Business Plan | EDP España

Microsoft will purchase 100 percent of the renewable energy exported to the grid from EDP Renewables’ SolarNova 8 project in Singapore. Long-term contract supports the development of new solar projects and contributes to Microsoft’s goal of achieving 100% renewable energy. This is the second agreement signed between both companies in Singapore, reinforcing a collaboration for clean energy that began in 2018.

25 billion investment plan until 2026 will boost renewable additions and support the group’s new net zero targets. Intended capital raise at EDP and EDPR to support the growth ambition. Delisting of EDP Brazil unlocks value creation and promotes corporate simplification.   €25 Bn investment plan: €21 Bn focused on Renewables and €4 Bn focused on electricity networks, representing an annual gross investment of ~€6.2 Bn – 30% higher versus previous Business Plan  Renewables deployment to increase to 4.5 GW per year, totalling 18 GW gross additions by 2026 aiming to a renewables installed capacity of 33 GW by 2026 and with the ambition to reach more than 50 GW by 2030  Renewables investments diversified by technologies including Wind Onshore (40%), Solar PV Utility Scale (40%), Solar Distributed Generation (12%), Wind Offshore (5%) and Storage & Hydrogen (3%)   We are leveraging our superior portfolio and infrastructure as a competitive advantage for increased renewables deployment based on hybridization and repowering  €3Bn investment in digitalization and innovation to foster efficiency and a sustainable growth  Reiterated commitment to be coal free by 2025, 100% renewables generation by 2030 with a Net Zero emissions target by 2040 (SBTi approved)  Future proof organization creating 3000 new jobs by 2026 and communities’ empowerment through a €200m investment in social impact initiatives  Reiteration of BBB credit rating commitment, FFO/Net Debt of 21% in 2026  Recurring EBITDA of €5.7 billion by 2026, with a 6% CAGR in 2022-26  Recurring net income €1.4-€1.5 billion by 2026, with 12%-14% CAGR 2022-26  New dividend policy, with target payout ratio between 60-70% and an increase in dividend floor to €0.20 per share in 2026

The enterprises of the EDP’s Group have now a unique image due to the company’s global presence, currently found in 28 markets. The logo has been updated to reflect the company’s commitment of being 100% green by the end of the decade.

The gross result of exploitation (EBITDA) recurrent in Group EDP Spain in 2016 was of 500 million euros