“One of the main trends is the incredible growth in demand that we are witnessing,” stated Stilwell d’Andrade during the presentation of the strategic plan for 2026-2028 in London.
The executive cited an example of a data center currently under construction in Portugal with an installed capacity of about 1.2 gigawatts (GW). Upon completion, “this data center alone could account for ten terawatt-hours of energy. This represents 20% of Portugal’s energy demand,” he emphasized.
“I was surprised when I found this out,” he added, noting that similar phenomena are being observed “in the United States, in Portugal, in Spain, and virtually everywhere.”
EDP’s new plan, announced today, is based on a significantly increased demand environment and anticipates investments of 12 billion euros by 2028, focusing on renewable energy projects, electrical grids, and flexibility solutions.
According to the company, the total investment includes about 7.5 billion euros in EDP Renewables (EDPR) — in wind, solar, and energy storage projects (BESS) — with approximately 60% in the United States, and 3.6 billion euros in electricity networks, two-thirds of which are in the Iberian Peninsula.
A Lusa traveled to London at the invitation of EDP
