The CEO of EDP, António Mexia and CEO of EDP Renováveis, Manso Neto have paid up the €2 million in bail required by super Judge Carlos Alexandre to keep them out of jail. The two top brass at [...]
Portuguese electricity giant EDP’s second largest shareholder, Spain’s Oppidum Capital has invested around €70 million in the power producer’s latest capital call. Oppidum Capital now holds 7.19% [...]
EDP is to ask shareholders to beef up their investments in the Portuguese energy company through a capital call of around €1Bn. Just over one year after China Three Gorges lost a PAO (Public [...]
Portugal has decided to stop using coal in its power stations two years ahead of schedule. The Portuguese energy giant EDP has announced that it will close its coal fired power plant at Sines [...]
The electrical machinery company Efacec has been nationalised by the State in a bid to save around 2,500 jobs. The decision was taken at a meeting of the Council of Ministers on Thursday [...]
The European Commission issued a warning today (20 May) that Portugal’s banks could be exposed to the Angolan slump whose oil-reliant economy is suffering as a result in the international [...]
Portugal’s energy giant EDP is to sell to sell two power station groups in Castejón, Navarra in Spain for €515 million. The combined cycle plants which produce 843 MW of power is to be bought by [...]
EDP is to invest €3.5 million in a floating solar park on the Alqueva reservoir in the Alentejo. The platform will have 11,000 panels with an estimated production of 6,000 MWh, replicating an [...]
The Chinese takeover bid for Portugal’s electricity giant EDP failed on Wednesday. The decision by EDP shareholders and directors to maintain a 25% cap on voting rights meat that Chinese [...]
Flights in and out of Portuguese airports threatened to be grounded at midday on Wednesday because of a strike by fuel suppliers. Humberto Delgado Airport in Lisbon ran out of the aircraft fuel [...]
