The company already has a 25-megawatt floating offshore wind power plant on the Portuguese coast, the only project of its kind in Portugal. Miguel Stilwell de Andrade admits to analyzing auctions if the government moves forward. Europe has more than 22 gigawatts installed on the coasts of several countries.
The Portuguese energy company will invest 24 billion in the energy transition until 2025, in a plan where the profit goes up 8% per year. One of the novelties was the plan to increase EDPR's capital and free float.
The fall in private consumption, the fall in exports and the crisis in tourism contributed to the degradation of the Portuguese economy last year.
The Carlyle fund sold its position in the packaging producer to a Canadian teachers' pension fund. Portuguese shareholders Filipe de Botton and Alexandre Relvas maintain their 40% position.
Miguel Stilwell de Andrade revealed today that EDP is analyzing 20 green hydrogen projects.
“The transaction between EDP and Engie is marked by fiscal complexity (…) that makes scrutiny difficult and raises doubts about the fulfillment of tax obligations. Directly, the non-payment of stamp duty, estimated at 110 million euros, may be at stake. It is important to clarify whether this obligation will be paid or whether the tax planning carried out will contribute to defrauding the taxpayers' interest ”, says the PSD parliamentary group.
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