Archive · 17 Jun 2025
EDPR to Maintain US Renewables Plans Despite Tax Credit Cuts
Imagine a big wind energy company called EDPR that wants to build more wind farms in the U.S. They have a plan to build a lot of new wind power by the end of 2026.
But some politicians are talking about getting rid of some money-saving benefits, called tax credits, that help these companies.
Even if this happens, the boss of EDPR said they will still build as planned.
They built a lot of wind power in 2024 and plan to keep going.
The exact amount they will build after 2027 depends on what the politicians decide.
EDPR plans to install up to 1.75 GW of new capacity in the U.S. by the end of 2026.
Republican lawmakers seek to weaken clean-energy tax credits in the U.S.
EDPR's CEO stated the company will maintain its installation targets despite potential tax credit changes.
The U.S. House of Representatives approved a bill that could terminate clean-energy tax credits.
EDPR had 19.3 GW of installed capacity as of December 2024, with 51% in the U.S.
- Who
- EDPR, a renewable energy firm, and Republican lawmakers.
- What
- EDPR plans to maintain its U.S. renewable energy installation targets despite potential tax credit changes.
- When
- EDPR plans to install up to 1.75 GW by the end of 2026; a new business plan will be disclosed on November 6.
- Where
- The U.S.
- Why
- EDPR wants to expand its wind energy capacity in the U.S., even with the uncertainty of tax credits.
Republican Lawmakers
EDPR
Tax Credits
Republican Lawmakers
Propose weakening or terminating clean-energy tax credits.
EDPR
EDPR will proceed with its renewable energy plans
- Company
- EDP Renovaveis
- Planned U.S. Capacity
- Up to 1.75 GW by end of 2026
- Installed Capacity (Dec 2024)
- 19.3 GW
- U.S. Installed Capacity Percentage
- 51%
- U.S. House Bill
- Weakens clean-energy tax credits
- EDPR CEO
- Miguel Stilwell d'Andrade