|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||4.4820 - 4.5460|
|52-week range||4.2120 - 5.4500|
|Beta (5Y monthly)||0.49|
|PE ratio (TTM)||18.46|
|Earnings date||17 Feb 2022|
|Forward dividend & yield||0.19 (4.23%)|
|Ex-dividend date||22 Apr 2021|
|1y target est||5.81|
LONDON (Reuters) -Power company Energias de Portugal (EDP) plans to invest 12.86 billion pounds ($17.65 billion) in wind and solar projects in Britain by 2030 as the country strives to lower its emissions to net zero by mid-century. EDP plans to invest via its subsidiary EDP Renovaveis (EDPR), the world's fourth largest renewable energy producer, which has 1 gigawatt (GW) of offshore wind capacity under construction and 0.9 GW under development in Britain. EDP's largest wind investments are in the U.S. market but the company wants to explore further opportunities which allow it to play a leading role in the UK's energy transition.
Power company Energias de Portugal has agreed to buy a 544 megawatt (MW) onshore wind and solar portfolio in Britain through its subsidiary EDP Renovaveis, the Portuguese firm said on Wednesday. The deal was done through two separate agreements with renewables developers Vento Ludens and Wind2 for a total amount of up to 71 million pounds ($97 million), it said. The portfolio consists of a 5 MW operating wind farm, 192 MW of wind projects in an advanced stage of development which will participate in the upcoming UK contracts-for-difference (CfD) auctions and 347 MW of wind and solar projects under development.
The alliance among TechnipFMC (FTI), EDP and other research partners for BEHYOND project will improve Portugal-Norway collaboration and boost Portugal's competitive edge in the growing "blue economy".