Energias de Portugal (EDP), Portugal’s leading power company, came out with a radical 90% renewables plan in the 2030 timeframe with much of the action by 2022, encouraging investors to fight off its proposed acquisition by China Three Gorges (CTG). CTG has been pursuing EDP since the middle of last year and holds 23.27% of stock, valuing the business at €10.8 billion. But CEO Antonio Mexia gave a multi-hour presentation to investors in London this week, painting a picture of an exceptionally bright future for EDP, built around a continuation of his own strategy, which dates back to 2005, when the company embraced renewables early, and began a globe trotting move into Brazil, the US and the rest of Europe,…