons of CO2e (Scope 1) + 8005 tons of CO2e (Scope 2) + 6124 tons of CO2e (Scope 3) |
| 2016 | 20.1 million tCO2e avoided |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Avoided the emission of 20.4 million tons of CO2 in 2023.
- Recovered 72% of total waste generated and 92% of hazardous waste.
- Launched the "Close the Loop" program in partnership with SOLARCYCLE to recycle solar panels.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Add 4 GW of capacity in 2024.
📅 Medium-term
- Achieve 85% waste recovery rate by 2026.
- Achieve Net Gain Biodiversity in all new projects with significant residual impacts by 2030.
🔭 Long-term
- Net zero emissions by 2040.
🌱 ESG Focus Areas
Climate ChangeCircular EconomyBiodiversityHuman RightsCommunity EngagementGovernance