EDA Renováveis, S.A. is an affiliated company of the regional electric utility EDA – Electricidade dos Açores, S.A and operates three geothermal power plants: Ribeira Grande and Pico Vermelho plants at São Miguel Island, with a combined net capacity of 23 MW and representing 43% of the electricity consumed on the Island and Pico Alto power plant, located at Terceira Island, with a net capacity of 3.5 MW representing about 12% of the electric consumption of the Island.
The campaign is designed to drill up to 8 geothermal wells: 3 production wells to saturate the power capacity installed at Ribeira Grande power plant (13 MW), 2 geothermal production wells to expand the power capacity of Pico Vermelho power plant to 15 MW and 3 geothermal production wells to saturate the actual power capacity installed in Pico Alto power plant and accommodate a possible expansion.
With the execution of this investment plan, the role of geothermal is expected to become even more significant in the Azorean power market, providing self-sufficiency to the archipelago and contributing towards the achievement of the European goals in what concerns renewable energy.
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