EDP Renewables (EDPR) has concluded the equity raise of €1.0 billion through the placement of 50,968,400 shares.
The total number of shares subscribed represent 5,3% of the existing share capital of EDPR at a price of €19.62 per share, corresponding to a nominal amount of €5 and a share premium of €14.62 per share. Investors are expected to be in receipt of allocated shares on or around March 7th, 2023. The investors will be entitled to all economic and voting rights inherent to the shares from that date onwards. The equity raise of €1.0 billion in EDPR is within the context of EDPR’s Strategic Update 2023-26 to partially finance EDPR’s updated investment plan of ∼€20 billion to deploy ∼17 GW of renewables additions until 2026.
