London, Nov. 6, 2025 (Lusa) — EDP's executive chairman, Miguel Stilwell d'Andrade, highlighted on Thursday the "incredible growth in demand for electricity" that the company is seeing in various markets, driven by the electrification of consumption and the construction of large datacentres.

"One of the main trends is the incredible growth in demand that we are seeing," said Stilwell d'Andrade, during the presentation of the 2026-2028 strategic plan in London.

The manager gave the example of a data centre currently under construction in Portugal, with an installed capacity of around 1.2 gigawatts (GW). When completed, "this data centre alone could represent ten terawatt hours of energy. This represents 20% of Portugal's energy demand," he emphasised.

"I was surprised when I heard about this," he added, noting that similar phenomena are being observed "in the US, Portugal, Spain and practically everywhere else".

EDP's new plan, unveiled today, is based on a context of a strong increase in demand and provides for investments of 12bn euros by 2028, with a focus on renewable energy projects, electricity grids and flexibility solutions.

According to the company, the total investment includes around €7.5 billion in EDP Renováveis (EDPR) - in wind, solar and energy storage (BESS) projects - of which around 60 per cent in the United States, and €3.6 billion in electricity networks, two thirds of which in the Iberian Peninsula.

*** Lusa travelled to London at the invitation of EDP *** SCR/ADB // ADB.

Lusa