EDP Renewables APAC Acquisition, Valuation, Funding & Investors

EDP Renewables APAC was acquired by EDP Renovaveis for $816M in November 2021.

EDP Renewables APAC acquisition price

$816M

Acquired by EDP Renovaveis · Nov 2021

Cumulative funding EDP Renewables APAC raised

$287M

across 6 funding rounds

Key investors in EDP Renewables APAC

EDP Renewables APAC Overview

About EDP Renewables APAC

EDP Renewables APAC is a Singapore-headquartered developer of solar photovoltaic projects and clean energy supply in Asia Pacific. Licensed as both electricity wholesaler and retailer by Singapore's Energy Market Authority since 2011, it offers solar leasing and power purchase agreements. The company operates rooftop and ground-mounted systems totaling 100 MWp across Singapore, Australia, and Vietnam, supporting corporate net-zero goals.


Founded

2011

HQ

SingaporeSingapore

Website

edp.com

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$222M (Sep 2017)

EDP Renewables APAC Acquisition

EDP Renewables APAC was acquired by EDP Renovaveis for $816M on 2 November 2021.

Before the acquisition EDP Renewables APAC had raised $287M across 6 funding rounds.

EDP Renewables APAC acquisition details
AcquirerDateTypePrice
  • EDP Renovaveis
2 Nov 2021Strategic M&A$816M

EDP Renewables APAC Valuation

EDP Renewables APAC is currently valued at $222M, based on its strategic investment round in September 2017.

The $56M round was led by Banpu Power.

EDP Renewables APAC's valuation has grown 1.6x from $143M at its Series C in May 2017 to $222M in September 2017, across 2 priced rounds.

EDP Renewables APAC valuation by funding round

EDP Renewables APAC valuation by funding round
DateStageValuation
Sep 2017Strategic investment$222M
May 2017Series C$143M

EDP Renewables APAC Funding History

EDP Renewables APAC has raised a total of $287M across 6 funding rounds.

EDP Renewables APAC's first fundraising round was a $77M Series B in August 2015. The most recent completed round was a $23M strategic investment round in September 2025.

EDP Renewables APAC funding rounds

EDP Renewables APAC funding rounds
DateStageInvestorsRaisedValuation
Sep 2025Strategic investmentEDP Renovaveis (lead)$23M-
Aug 2022Strategic investmentEDP Renovaveis (lead)$90M-
Jan 2020Series DABC World Asia (lead); Temasek$37M-
Sep 2017Strategic investmentBanpu Power (lead)$56M$222M
May 2017Series CISOTeam (lead)$5M$143M
Aug 2015Series BTRIREC (lead); APUS Investments; Enspire Capital; Chow Tai Fook; DBS Bank$77M-

Who has invested in EDP Renewables APAC?

10 investors have backed EDP Renewables APAC across its funding rounds, including EDP Renovaveis, Temasek, Enspire Capital, TRIREC, DBS Bank and Chow Tai Fook.

Lead investors include EDP Renovaveis, ABC World Asia, Banpu Power, ISOTeam and TRIREC.


EDP Renewables APAC Investors

Investors in EDP Renewables APAC by funding rounds participated
InvestorHQRoundsRoleFirst check
EDP RenovaveisSpainMadrid2LeadAug 2022
TemasekSingaporeSingapore1ParticipantJan 2020
APUS InvestmentsHong KongHong Kong1ParticipantAug 2015
Enspire CapitalSingaporeSingapore1ParticipantAug 2015
Chow Tai FookHong KongHong Kong1ParticipantAug 2015
ABC World AsiaSingaporeSingapore1LeadJan 2020
DBS BankSingaporeSingapore1ParticipantAug 2015
ISOTeamSingaporeSingapore1LeadMay 2017

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EDP Renewables APAC Competitors

EDP Renewables APAC competitors include listed companies like Engie Energia Peru and Reliance Power, and private ones like Órigo Energia, MSolar, Sustech and Apraava Energy.

Public and private companies comparable to EDP Renewables APAC
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Órigo EnergiaBrazilSão PauloPrivate--$816M-
MSolarUnited StatesUnited StatesPrivate--$801M-
SustechJapanTokyoPrivate--$800M-
Apraava EnergyIndiaMumbaiPrivate--$833M-
Engie Energia PeruPeruPeruPublicly listed$653M$256M$848M2.0x
Reliance PowerIndiaIndiaPublicly listed$751M$278M$908M-

EDP Renewables APAC Public Comps

EDP Renewables APAC is no longer listed, but its public comps include Tamar Petroleum, Shanghai Huitong Energy, TXO Partners, Pason Systems, ABRAJ Energy Services, Canadian Solar, Engie Energia Peru, Paratus, CrossAmerica Partners and Energy Vault.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tamar Petroleum$300M$140M5.0x-10.6x-
Shanghai Huitong Energy$15M$6M49.7x-119.6x-
TXO Partners$401M$91M2.4x2.6x10.7x5.7x
Pason Systems$300M$93M2.6x2.5x8.3x6.8x
ABRAJ Energy Services$383M$127M2.9x2.7x8.6x8.1x
Canadian Solar$5.6B$546M1.6x1.5x16.1x15.6x
Engie Energia Peru$653M$256M1.9x2.0x4.9x5.2x
Paratus$153M-9.8x5.6x-14.1x

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Common questions about EDP Renewables APAC

When was EDP Renewables APAC founded?EDP Renewables APAC was founded in 2011.
Where is EDP Renewables APAC headquartered?EDP Renewables APAC is headquartered in Singapore, Singapore.
Is EDP Renewables APAC publicly listed?No, EDP Renewables APAC was acquired by EDP Renovaveis in November 2021.
Who acquired EDP Renewables APAC?EDP Renewables APAC was acquired by EDP Renovaveis in November 2021.
How much was EDP Renewables APAC acquired for?EDP Renewables APAC was acquired for $816M in November 2021.
What is EDP Renewables APAC's valuation?EDP Renewables APAC was last valued at $222M in its strategic investment round in September 2017.
How much funding has EDP Renewables APAC raised?EDP Renewables APAC has raised $287M across 6 funding rounds.
What was EDP Renewables APAC's last funding round?EDP Renewables APAC's last funding round was a $23M strategic investment round in September 2025, led by EDP Renovaveis.
Who are EDP Renewables APAC's investors?EDP Renewables APAC's investors include EDP Renovaveis, Temasek, APUS Investments, Enspire Capital, Chow Tai Fook, ABC World Asia, DBS Bank, ISOTeam, TRIREC and Banpu Power.
Which companies are comparable to EDP Renewables APAC?Companies comparable to EDP Renewables APAC include Órigo Energia, MSolar, Sustech, Apraava Energy, Engie Energia Peru and Reliance Power.

See companies similar to EDP Renewables APAC

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