EDP Sees US Renewables ‘On Firmer Ground’ Amid Policy Clarity

EDP CEO Miguel Stilwell D'Andrade told Bloomberg Surveillance that the US renewable energy market is more stable than ever, with ten gigawatts installed and over $20 billion invested. This stability is boosting confidence for long-term growth in solar, wind, and battery projects.

D'Andrade emphasized that a stable legislative framework is more important than personal partnerships with political figures. "Wind and solar are mature, competitive technologies that provide clean energy, and local communities often support these projects because they offer additional revenue for landowners," he explained.

The CEO highlighted the growing demand for electricity driven by artificial intelligence. "The projects that can be implemented quickly are renewables--solar, wind, and batteries--because they are cost-competitive, secure, and fast to deploy," he said.

While deregulation efforts exist, some bottlenecks remain. D'Andrade noted the importance of faster permitting, licensing, and simplified supply chains. "We have reconfigured our supply chain to focus on domestically made products. It may cost more, but it ensures stability."

EDP is narrowing its global presence from nearly 30 countries to around 15 core markets, including Europe, Brazil, Australia, Japan, and parts of Southeast Asia. "We focus on countries with strong institutions and long-term predictability," he said. Investors, including Canadian pension funds, are aligned with the company's long-term strategy.

Overall, D'Andrade expressed confidence in EDP's approach, combining stable policies, competitive technologies, and careful global investment to support sustainable growth.

Source: Bloomberg