Tag Archives: EDP Renewables

EDP Renewables reaches 12.6 GW of installed capacity

The company has 2.1 GW more in its portfolio than in the same period last year. Noteworthy is the good performance of the business in Europe and Brazil as well as the good visibility of growth in the short term and the solid asset rotation strategy implemented. EBITDA amounted to EUR 654 million (-13% vs. … Continue reading EDP Renewables reaches 12.6 GW of installed capacity

Continue reading

EDP Renewables secures 25-year PPA for a 200 MWac solar project in the US

The solar project is located in Arizona and is expected to enter in operation in 2023. EDPR continues improving its technological diversification and has now 2.5 GW of solar capacity secured to install until 2023. EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, has secured a 25-year Power Purchase Agreement … Continue reading EDP Renewables secures 25-year PPA for a 200 MWac solar project in the US

Continue reading

EDPR enters the UK onshore market with a 544 MW wind and solar portfolio

The transaction has been reached through two separate agreements with the renewable energy companies Vento Ludens and Wind2. The entry in the UK onshore market is within the context of EDPR Business plan 2021-25, providing diversification and growth.  EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, has reached agreements to … Continue reading EDPR enters the UK onshore market with a 544 MW wind and solar portfolio

Continue reading

EDPR’s 198 MW wind farm located in Indiana starts commercial operations

The project, called Headwaters II, expands the company’s footprint in the US and provides economic benefits to Indiana communities. Through PPAs, the wind farm will help Facebook and Walmart reach their sustainability goals. EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, through its subsidiary EDP Renewables North America LLC, has … Continue reading EDPR’s 198 MW wind farm located in Indiana starts commercial operations

Continue reading

EDP Renewables sells a wind energy portfolio located in Portugal

EDPR signs asset rotation deal of a 221 MW wind power portfolio for an enterprise value of 532 million euros. The company has completed the sale to Onex Renewables of a 100% equity stake in a wind portfolio located in Portugal. This transaction will contribute with 532 million euros of asset rotation proceeds and is … Continue reading EDP Renewables sells a wind energy portfolio located in Portugal

Continue reading

EDPR and AWS enter into a collaboration agreement on renewable energy PPAs

This collaboration reinforces the strong commercial relationship already in place between EDPR and Amazon. EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, has entered into a strategic collaboration agreement with Amazon Web Services (AWS) in relation to Power Purchase Agreements (PPA) for future wind and solar projects and the provision … Continue reading EDPR and AWS enter into a collaboration agreement on renewable energy PPAs

Continue reading

EDPR and Vestas boost employment by awarding 24 training scholarships for young people living in rural areas

The multinationals EDP Renewables and Vestas close the I Edition of the “Keep it local” program through which both companies offer the possibility of taking the AEE Wind Farm Maintenance Technician course to young people living in rural areas.  EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer worldwide, and Vestas, a leading company … Continue reading EDPR and Vestas boost employment by awarding 24 training scholarships for young people living in rural areas

Continue reading

EDPR completes asset rotation deal of a 405 MW wind energy portfolio in the US for an EV (100%) of $0.7bn

The company has completed the sale to funds managed by Greencoat Capital of a 68% equity stake in a wind portfolio located in the United States. This transaction will contribute with c.€500 million of asset rotation proceeds and is within the context of the €8bn asset rotation program for 2021-25 announced in EDPR Capital Markets … Continue reading EDPR completes asset rotation deal of a 405 MW wind energy portfolio in the US for an EV (100%) of $0.7bn

Continue reading

EDPR enters Vietnam with a 28 MWac Solar PV project

The company has reached an agreement with Trina Solar to acquire the Solar PV project for a total consideration of $36m. The entry in Vietnam is within the context of EDPR Business plan 2021-25 and represents a first step towards the establishment of EDPR’s presence in Asia. EDP Renewables (Euronext: EDPR), the fourth largest renewable … Continue reading EDPR enters Vietnam with a 28 MWac Solar PV project

Continue reading

First Wind Power Generation Celebration at Moray East “Only the Start”

Moray East – Scotland’s biggest wind farm has exported first power to Scotland’s national grid via its new substation south of New Deer in Aberdeenshire on June 4 2021. Future development of offshore wind energy in Scottish waters, will be enabled by Moray West, under development, and the upcoming ScotWind leasing process.Ocean Winds (OW), the … Continue reading First Wind Power Generation Celebration at Moray East “Only the Start”

Continue reading

EDP Renewables enters Chile with 628 MW wind energy and solar portfolio

EDP Renewables, part of EDP group, increases its worldwide footprint with its 16th market. This expansion reinforces EDPR’s strategic presence in Latin America, where it currently has 0.4 GW of operating capacity in Brazil and it is developing 1.6 GW in the Brazilian and Colombian markets. EDP Renewables (Euronext: EDPR), a global leader in the … Continue reading EDP Renewables enters Chile with 628 MW wind energy and solar portfolio

Continue reading

EDP plans to deploy more than 1 billion euros in Galicia over the next decade

This morning, the President of the Xunta de Galicia received a delegation from the energy group headed by Miguel Stilwell, CEO of the EDP Group. The company is one of the leading wind power operators in Galicia, where it operates 9 wind farms with a combined installed capacity of 264 MW. Miguel Stilwell presented EDP’s … Continue reading EDP plans to deploy more than 1 billion euros in Galicia over the next decade

Continue reading

EDP Renewables starts commercial operations at ‘Reloj del Sol Wind Farm’ in Texas

EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth largest renewable energy producer, through its subsidiary EDP Renewables North America LLC, has started commercial operation of the 209 MW “Reloj del Sol” wind farm. The wind farm has begun producing power in Zapata County, Texas. “Reloj del Sol” … Continue reading EDP Renewables starts commercial operations at ‘Reloj del Sol Wind Farm’ in Texas

Continue reading

EDP Renewables reaches 12.5 GW of installed capacity

Financial results have been affected by the impact of weather events in Texas and lower US wind resources in the period, a situation that has been normalised since March. These externalities were reflected in EBITDA, which amounted to 269 million euros (-21% yoy), and in net profit, which reached 38 million euros (-39% yoy). Business … Continue reading EDP Renewables reaches 12.5 GW of installed capacity

Continue reading

EDP Renewables and Vestas receive over 120 applications for the ‘Keep it local’ program

24 best participants in the project will receive a scholarship for the Wind Farm Maintenance Engineer course offered by the AEE (Spanish Wind Power Association). The companies have received 127 applications to take part in the program. EDP Renewables (Euronext: EDPR), a world leader in the renewable energy sector and one of the most important … Continue reading EDP Renewables and Vestas receive over 120 applications for the ‘Keep it local’ program

Continue reading

EDP Renewables starts commercial operation of ‘Crossing Trails’ wind farm in the US

The project has a capacity of 104 MW and is located in the state of Colorado. With the commissioning of this wind farm, EDPR now has wind farms in operation in 17 US states with a total installed capacity of 6,495 MW. Tri-State, a non-profit electricity supply cooperative, is the project’s sole offtaker. EDP Renováveis, … Continue reading EDP Renewables starts commercial operation of ‘Crossing Trails’ wind farm in the US

Continue reading

EDP Renewables and MSD sign long-term 40 MW PPA for a wind power project in Spain

The contract duration is 15 years and the project, located in Albacete, is expected to start operations in 2023.  EDP Renewables, a world leader in the renewable energy sector and the world’s third largest wind power producer, has signed a 15-year power purchase agreement (PPA) with pharmaceutical company MSD (tradename of Merck & Co., Inc., … Continue reading EDP Renewables and MSD sign long-term 40 MW PPA for a wind power project in Spain

Continue reading

EDP Renewables starts operation of Serracapriola wind farm in Italy

It is one of the first wind farms of the Italian auction held in October 2019 to be connected to the grid. It has seven wind turbines and an installed capacity of 28 MW. With the commissioning of this project, EDPR’s operational capacity in Italy rises to 299 MW. EDP Renováveis, SA (“EDPR”), global leader in … Continue reading EDP Renewables starts operation of Serracapriola wind farm in Italy

Continue reading

EDP Renováveis signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

The agreement, signed with NIPSCO, enables the the development and construction of a solar park in Indiana, which is scheduled to reach COD by 2022. The deal will contribute to the 2021-25 asset rotation programme announced by EDPR at its last Capital Market’s Day. EDPR has now 2.5 GW of capacity secured in the U.S. … Continue reading EDP Renováveis signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

Continue reading

Ocean Winds announce the collaboration with TERNA ENERGY to co-develop floating offshore wind energy in Greece

OCEAN WINDS, the Joint Venture created by EDP Renewables and ENGIE, have signed a collaboration agreement with TERNA ENERGY to co-develop floating offshore wind projects in the Greek seas. OCEAN WINDS has a wide portfolio composed of 1.5 GW under construction and 4 GW under development, and with the target of reaching 5 to 7 … Continue reading Ocean Winds announce the collaboration with TERNA ENERGY to co-develop floating offshore wind energy in Greece

Continue reading