TITLE

EDP's green subsidiary set for expansion

PUB. DATE
May 2008
SOURCE
Utility Week;5/23/2008, Vol. 29 Issue 5, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article unveils the plan of EDP Renovaveis (EDPR) to generate up to £2 billion from a rights issue to fund its expansion plans. EDPR plans to use the fund to expand its wind energy portfolio from its current level of 3.7GW to reach 10.5GW by 2012. Antonio Mexia, chairman of the company, reveals that initial public offering (IPO) and listing are the next steps for EDPR.
ACCESSION #
32572735

 

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