EDP Has an Attractive Business Mix

EDP is the European integrated utility with the most significant renewable weighting, accounting for around 60% of the group's EBITDA. They consist of EDP Renovaveis’ wind and solar assets, chiefly located in the United States and Iberia, and EDP’s hydropower assets in Iberia and Brazil. Renewables are the primary growth driver, driven by the commissioning of new capacity. As the fourth-largest renewables player in the US through EDP Renovaveis, EDP is well-positioned to benefit from data centers' demand for renewable power, which is driving up power purchase agreement prices.