London, Nov. 6, 2025 (Lusa) — EDP plans to invest around €2.5 billion in Portugal over the 2026-2028 period, of which €1.7 billion in electricity networks, the group's executive chairman, Miguel Stilwell d'Andrade, announced on Thursday.

"We plan to invest around €2.5 billion in Portugal, of which €1.7 billion in networks, but this obviously still depends on ERSE"s final proposal," he said at the press conference as part of the presentation of the new strategic plan, referring to the decision on the Development and Investment Plan for the National Electricity Transmission Network (PDIRT-E) for the 2025-2035 regulatory period.

"We'll wait for this proposal before making a definitive decision," he said.

He stressed that the group "reacts to stimuli and incentives", pointing out that the current context in Portugal is favourable to investment.

"I think it's positive that there is a context of lower taxes. This promotes investment and we are also reacting to this," he added, alluding to the reduction in the corporate income tax rate and the end of the special tax on new investments, a measure included in the State Budget for 2026.

According to Miguel Stilwell d'Andrade, "when you create the right conditions, you can attract investment, including a company like EDP, to invest more in Portugal".

If the fiscal and regulatory conditions are confirmed, investment in Portugal's networks “will rise from around €1.8bn in the last regulatory period [2030] to more than €3bn in the coming years”, which represents “an increase of more than €250m per year in additional investment”.

This increase "implies more company tax, more VAT, more personal income tax, more Social Security contributions and more jobs created because we are investing more in the country," he emphasised.

He also emphasised that the investment in networks "covers the entire national territory".

"This is an investment that is made in all the municipalities, all over the country - it's not concentrated in one place. We have to mobilise huge teams on the ground," he said.

In the 2026-2028 strategic plan, presented this morning, EDP plans to invest a total of €12 billion, mainly in the renewable energy segment in the United States and in the electricity networks on the Iberian Peninsula. Around 35% of the amount will go to the US market, another 30% to the Iberian market, 10% to Brazil, and the rest to other markets.

By segment, 70% of the overall investment will be directed towards renewable energies, customers and energy management and 30% towards electricity networks.

"Obviously, we're also investing in the United States and Spain - we have a global vision - but we're allocating capital according to the opportunities and returns we identify," he concluded.

*** Lusa travelled to London at the invitation of EDP ***

SCR // EA

Lusa/Fim