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

“We will await this proposal before making a final decision,” he said.

The official emphasised that the group “responds to stimuli and incentives,” pointing out that the current context in Portugal is favourable to investment.

“I think it’s positive that there’s a context of lower taxes. This promotes investment, and we are also reacting to that,” 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 the right conditions are created, it’s possible to attract investment, including a company like EDP, to invest more in Portugal.”

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

This reinforcement “implies more corporate income tax, more VAT, more personal income tax, more social security contributions and more jobs created because we are investing more in the country,” he highlighted.

The CEO of EDP also stressed that the investment in networks “covers the entire national territory.”

“This is an investment that is made in all municipalities, throughout the country — it is not concentrated in a single place. We have to mobilize very large teams in the field,” he said.

In the 2026-2028 strategic plan, EDP plans to invest a total of 12 billion euros, mainly in the renewable energy segment in the United States and in electricity networks in the Iberian Peninsula. Approximately 35% of the amount will be allocated to the North American market and another 30% to the Iberian market, while 10% will go to Brazil and the remainder to other markets.

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

“Obviously, we are also investing in the United States and Spain — we have a global vision — but we allocate capital based on the opportunities and returns we identify,” concluded Stilwell d’Andrade.