EDP wants to be the energy source for future data centers in Portugal and Spain

EDP aims to become the energy provider for data centers in Portugal and Spain, planning to invest €4.1 billion by 2030. The company reported a 22% profit increase to €1.2 billion in the first nine months of the year. CEO Miguel Stilwell d'Andrade will leave his position in 2027, expressing confidence in the company's strong future. EDP emphasizes the Iberian Peninsula's competitive location for attracting data center investments and aims to increase installed capacity by 5.5GW while advocating for streamlined processes.