A €4.4 billion growth plan for EDP

EDP Renewables' growth plan can be achieved with its record 4GW of renewable energy capacity.

Partagez:

EDP Renewables’ growth plan can be achieved with its record 4GW of renewable energy capacity. 15 markets around the world are under construction, giving it greater diversification.

Sustained growth

The Portuguese company’s growth plan includes gross investments of €4.4 billion. They allow it to increase its international presence in 28 different national markets through acquisitions such as Sunseap. In addition, EDP Renewables continues to generate value through its asset rotation program.

The operating results also show growth, due to the increase in installed capacity and the strengthening of renewable energy products. This installed capacity of 14.3GW leads to a stable operational performance. Recently, the company successfully achieved 10.8GW of the additional 20 GW target set for the period 2021-2025.

EDP Renewables by over 40% of its target already installed or under construction. In addition, according to the growth plan, the company is completing its asset rotation ahead of schedule. Already €3.4 billion of the $8 billion revenue target is being realized.

Financial results

In the first nine months of 2022, EDP Renewables’ EBITDA increases to €1482 billion. The growth plan benefits from a 10% increase in installed capacity. In addition, it recorded a 14% increase in the production of renewable energy.

On the other hand, operating income increased to €331 million. This represents a year-over-year gain of $129 million. These figures result from asset rotation transactions concluded in Poland, Spain and Italy.

Finally, net profit increased to €416 million, representing a year-on-year gain of 181%. These results are partially offset by higher net financial costs. The growth plan raises this increase due to the increase in debt, the exchange rate and the cost of debt.

Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.