Latest news with #EDPSA
Bloomberg
3 hours ago
- Business
- Bloomberg
EDPR to Shift Focus Within Asia to ‘High-Growth Markets'
EDP Renewables SA is shifting its focus within Asia-Pacific toward 'high-growth markets' such as Japan, Australia and Taiwan, a spokesperson said in a statement. The green energy unit of Portuguese utility EDP SA wants to 'optimize EDP's portfolio in the region by focusing on markets with strong fundamentals for renewables,' the spokesperson said. They added that there was 'recognized uncertainty in the sector.'
Bloomberg
09-05-2025
- Business
- Bloomberg
EDP Sees No Impact From Iberia Power Market Split After Blackout
EDP SA, a Portuguese utility that also operates power plants in Spain, doesn't expect to see an impact from a temporary split in the Iberian electricity market following the April 28 blackout, Chief Executive Officer Miguel Stilwell d'Andrade said. A couple of days after the blackout there was 'quite a strong market splitting and no imports from Spain,' the CEO said on a conference call on Friday. 'We're now back to a situation where there's already flux of energy between both countries,' he said. 'We expect that this is now normalizing. And so overall we're talking maybe about a couple of days with some higher-than-normal market splitting, but we don't expect that would have any material impact.'
