Portugal's EDP confident of its US plans despite Trump wind review
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2025
0mins
Source: Reuters
EDP's Confidence in U.S. Projects: EDP's CEO expressed confidence that existing U.S. onshore wind projects will remain unaffected by President Trump's recent suspension of federal offshore wind leasing, although the company plans to revise its future business strategy and growth expectations due to potential impacts from the administration's decisions.
Focus on Renewable Energy Growth: EDP is committed to expanding its renewable energy capacity globally, particularly in solar power and battery storage, with significant investments planned through 2026, despite uncertainties surrounding new offshore developments in the U.S.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
