EN 
PT_BR 
A EDP announced this Thursday (02), that it will increase its global investments to 25 billion euros, accelerating the renewable sources and strengthening the position in electricity networks.
Goals are part of the Strategic Plan 2023-26, which will also support EDP's carbon neutrality commitments, allocating 85% of the contribution to renewables, customers and energy management and 15% to electricity networks in high-growth, low-risk markets, in four regional hubs:
Europe (investment 40%), North America (40%), South America (15%) and Asia-Pacific (5%). The company's annual investment rate will increase by 30% from the previous plan to 6.2 billion euros.
“Today we expand our ambition to lead the energy transition supported by a competitive and resilient portfolio, solid finances, an empowered team and the desire to contribute to a climate-positive world for future generations”, said Miguel Stilwell d'Andrade, executive president from EDP.
“This Strategic Plan reinforces our growth ambition, while at the same time further boosting our commitment to the planet and creating superior value for everyone”, he highlighted.
Plan combines conventional and emerging technologies
According to the company, onshore wind and large-scale solar will represent, respectively, 40% of the 21 billion euro investment plan in the renewables segment, complemented by emerging technologies such as distributed solar (12%), storage and hydrogen (3%).
“A diversified technological mix of renewables is supported and reinforced by a hydro portfolio with a strong cash flow generation profile, while providing flexibility and storage capabilities,” the company reported.
In the electricity networks segment, in which 4 billion euros of the investment plan will be allocated, EDP will increase and diversify its portfolio, which will continue to represent a factor of stability for the group's business.
The initiative also foresees the expansion of distribution lines to 400 thousand km, 9 million smart meters (500 thousand more compared to 2022) and 12 million access points (2.5 million more than in 2022).
Another point emphasized by the company is that the plan focuses on the customer segment to accelerate growth, focusing on a cross-offer strategy that combines different solutions, such as distributed solar, PPAs, electric mobility, services, energy efficiency and storage.
“Innovation and digitalization remain at the heart of the strategy, driving change and accelerating the energy transition with reinforced investment of 3 billion euros until 2026,” they added.
Carbon neutrality goals
EDP stated that it will continue to chart the path to becoming carbon neutral by 2040 in all areas and involving the entire value chain, from customers to partners.
This commitment was recently validated by the Science Based Target Initiative (SBTi), which recognized EDP's best practices in climate action and in full alignment with the scientific objective of containing the increase in global temperature to 1.5ºC.
