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EDP plans a 12-billion-euro U.S. renewable push, targeting 25 GW by 2028, though shares dropped on modest profit forecasts.
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.
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.
Despite strong growth projections, shares fell 6% as profit targets were seen as below expectations.
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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EDP planea un impulso de energía renovable estadounidense de 12 mil millones de euros, con un objetivo de 25 GW para 2028, aunque las acciones cayeron en previsiones de ganancias modestas.