| Previous close | 4.6934 |
| Open | 4.7450 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 4.7450 - 4.7450 |
| 52-week range | 4.7450 - 4.7450 |
| Volume | |
| Avg. volume | N/A |
| Market cap | 171.661M |
| Beta (5Y monthly) | 0.50 |
| PE ratio (TTM) | 0.47 |
| EPS (TTM) | 0.1000 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
Portugal's largest utility EDP is committed to keeping more than 70% of its wind and solar unit EDP Renovaveis, its chief executive told a news conference on Thursday. Earlier on Thursday it said EDPR, in which it holds a 75% stake, intended to raise 1 billion euros through a share sale, and Lisson Grove Investment, an affiliate of Singapore sovereign wealth fund GIC, had committed to subscribe to the issue at between 19.25 euros and 20.5 euros per share. EDPR is worth 19.5 billion euros ($21 billion) and the share sale would equate to slightly less than a 5% stake, said Chief Executive Miguel Stilwell de Andrade.
Portugal's largest utility, EDP said it will step up investment and spend 25 billion euros ($27 billion) over four years to nearly double its renewable energy capacity to 33 gigawatts (GW) by 2026. In its strategic plan through 2026, unveiled on Thursday, EDP said 21 billion euros would be invested by its wind and solar unit EDP Renovaveis - the world's fourth-largest renewable energy producer - and 4 billion euros would be directed towards electricity grids. This would increase average annual investment to 6.2 billion euros, 30% above what it projected in a previous plan that ran to 2025.
Portugal's EDP Renovaveis (EDPR) on Thursday announced plans to invest around 21 billion euros ($22.34 billion) to deploy 17 gigawatts (GW) of new renewable capacity until 2026 and said it had chosen Singapore's sovereign wealth fund GIC to partially fund the move. EDPR - the world's fourth-largest renewable energy producer - said in a statement that it intends to raise equity through a capital increase of 1 billion euros to fund part of the investment, "subject to corporate approvals and favourable market conditions being met". It said that Lisson Grove Investment, an affiliate of GIC, has committed to subscribe the capital increase at a price between 19.25 euros and 20.50 euros per share.
Singapore-based renewables firm EDPR Sunseap is eyeing north Asian economies as well as Vietnam and Australia to expand its utility-scale growth capacity, said a company executive on Wednesday. "Today our utilities strategy is heavily focused on Vietnam, China, South Korea, Japan and potentially Australia if we can find the opportunities to get in," said Pedro Vasconcelos, executive chairman of EDPR Sunseap.
Portugal's main utility EDP will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice of the 16 gigawatts of photovoltaic power the region is expected to install on rivers and seas by 2030. CEO Miguel Stilwell said on Friday the first of these farms, with a capacity of 5 megawatts, launched last year in Singapore by its unit Sunseap, Southeast Asia's fourth-largest solar operator, showed "positive and encouraging results". "EDP sees this new technology as a good trigger for its expansion in Southeast Asia, and is already evaluating and developing other projects there," Stilwell told Reuters on the sidelines of the U.N. Ocean Conference in Lisbon.
Portugal's main utility EDP will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice of 16 gigawatt of photovoltaic power the region is expected to install over rivers and seas by 2030. EDP Chief Executive Officer Miguel Stilwell said on Friday the first of these farms, with a capacity of 5 megawatts, launched last year in Singapore by its unit Sunseap - Southeast Asia's fourth-largest solar operator - showed "positive and encouraging results". "EDP sees this new technology as a good trigger for its expansion in Southeast Asia, and is already evaluating and developing other projects there," Stilwell told Reuters on the sidelines of the U.N. Ocean Conference in Lisbon.