Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Portugal
  4. Euronext Lisbonne
  5. EDP - Energias de Portugal, S.A.
  6. News
  7. Summary
    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
  Report
Real-time Quote. Real-time Euronext Lisbonne - 08/02 09:42:49 am
4.392 EUR   +0.34%
07/30EDP ENERGIAS DE PORTUGAL S A : Results Presentation 1H21
PU
07/29Portugal's EDP reports 9% rise in first-half profit
RE
07/29EDP ENERGIAS DE PORTUGAL S A : ESG Report 1H21
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

EDP Energias de Portugal S A : Portugal's EDP agrees to buy UK onshore wind and solar portfolio

07/21/2021 | 07:15am EDT
FILE PHOTO: The logo of Portuguese utility company EDP is seen at the company's offices in Oviedo

LONDON (Reuters) - Power company Energias de Portugal has agreed to buy a 544 megawatt (MW) onshore wind and solar portfolio in Britain through its subsidiary EDP Renovaveis, the Portuguese firm said on Wednesday.

The deal was done through two separate agreements with renewables developers Vento Ludens and Wind2 for a total amount of up to 71 million pounds ($97 million), it said.

The portfolio consists of a 5 MW operating wind farm, 192 MW of wind projects in an advanced stage of development which will participate in the upcoming UK contracts-for-difference (CfD) auctions and 347 MW of wind and solar projects under development.

Under the CfD scheme, the UK government guarantees qualifying projects a minimum price at which they can sell electricity, with renewable power generators bidding for CfD contracts in a round of auctions.

The British government has said that from 2021 onwards both onshore wind and solar will be able to participate in the CfD rounds, which are expected to occur every two years until 2030, EDP said.

"This transaction allows EDPR to establish its presence in the UK onshore market with a sizeable and technologically diversified portfolio at different stages of development," the company added in a statement.

EDPR has 1 gigawatt of offshore wind capacity under construction and 0.9 GW under development in Britain.

($1 = 0.7338 pounds)

(Reporting by Nina Chestney;Editing by Elaine Hardcastle)

By Nina Chestney


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EDP - ENERGIAS DE PORTUGAL, S.A. 0.32% 4.392 Real-time Quote.-15.11%
EDP RENOVÁVEIS, S.A. 0.91% 19.98 Real-time Quote.-13.16%
All news about EDP - ENERGIAS DE PORTUGAL, S.A.
07/30EDP ENERGIAS DE PORTUGAL S A : Results Presentation 1H21
PU
07/29Portugal's EDP reports 9% rise in first-half profit
RE
07/29EDP ENERGIAS DE PORTUGAL S A : ESG Report 1H21
PU
07/29EDP ENERGIAS DE PORTUGAL S A : Results Handout 1H21
PU
07/27EDP ENERGIAS DE PORTUGAL S A : secures 25-year PPA for a 200 MWac solar project ..
PU
07/27EDP ENERGIAS DE PORTUGAL S A : has concluded a European research project that ha..
PU
07/26EDP ENERGIAS DE PORTUGAL S A : 2021 – Fixed to Reset Rate Subordinated Not..
PU
07/23EDP ENERGIAS DE PORTUGAL S A : promotes exhibition on the last days of Sines Pow..
PU
07/23EDP ENERGIAS DE PORTUGAL S A : promotes beach clean-ups from the north to the so..
PU
07/21EDP ENERGIAS DE PORTUGAL S A : Asset rotation deal for 221 MW wind portfolio
PU
More news
Financials
Sales 2021 13 999 M 16 608 M 16 608 M
Net income 2021 865 M 1 027 M 1 027 M
Net Debt 2021 12 299 M 14 591 M 14 591 M
P/E ratio 2021 19,8x
Yield 2021 4,41%
Capitalization 17 272 M 20 489 M 20 492 M
EV / Sales 2021 2,11x
EV / Sales 2022 2,17x
Nbr of Employees 12 147
Free-Float 69,6%
Chart EDP - ENERGIAS DE PORTUGAL, S.A.
Duration : Period :
EDP - Energias de Portugal, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 4,38 €
Average target price 5,73 €
Spread / Average Target 31,0%
EPS Revisions
Managers and Directors
Miguel Stilwell de Andrade Chief Executive Officer, CFO & Executive Director
LuÝs Filipe Marques Amado Chairman-Supervisory Board
Rita Sousa Head-Compliance
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
Fernando Maria Masaveu Herrero Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
EDP - ENERGIAS DE PORTUGAL, S.A.-15.11%20 489
NEXTERA ENERGY0.97%152 821
ENEL S.P.A.-5.99%93 790
DUKE ENERGY CORPORATION14.80%80 853
IBERDROLA, S.A.-13.16%74 426
SOUTHERN COMPANY3.97%67 627