*

EDPR plans to install up to 1.75 GW in new capacity in

U.S.

*

Republican lawmakers want to repeal renewables incentives

*

CEO says company not changing its installation targets

By Sergio Goncalves

LISBON, June 17 (Reuters) - EDP ​​Renovaveis,

the world's fourth-largest wind energy producer, will stick to

its goal of installing up to 1.75 gigawatts of new capacity in

the U.S. by the end of 2026 even if tax credits for renewables

are phased out, its CEO said.

The Republican-controlled U.S. House of Representatives

approved a budget reconciliation bill last month, which weakens

clean-energy tax credits included in the 2022 Inflation

Reduction Act.

Though the Senate could still amend the bill, in its current

form it would abruptly terminate several credits 60 days after

its enactment for projects that have not yet begun construction,

making most of them unfeasible.

"For 2025 and 2026, I think we will maintain our forecasts

in terms of results and installation of new capacity," the

Portuguese firm's CEO Miguel Stilwell d'Andrade told reporters

on the sidelines of a conference late on Monday.

EDPR is currently preparing a new business plan to be

disclosed on November 6 that will go beyond 2027.

"The renewables bet in the U.S. is here to stay. In 2024, we

installed 2 GW there and this year we will install 1 GW and up

to 750 megawatts in 2026 as planned," he said.

The exact level of investment from 2027 onwards would depend

on what is approved in the final version of the reconciliation

bill, he added.

"Let's see what comes out of the Senate," he said.

Senator John Curtis, one of a handful of Senate Republicans

who have said they want to preserve some of the tax credits,

said last week that changes to the bill were necessary to

protect investors and jobs from major disruption.

EDPR, which operates in 28 countries across Europe, Asia and

the Americas, had installed capacity of 19.3 GW in December

2024, 51% of which was in the United States.