LISBON (Reuters) -Portugal’s largest utility, EDP, plans to invest 12 billion euros ($13.99 billion) between 2026 and 2028, mainly to expand its renewable capacity with a focus on the United States, the company said on Thursday.

In its strategic plan through 2028, EDP also reiterated its recurring EBITDA target of around 4.9 billion euros for 2025, putting it at 4.9–5.0 billion euros in 2026 and about 5.2 billion by 2028.

It expects recurring net income to reach around 1.2 billion euros this year, between 1.2 billion and 1.3 billion euros in 2026, and roughly 1.3 billion by 2028.

EDP said 7.5 billion euros would be invested by its renewable unit EDP Renovaveis – the world’s fourth-largest wind energy producer – in wind, solar and battery energy storage systems, “of which around 60% are

See Full Page