Tag Archives: EDP

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 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

Ocean Winds has secured a 25-year CfD for the `B&C-Wind´ offshore wind power projects in Poland

Obtaining a contract-for-difference is a key milestone for project development, bringing it closer to the final investment decision (FID) and recognizing B&C-Wind as one of the most developed offshore wind projects in Poland; The wind farms are located in the Exclusive Economic Zone of Poland’s Baltic Sea, approximately 23 km offshore; B&C will bring a … Continue reading Ocean Winds has secured a 25-year CfD for the `B&C-Wind´ offshore wind power projects in Poland

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 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 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 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

EDP Renewables secures PPA for a 204 MW wind power project in the U.S.

The contract will last 15 years and the project, located in the state of Indiana, is expected to start in 2023. EDPR has now 2.3 GW of total capacity secured in the U.S. set to be operational from 2021 onwards. EDP Renewables (Euronext: EDPR), a world leader in the renewable energy sector and the world’s … Continue reading EDP Renewables secures PPA for a 204 MW wind power project in the U.S.

Continue reading

EDP plans to build a floating offshore wind farm in Asturias

EDP ??plans to invest around 2,000 million euros in the period 2021-2025 and is committed to the development of floating offshore wind power off the coast of Asturias. At a press conference on the occasion of the presentation of the strategic plan of the Portuguese energy company, the financial director of the group and CEO … Continue reading EDP plans to build a floating offshore wind farm in Asturias

Continue reading

EDP Renewables Profit rises 17% to 556 million euros in 2020

In the year 2020 EDPR added a total of 1,580 MW, including 486 MW from the acquisition of Viesgo’s renewables business. By the end of 2020 it managed a portfolio of operating assets with a capacity of 12.2 GW. The company has continued to successfully implement its asset disposal strategy. EDP Renewables (Euronext: EDPR), a … Continue reading EDP Renewables Profit rises 17% to 556 million euros in 2020

Continue reading

EDP creates units to exploit green hydrogen and energy storage

The EDP Group has strengthened its commitment to decarbonization by launching two units that will exploit the potential of green hydrogen and energy storage systems. The H2 Business Unit (H2BU) will be the Group’s new arm for the development of green hydrogen projects, while the dedicated storage unit, built in EDPR NA, will aim to … Continue reading EDP creates units to exploit green hydrogen and energy storage

Continue reading

The EIB and the BIS grant EDP Renováveis € 112 million for 125 MW of wind energy

The wind farms are located in the districts of Coimbra and Guarda, in the west and north of the country. The European Investment Bank (EIB)  will provide €65 million and BPI an additional €47 million to EDP Renováveis S.A. (EDPR), one of the main producer of wind energy in the world, to finance the construction … Continue reading The EIB and the BIS grant EDP Renováveis € 112 million for 125 MW of wind energy

Continue reading

EDP Renováveis completes the 100% acquisition of the renewables business of Viesgo

EDPR will acquire 100% of a portfolio of 511 MW (EBITDA + Equity MW) of renewable installed capacity in Spain (84%) and Portugal (16%). Following the information released to the market on July 15th 2020, EDP Renewables (Euronext: EDPR) — a global leader in the renewable energy field and the world’s third-largest wind energy producer … Continue reading EDP Renováveis completes the 100% acquisition of the renewables business of Viesgo

Continue reading

EDP Renováveis wins 5 220 MW wind power and solar energy projects in an auction in Poland

As of today, EDPR has secured 87% of the ~7.0 GW targeted wind energy and solar global capacity build-out for the 2019-2022 period. EDP Renewables (Euronext: EDPR) — a global leader in the renewable energy field and the world’s third-largest wind energy producer — was awarded a 15-year Contract-for-Difference (“CfD”) at the Polish renewable energy … Continue reading EDP Renováveis wins 5 220 MW wind power and solar energy projects in an auction in Poland

Continue reading

EDP Renewables signs 63 MW PPA with Novartis

EDP Renewables, SA (“EDPR”), a global leader in the renewable energy sector and one of the world’s largest wind energy producers,  through its subsidiary EDP Renovables España S.L.U., has secured a 15-year Power Purchase Agreement (“PPA”) with Novartis, a global medicines company, to sell electricity to be produced by a portfolio of 63 MW of … Continue reading EDP Renewables signs 63 MW PPA with Novartis

Continue reading

EDP Renováveis reached an agreement in Greece for the joint-development of wind energy

The agreement envisages the joint development of a wind power portfolio with a capacity of 900 MW. EDP Renováveis, S.A. (“EDPR”), a global leader in the renewable energy sector and one of the world’s largest wind energy producers,   announces it reached an agreement with Ellaktor, the largest infrastructure group in Greece, for the joint development … Continue reading EDP Renováveis reached an agreement in Greece for the joint-development of wind energy

Continue reading