High Power Prices Hint at an Upgrade to EDP’s 2028 Guidance

EDP is an integrated utility whose more than half of EBITDA comes from renewable power, consisting of EDP Renováveis’ 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 one of the largest renewables players in the US through EDP Renováveis, EDP is well-positioned to benefit from data centers’ demand for renewable power, which is driving up power purchase agreement prices.