EDP Renovaveis Lacks Structural Competitive Advantage Despite Its Strong Record
Business Strategy and Outlook
EDP Renovaveis is the 71%-owned subsidiary of integrated Portuguese utility EDP. With 20.4 gigawatts of installed capacity at end-2025, it is one of the largest renewable energy developers in the world and in the US. The latter accounts for nearly half of the capacity, Europe for about 30%, and the rest is located in South America and the Asia-Pacific.
