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- EDP Renewables APAC
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 Renovaveis
Temasek
Enspire Capital
TRIREC
DBS Bank
Chow Tai Fook
ABC World Asia
Banpu Power
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
Website
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 2 Nov 2021 | Strategic 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
| Date | Stage | Valuation |
|---|---|---|
| Sep 2017 | Strategic investment | $222M |
| May 2017 | Series 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
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Sep 2025 | Strategic investment | EDP Renovaveis (lead) | $23M | - |
| Aug 2022 | Strategic investment | EDP Renovaveis (lead) | $90M | - |
| Jan 2020 | Series D | ABC World Asia (lead); Temasek | $37M | - |
| Sep 2017 | Strategic investment | Banpu Power (lead) | $56M | $222M |
| May 2017 | Series C | ISOTeam (lead) | $5M | $143M |
| Aug 2015 | Series B | TRIREC (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Aug 2022 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Aug 2015 | ||
| 1 | Participant | Aug 2015 | ||
| 1 | Participant | Aug 2015 | ||
| 1 | Lead | Jan 2020 | ||
| 1 | Participant | Aug 2015 | ||
| 1 | Lead | May 2017 | ||
This data is available for Pro users. Sign up to see all 10 EDP Renewables APAC investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialEDP 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $816M | - | ||
| Private | - | - | $801M | - | ||
| Private | - | - | $800M | - | ||
| Private | - | - | $833M | - | ||
| Publicly listed | $653M | $256M | $848M | 2.0x | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $300M | $140M | 5.0x | - | 10.6x | - | |||
| $15M | $6M | 49.7x | - | 119.6x | - | |||
| $401M | $91M | 2.4x | 2.6x | 10.7x | 5.7x | |||
| $300M | $93M | 2.6x | 2.5x | 8.3x | 6.8x | |||
| $383M | $127M | 2.9x | 2.7x | 8.6x | 8.1x | |||
| $5.6B | $546M | 1.6x | 1.5x | 16.1x | 15.6x | |||
| $653M | $256M | 1.9x | 2.0x | 4.9x | 5.2x | |||
| $153M | - | 9.8x | 5.6x | - | 14.1x | |||
This data is available for Pro users. Sign up to see all EDP Renewables APAC competitors and their valuation data. Start Free Trial | ||||||||
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. |
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