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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  EDP - Energias de Portugal, S.A.    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
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EDP Energias de Portugal S A : Renovaveis to install the Iberian Peninsula's tallest wind towers in Burgos

11/24/2020 | 05:39am EST
EDP Renovaveis to install the Iberian Peninsula's tallest wind towers in Burgos
Monday23, November 2020

The wind turbines are 199,9 meters high up to the tip of the blades, surpassing the height of those operating in the floating wind farm Windfloat, off the coast of Viana do Castelo, which were already the tallest floating platform wind turbines in the world.

EDP Renováveis has started building Quintanilla II Wind Farm in Burgos, northern Spain, which will host the three tallest wind turbines in the Iberian Peninsula.

The wind towers will feature GE137 turbines with a 3.33MW capacity each, a diameter between blades of 137 meters, and a total height of 199,9 meters. They will be the fifth tallest structures in Spain, second only to the four Chamartín towers in Madrid. Compared to Portuguese buildings and structures, the turbines will be larger than 25 de Abril Bridge (Lisbon) and twice the height of Clérigos Tower (Porto).


With a capacity of about 10MW, Quintanilla II Wind Farm will generate enough clean energy to supply 10,000 homes a year.


From a technology and engineering perspective, the construction and development of this wind farm is an important milestone for the company and the entire sector, not only owing to the complexity of transporting these giant structures, but also due to the challenges posed by a project with these characteristics. For instance, the construction of each base for these wind towers requires 54 metric tons of iron. It also requires than 50 cement trucks - continuously.


EDP Renováveis has positioned itself as a pioneer in various aspects of the renewable energy sector. The company was actively involved in the creation of the first offshore wind farm off the Portuguese coast -Windfloat Atlantic -, which operates the largest turbines for floating structures available on the market. In Spain, EDP Renováveis was also the first company to use a helicopter crane to revamp Carondio Wind Farm in Asturias. And the company is also implementing several projects for storing renewable energy in batteries and hybrid farms, with the first prototype in Spain.

Disclaimer

EDP - Energias de Portugal SA published this content on 23 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2020 10:38:01 UTC


© Publicnow 2020
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Financials
Sales 2020 14 257 M 17 327 M 17 327 M
Net income 2020 788 M 958 M 958 M
Net Debt 2020 13 217 M 16 063 M 16 063 M
P/E ratio 2020 26,5x
Yield 2020 3,60%
Capitalization 20 906 M 25 292 M 25 408 M
EV / Sales 2020 2,39x
EV / Sales 2021 2,49x
Nbr of Employees 11 760
Free-Float 68,5%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 5,60 €
Last Close Price 5,30 €
Spread / Highest target 50,0%
Spread / Average Target 5,69%
Spread / Lowest Target -13,2%
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Managers and Directors
NameTitle
Miguel Stilwell de Andrade Chief Executive Officer & Chief Financial Officer
Luís Filipe Marques Amado Chairman-Supervisory Board
Eduardo de Almeida Catroga Member-Supervisory Board
Felipe Fernández Member-Supervisory Board
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
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