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EDP leverages low power prices for Iberian data centers

EDP is targeting 18 gigawatts of data center projects in Portugal and Spain. CEO Miguel Stilwell de Andrade says low energy prices will support demand growth.

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EDP - Energias de Portugal, S.A., the largest utility in Portugal, is positioning itself to supply the burgeoning data center market in the Iberian Peninsula. CEO Miguel Stilwell de Andrade noted that the region is attracting significant interest due to electricity prices that are projected to remain low relative to the rest of Europe.

The logo of EDP (Energias de Portugal) is seen at a storefront in Lisbon, Portugal, on May 9, 2025. REUTERS/Pedro Nunes
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