EDP´s Profit Up 40% in 2023 Helped by Brazilian Earnings

Portugal’s largest utility EDP, whose major shareholder is China Three Gorges, reported a 40% jump in 2023 net profit, driven by higher hydroelectric production and more earnings from its Brazilian business. EDP-Energias de Portugal netted EUR 950 million, while its wind and solar unit EDP Renovaveis saw profts drop 50% to EUR 309 million as … Continue reading EDP´s Profit Up 40% in 2023 Helped by Brazilian Earnings