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

03-02-21 1228ET