EDP CEO Mexia: Concentrating Efforts on Renewables

The transcript discusses a company's involvement in utilities and partnerships with China, focusing on renewable energy, particularly in the US market. It highlights challenges in energy investment, emphasizing the need for a new market design. The company invests heavily in wind and solar energy, with a significant portion in the US. Despite potential Federal Reserve rate hikes, the company remains confident in the competitiveness of wind energy, citing its declining costs and strong market presence in the US, Brazil, and Mexico.

What is the primary focus of the company's renewable energy efforts?

• Hydropower

• Nuclear energy

• Wind and solar energy

• Fossil fuels

Why is the company cutting back on merchant energy investments in Europe?

• High competition from nuclear energy

• Lack of government support

• Unfavorable market conditions

• High operational costs

What is a key feature of the U.S. market that supports wind energy development?

• High tariffs on imports

• Zero marginal cost technologies

• Well-designed market structure

• Subsidies for fossil fuels

How does the company view the potential impact of Federal Reserve rate hikes on their business?

• It will lead to reduced investments

• It will have no impact

• It will significantly increase costs

• It will decrease competitiveness

In which markets is wind energy considered highly competitive according to the company?

• Only in developing countries

• Only in the U.S.

• In the U.S., Brazil, and Mexico

• In Europe and Asia