Big technology companies are driving demand for electricity produced by renewable projects as the firms invest in artificial intelligence and data centers, according to EDP SA , a developer of wind farms and solar energy projects in the US and Europe.
“Demand is just so great that what you see is some of these big tech companies just signing up as much supply as they can,” Chief Executive Officer Miguel Stilwell d’Andrade said in a Bloomberg Television interview with Manus Cranny in New York. “Whether it’s wind or solar, it has to be ready to build over the next couple of years. Gas is also something that’s being very much discussed.”