NEWS

The Portuguese electricity company indicated on last May 6th, at a press conference through its chairman, Antonio Mexía, the starting of an international expansion. It aims to invest in three geographical axes of the company, which they defined as:

• The Iberian Peninsula,
• Brazil and
• United States, where his company recently acquired Horizon Wind Energy.

Across platforms with which EDP Renewable counts in those three countries, he said, a collision will be held in the neighboring markets, which listed among Canada (from USA), Latin-America (Brazil) and Poland, Greece or the United Kingdom, from the Spanish headquarters of the firm.

Mexía stated at that conference that they will pull out of the bag between 20 and 25 percent of their capital in an operation whose final dates will be announced later this month.

The executive did not give details on how they will implement the upgrade of the shared capital of EDP Renewable, which now stands at 2,810 million Euros, but today announced a profit of 26.6 million Euros in the first quarter of the year, compared with around 4 million last year, and a gross operating profit of 125.5 million Euros, with an increment of 80, 7 percent.

Editor: Ángel Bravo.

Source (In Spanish):
http://pe.invertia.com/noticias/noticia.aspx?idNoticia=200805061434_EFE_FD2085

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