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flag EDP plans a 12-billion-euro U.S. renewable push, targeting 25 GW by 2028, though shares dropped on modest profit forecasts.

flag EDP plans to invest 12 billion euros from 2026 to 2028, with 60% going to U.S. renewable projects, aiming to expand capacity to 25 gigawatts by 2028. flag The company expects EBITDA to reach 5.2 billion euros by 2028 and net income to grow to 1.3 billion, supported by data center demand and grid upgrades in Iberia. flag Despite strong growth projections, shares fell 6% as profit targets were seen as below expectations. flag The company confirmed no M&A activity and expects net debt to stabilize at 16 billion euros before declining to 15 billion by 2028.

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