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

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

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

EDP Energias de Portugal S A : Secures a PPA for Two Solar Projects in the U.S. Totalling approximately 100 MW

10/13/2020 | 01:40pm EST
EDP Secures a PPA for Two Solar Projects in the U.S. Totalling approximately 100 MW
Tuesday13, October 2020

EDP Secures a PPA for Two Solar Projects in the U.S. Totalling approximately 100 MW

Lisbon, October 13th, 2020:EDP - Energias de Portugal, S.A. ('EDP'), through its 82.6% owned subsidiary EDP Renováveis, S.A. ('EDPR'), through its fully owned subsidiary EDP Renewables North America LLC, has closed a 15-year Power Purchase Agreement ('PPA') to sell the energy produced by two solar PV plants totalling approximately 100 MW.

In detail, the projects located in the U.S. state of Ohio, are expected to commence operations in 2022.

Given EDP's current solar assets in operation and the 1.4 GW of new solar projects already contracted, EDP's portfolio will increase its technological diversification and reach 1.6 GW of solar capacity build-out by 2022.

With this new agreement, EDP has now secured 85% of the ~7.0 GW targeted wind and solar global capacity build-out for the 2019-2022 period, as communicated in the Strategic Update on March 12th, 2019. EDP's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.

EDP - Energias de Portugal. S.A.

Disclaimer

EDP - Energias de Portugal SA published this content on 13 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2020 17:39:05 UTC


© Publicnow 2020
All news about EDP - ENERGIAS DE PORTUGAL, S.A.
12/02EDP Completes Sale of EUR480 Million Portfolio to Total
DJ
12/01EDP ENERGIAS DE PORTUGAL S A : concludes the sale to Total of 2 CCGT plants and ..
PU
12/01EDP ENERGIAS DE PORTUGAL S A : Shareholders Push for Meeting to Elect New Execut..
DJ
11/30EDP ENERGIAS DE PORTUGAL S A : shareholders' intend to call Extraordinary GSM to..
PU
11/30EDP ENERGIAS DE PORTUGAL S A : Two EDP events are among the best in the world
PU
11/24EDP ENERGIAS DE PORTUGAL S A : Renovaveis to install the Iberian Peninsula's tal..
PU
11/20EDP ENERGIAS DE PORTUGAL S A : and Embraer join forces in an electric plane rese..
PU
11/19EDP ENERGIAS DE PORTUGAL S A : returns to Web Summit and is looking to invest in..
PU
11/19EDP ENERGIAS DE PORTUGAL S A : Renováveis secures a 63 MW PPA with Novartis in S..
PU
11/13EDP ENERGIAS DE PORTUGAL S A : Capital Group Companies decreases ownership inter..
PU
More news
Financials
Sales 2020 13 838 M 16 774 M 16 774 M
Net income 2020 757 M 917 M 917 M
Net Debt 2020 12 843 M 15 568 M 15 568 M
P/E ratio 2020 23,3x
Yield 2020 4,21%
Capitalization 17 901 M 21 627 M 21 697 M
EV / Sales 2020 2,22x
EV / Sales 2021 2,22x
Nbr of Employees 11 760
Free-Float 70,8%
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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 4,93 €
Last Close Price 4,54 €
Spread / Highest target 43,2%
Spread / Average Target 8,73%
Spread / Lowest Target -27,3%
EPS Revisions
Managers
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
Sector and Competitors
1st jan.Capitalization (M$)
EDP - ENERGIAS DE PORTUGAL, S.A.20.17%20 978
NEXTERA ENERGY22.75%145 265
ENEL S.P.A.17.65%101 928
IBERDROLA, S.A.23.09%83 639
ORSTED A/S62.41%76 035
DUKE ENERGY CORPORATION2.25%68 635