By Mauro Orru

EDP Renovaveis SA said Tuesday that it would pursue a capital increase of around 1.5 billion euros ($1.81 billion) to partially fund its capital expenditure plans.

The Portuguese renewable-energy company said it plans to spend around EUR19 billion to deploy about 20 gigawatts of renewables additions until 2025.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

March 02, 2021 12:28 ET (17:28 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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