Portugal's EDP to invest $27 billion to nearly double renewable capacity

Wed, 5 Apr 2023 20:05:31 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.reuters.com/business/sustainable-business/portugals-edpr-invest-2234-billion-until-2026-push-green-growth-2023-03-02/>

"LISBON/LONDON, March 2 (Reuters) - Portugal's largest utility, EDP (EDP.LS)
said it will step up investment and spend 25 billion euros ($27 billion) over
four years to nearly double its renewable energy capacity to 33 gigawatts (GW)
by 2026.

In its strategic plan through 2026, unveiled on Thursday, EDP said 21 billion
euros would be invested by its wind and solar unit EDP Renovaveis (EDPR.LS) -
the world's fourth-largest renewable energy producer - and 4 billion euros
would be directed towards electricity grids.

This would increase average annual investment to 6.2 billion euros, 30% above
what it projected in a previous plan that ran to 2025."

Via Future Crunch:
<https://futurecrunch.com/good-news-maternal-mortality-high-seas-atlantic-forest/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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