EDP Renewables to keep US as top investment market despite offshore wind exit

LISBON, May 6 (Reuters) - EDP Renewables EDPR.LS, the world's fourth-largest wind power producer, will keep the United States as its top investment market despite its recent decision to pull out of offshore wind there, CEO Miguel Stilwell de Andrade told Reuters on Wednesday.

He said EDPR was maintaining the planned investment of 4.5 billion euros ($5.26 billion) in the U.S. over the next three years that was announced in November, which makes up about 60% of the company's total investment through 2028.

The CEO also said EDPR was "very comfortable" with its 50–50 joint venture with France's Engie ENGIE.PA, Ocean Winds - which operates and develops offshore wind projects across several countries - and intends to keep its stake.

He said plans by Portugal and Spain to impose windfall taxes on electricity producers "make no sense", as they are not benefiting from higher natural gas prices driven by the Iran war.

($1 = 0.8551 euros)