EDP Renováveis Quadruples Net Profit to €440 Million

EDP Renováveis reported net profits of €440 million for the first nine months of the year, a fourfold rise compared to €107 million during the same period in 2024. The renewable energy producer attributed the increase to operational growth and gains from asset rotation, especially in the United States. Recurring EBITDA reached €1.73 billion, up 23% despite foreign exchange fluctuations and higher depreciation costs.