EDP's green subsidiary set for expansion

May 2008
Utility Week;5/23/2008, Vol. 29 Issue 5, p16
Trade Publication
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.


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