Business Plan with a strong focus on capturing growth of power demand
We are entering an era of sustained growth of power demand, namely supported by strong data centers deployment in the US, and renewables are the cheapest, fastest and most scalable technology.
In this context, EDPR's 2026-28 Business Plan was designed to capture electricity demand growth driven by electrification and data centers deployment, with renewables in the US at its core.
Macro context
-
Entering an era of sustained growth of power demand
-
Renewables are the cheapest, fastest and most scalable technology
-
More flexibility needs with increasing value pools
-
Market and regulatory tailwinds
-
EDPR leader in Renewables with strong track record and pipeline, namely in US
-
Strong relationship and origination track record with Big Tech and US utilities
-
Strong hedging and risk management, leveraging EDP’s Energy Management capabilities
Our 2026-2028 commitments
Our strategy is designed to create value that endures for shareholders, customers and communities alike - by expanding renewable energy that powers homes, cities and industries, and driving continuous efficiency through responsible action and innovation.
Focused growth
Visibility with improved returns and flexibility to accelerate
Business optimization
Focus on value and cash-flow generation from existing portfolio
Distinctive and resilient portfolio
High-quality portfolio with a sound Balance Sheet
Recurring EBITDA by 2028
Recurring net income by 2028
Scrip dividend payout ratio 2026-28
Between 2026 and 2028, we plan to invest around €7.5 billion with US renewables at the core.
This approach supports consistent performance, strengthens the balance sheet and preserves flexibility for future investment.
