EDP will maintain full control over the renewable hydrogen project situated within the Pecém complex.
The Pecém complex, covering 17,000 hectares, is equipped with comprehensive infrastructure to support new business ventures. EDP previously sold 80% of its stake in Pecém to a group of Brazilian investors led by Mercurio Asset in late 2023. The sale of the remaining stake aligns with EDP’s strategy to shift toward sustainable energy and reduce its carbon footprint.
The transaction requires regulatory approvals and standard procedural conditions to be fully completed. While exiting coal operations, EDP will maintain full ownership of a renewable hydrogen project within the Pecém complex. This project achieved a milestone in December 2022 by producing Brazil’s first molecule of green hydrogen, a significant step for both EDP and the country’s energy transition efforts.
EDP’s CEO in Brazil, João Marques da Cruz, stated: “This divestment reinforces our commitment to sustainable energy solutions. By focusing on initiatives like green hydrogen, we are contributing to a cleaner energy future for Brazil and beyond.” The company is actively pursuing energy conversion initiatives across its operations in Brazil, Portugal, and Spain, with a strong emphasis on renewable energy development, particularly green hydrogen.
In a related development, EDP signed an agreement in March 2025 with ENGIE Brasil Energia, which acquired two hydropower plants in northern Brazil for 2.9 billion reais, comprising 2.3 billion reais in equity value and 671,000 reais in net debt. These efforts reflect EDP’s broader commitment to advancing sustainable energy solutions and supporting Brazil’s transition to cleaner energy sources.
