EDP Says Data Center Boom to Make Portugal One of Europe's Fastest-Growing Power Markets
EDP forecasts Portugal's electricity demand to grow 4.5% annually through 2035, driven by a 2.6GW data center pipeline leveraging low-cost renewable energy.
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EDP forecasts Portugal's electricity demand to grow 4.5% annually through 2035, driven by a 2.6GW data center pipeline leveraging low-cost renewable energy.
Portugal's EDP upgraded its full-year recurring net profit guidance to €1.4 billion, citing strong network performance and favorable hydro conditions. The utility beat H1 analyst forecasts, supported
EDP CEO Miguel Stilwell d'Andrade attributes slow renewable energy investment to national permitting delays rather than EU policy. The company plans €12 billion in investments between 2026 and 2028 to
EDP CEO asserts an independent board shields the utility from heightened scrutiny regarding China Three Gorges' 21% stake. Despite geopolitical tensions, EDP Renewables maintains global operations, in
France announced €93 billion in foreign investment pledges at its Choose France summit, creating over 15,600 jobs across sectors including AI, renewable energy, steel, packaging, and pharmaceuticals.
Portuguese utility EDP plans to sell a 49% stake in its Iberian solar assets for up to €200 million, serving industrial and commercial customers with 500 megawatts of capacity.
Portugal's energy regulator ERSE ruled that customers are not entitled to automatic compensation for the April 2025 blackout, attributing the cause to extraordinary circumstances in Spain. Grid operat
EDP SA has paused three US wind projects due to regulatory uncertainty under the Trump administration, scaling back staffing and delaying investment decisions while monitoring policy developments.