EDP Renovaveis SA (EDPR.LB) said Wednesday it expects to receive up to $425 million in aid from the U.S. for its renewable energy projects in the country.

The aid is for renewable installations EDP Renovaveis has up and running in the first half of this year and the ones currently under construction, the company said at a meeting with journalists.

EDP Renovaveis added it hopes to get between 50% and 70% of the funds in 2009.

Web site: www.edprenovaveis.com

-By Juan Montes, EFE Dow Jones; +34 91 395 8120, juan.montes@dowjones.com