EDP CEO sees growing demand for renewable energy sources

EDP CEO sees growing demand for renewable energy sources

EDP CEO Sees Growing Demand for Renewable Energy Amid U.S. Market Stability

Miguel Stilwell de Andrade, CEO of EDP Renováveis (EDPR), the world’s fourth-largest wind energy producer, has expressed confidence in the long-term growth of renewable energy, particularly in the United States, where regulatory clarity has bolstered investor confidence. Speaking to Reuters and Bloomberg, de Andrade highlighted that the U.S. market, once clouded by uncertainty, now offers a more predictable framework for renewable energy development according to CEO Miguel Stilwell de Andrade. As EDP CEO noted, the U.S. market now offers a more predictable framework for renewable energy development.

In 2025, the U.S. saw the installation of 10 gigawatts of renewable capacity, supported by over $20 billion in investments, according to de Andrade. He attributed this progress to a stabilized legislative environment, which has reinforced the viability of solar, wind, and battery projects. "Wind and solar are mature, competitive technologies that provide clean energy," he noted, emphasizing their role in meeting rising electricity demand driven by sectors like artificial intelligence.

Despite challenges such as permitting delays and supply chain complexities, de Andrade stated that EDPR has adapted by prioritizing domestic supply chains, albeit at higher costs, to ensure project stability according to company statements. The CEO also downplayed reliance on political relationships, stressing that robust institutional frameworks—not individual partnerships—are critical for sustained growth.

EDPR's strategy reflects a broader focus on markets with long-term policy predictability. While the company previously operated in nearly 30 countries, it now targets 15 core markets, including the U.S., Europe, Brazil, and parts of Asia as EDP CEO highlighted. This approach aligns with institutional investors, such as Canadian pension funds, which support EDPR's emphasis on stability and scalability.

With regulatory headwinds easing and demand for clean energy accelerating, de Andrade remains optimistic about EDPR's prospects in the U.S. and globally, forecasting "good years ahead" as the renewable sector continues to decarbonize energy systems according to CEO statements.