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edp
noun
Electronic data processing
synonyms
Exact(45)
Shares in Spain's Iberdrola Renovables, the largest wind-farm operator in the world, have halved in price since the firm was floated in late 2007, and much the same is true for Portugal's EDP Renováveis, after an initial public offering (IPO) in 2008.Enel Green Power hopes it can buck the trend.
In all, there are only three Portuguese firms in the Eurotop-300 share index of leading European companies: BCP, Portugal Telecom and Electricidade de Portugal (EdP).
The sale of the first tranche of shares in EdP in 1997 proved to be especially significant.
Though some countries are equivocal about a Chinese presence (see article) others welcomed investment in companies ranging from Weetabix, an English food brand, to EDP, a Portuguese utility.The trend is accelerating.
Germany too is a big country.Yet, fair or unfair, the EU is right about EDP.
Today it is the Portuguese who wheel it out, to let their private-sector, yet all but monopoly electricity firm, Energias de Portugal (EDP), take control of state-owned Gás de Portugal.
Similar(9)
EDP-Energias de Portugal, an electric utility, said that it had agreed to buy Horizon Wind Energy of Texas from the Goldman Sachs Group for $2.15 billion to more than double its wind-power production.
Portugal's EDP Renováveis, first listed on stock exchanges in 2008, is the third largest company in the world in wind-generated electricity output.
"To make the changes that we have agreed to is a necessary condition, but not a sufficient one" alone, said António Mexia, chief executive of EDP Energias de Portugal, the country's largest utility.
Gadanho admits that it will take at least a year to understand how to best use the spaces, but it's hard not to think that the EDP Foundation's plan was misjudged.
He spoke of the difference between the two sections of the press during a flying visit to the newsroom of the Eastern Daily Press EDPP) in Norwich.
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