EGP says capacity will increase by 4.4GW during the period to reach 12.4GW, making it one of the biggest renewables developers in the market.

The Italian company has added 3GW of capacity, most of it wind power, since its IPO in late 2010.

EGP says it is maintaining its investment plans despite a "persistently adverse economic scenario". It says the plan will be "essentially self-financed with a focus on emerging markets and further geographical and technological diversification."

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