The company announced a total investment of approximately 7.5 billion euros in EDP Renováveis (EDPR) focused on wind, solar, and battery energy storage system (BESS) projects, with about 60% allocated to the United States, and 3.6 billion euros in electricity networks, two-thirds of which will be in the Iberian Peninsula.
This newly announced investment is lower than the previous strategic plan, which was 25 billion euros for the period 2023-2026. However, EDP emphasizes that the new cycle focuses on projects with higher returns and greater financial discipline.
The plan, presented today, is based on an increasing demand for electricity driven by the electrification of energy consumption and the expansion of data centers. It also foresees strengthening the flexible electricity production portfolio and client base in the Iberian Peninsula.
EDP predicts a strong investment need in the upcoming decade linked to the expansion of networks and the growing integration of renewables, anticipating additional opportunities for hybridization, wind repowering, and battery storage systems.
The 2026-2028 strategic plan continues the group’s energy transition strategy, aiming for a 100% renewable portfolio by 2030 and carbon neutrality by 2040.
