EDP Art Reef is an artistic intervention with materials, like pieces from the Asturian power plant of Soto de Ribera, extracted from the thermal coal power plants of EDP, that currently intends to change the energy production, substituting fossil fuels with renewable technologies.

Some of the most emblematic pieces can be visited by the public until April 15 in EDP’s headquarters, in Lisbon, and will be plunged afterwards.

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 financial aid has been obtained thanks to the collaboration of 10 regions, that will work together, exchanging experiences in the development of hydrogen projects