Portugal’s biggest utility, EDP, has rolled out a €12 billion investment programme for 2026–2028 that doubles down on clean energy development, with a clear spotlight on opportunities in the United States.
About €7.5 billion will flow to EDP Renováveis — the group’s renewables arm and the world’s fourth-largest wind operator — to build out wind farms, solar installations and battery storage. Roughly 60% of that allocation is intended for the U.S., where EDP aims to raise EDPR’s installed capacity from around 20 GW today to roughly 25 GW by 2028.
The plan also sets aside €3.6 billion for electricity network projects, mainly across Portugal and Spain, to support grid upgrades and expansion. In the opening nine months of 2025 the company already committed close to €2.6 billion in investments.
On the financial front, EDP expects recurring net income of about €1.2 billion this year, with forecasts of €1.2–1.3 billion for 2026 and near €1.3 billion by 2028.
Recurring EBITDA is projected at €4.9–5.0 billion in 2026, rising to approximately €5.2 billion by 2028 as renewable output and network returns scale up.
EDP’s €12 billion roadmap seeks to capture rising power demand — in part fuelled by expanding U.S. data centre infrastructure — and cements the utility’s ambitions to play a larger role in the global energy transition while expanding its North American footprint.
A drone strike near Dubai Airport hit a fuel tank and caused a large fire. Flights were temporarily
Donald Trump says the US will focus on ending the Iran conflict before dealing with Cuba, even as ta
Federal government signs landmark agreements with Musqueam Nation, recognizing Aboriginal rights whi
Canada’s labour market faltered with a sharp drop in employment and higher unemployment, marking the
