EDP Renováveis (EDPR) AGM 2026 presentation summary

Macro environment and sector trends

• Geopolitical tensions and rising power demand are accelerating the energy transition and renewables adoption, with electricity demand expected to grow over 20% by 2035.

• Policy acceleration, electrification, grid modernization, and energy security are central to industrial strategies globally.

Renewables competitiveness and project economics

• Wind, solar, and battery storage are the fastest and most cost-effective paths to energy independence, with project lead times of 1-3 years.

• Renewables costs are expected to continue declining, while gas turbine and nuclear projects face longer lead times and higher costs.

• North America sees strong renewables generation growth and favorable PPA pricing, supporting robust project economics.

Strategic positioning and growth outlook

• Positioned as a renewables leader with a strong pipeline, especially in the US, and robust relationships with major tech and utility clients.

• Focused on value creation through targeted growth, business optimization, and a resilient, high-quality portfolio.

• Committed to €7.5bn gross investments and €3bn net investments for 2026-28, with a target of €2.2bn EBITDA and €0.6bn net income by 2028.