An adverse regulatory and fiscal environment and an extremely dry first half affected earnings in Portugal.

However, the policy of international investment focused on renewable energy and combined with the plan for asset rotation has proven to be a successful strategy.

In the first half of the year, EDP recorded a profit of €405 million, 7 percent more than in the same period of the previous year.

EDP’s net income before taxes, interest, depreciation and amortisation (EBITDA) totalled €1.9 million, equivalent to a year-on-year increase of 11 percent.

In turn, between January and June, the consolidated operating investment amounted to €825 million, up 13 percent from the same period in 2018.