Portuguese utility EdP-Energias de Portugal (EDP.LB) is analyzing alternatives to the planned listing of it renewables unit, should markets instability continue, Diario Economico reports Friday citing company sources.
Among possible alternatives are asset sales or convertible debt issue. A decision should occur by May, the report said.
EdP recently announced it would float up to 25% of its renewables unit EDP Renovaveis in the second quarter of this year to finance its growth strategy. EdP plans to invest EUR12 billion through 2010, 50% of which will be allocated to renewable energies.