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 Euronext Lisbonne  -  05/25 11:35:01 am EDT
4.776 EUR   +0.63%
05/09Portugal's EDP Starts Construction Of Floating Solar Park
MT
05/06EDP - ENERGIAS DE PORTUGAL, S.A. : Press Release
CO
05/06EDP - ENERGIAS DE PORTUGAL, S.A. : 1st quarter results
CO
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

EDP - Energias de Portugal, S.A. informs: Ocean Winds is awarded with exclusive rights to develop around 1 GW offshore wind project in Scotland

01/17/2022 | 05:45am EDT

Investors &

Analysts'

Briefing

Reuters: EDP.LS

Bloomberg: EDP PL

Investor Relations

Department

phone +351 21 001 2834 ir@edp.com

OCEAN WINDS IS AWARDED WITH EXCLUSIVE RIGHTS TO DEVELOP AROUND 1 GW OFFSHORE WIND PROJECT IN SCOTLAND

Lisbon, January 17th, 2022: EDP - Energias de Portugal, S.A. ("EDP"), through its 74.98% owned subsidiary EDP Renováveis, S.A. ("EDPR"), is pleased to announce that Ocean Winds, the offshore JV owned by EDPR (50%) and Engie (50%), was awarded with block NE4 by the Crown Estate Scotland ("CES") in the ScotWind seabed tender.

Ocean Winds was awarded exclusive rights to develop a bottom-fixed offshore wind project of around 1 GW in block NE4, the Caledonia Offshore Wind farm ("Caledonia"), and consideration is being given to using part of the output for green hydrogen production.

Caledonia's 440 km2 seabed area is adjacent to the existing 950 MW Moray East and c.0.9 GW Moray West offshore projects, allowing Ocean Winds to leverage on the experience and operational synergies of developing, building and operating Caledonia in conjunction with Moray East and Moray West.

The UK is among the largest offshore wind markets worldwide, having recently raised its offshore target to 40 GW by 2030.

Ocean Winds continues to expand its presence and is fully committed to investing in Scotland, with Moray East 950 MW leading the way as the largest offshore wind farm in Scotland, Moray West c.0.9 GW which is shovel-ready, and now Caledonia with around 1 GW to be commissioned until the end of the decade, positioning Ocean Winds as a leader in the Scottish Offshore market and actively contributing with around 2.9 GW to reach the UK 40 GW target by 2030.

With today's announcement, EDP increases its growth options in offshore wind in an attractive market, thereby enhancing and diversifying the company's long term profitable growth options while maintaining a balanced risk profile.

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.

EDP - Energias de Portugal, S.A. Sociedade Aberta Sede: Av. 24 de Julho, 12 1249-300 Lisboa Portugal

NIPC e Matrícula CRC Lisboa 500697256 Capital Social: € 3 965 681 012

Disclaimer

EDP - Energias de Portugal SA published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 10:44:10 UTC.


© Publicnow 2022
All news about EDP - ENERGIAS DE PORTUGAL, S.A.
05/09Portugal's EDP Starts Construction Of Floating Solar Park
MT
05/06EDP - ENERGIAS DE PORTUGAL, S.A. : Press Release
CO
05/06EDP - ENERGIAS DE PORTUGAL, S.A. : 1st quarter results
CO
05/05EDP Swung to 1Q Loss Due to Hydro Production Shortfall, High Electricity Prices
DJ
05/05Portugal's EDP swings to quarterly loss on Ukraine war impact, drought
RE
04/28EDP - ENERGIAS DE PORTUGAL, S.A. INF : EDP completes asset rotation deal of a 149 MW wind ..
PU
04/28EDP ENERGIAS DE PORTUGAL S A : completes asset rotation deal of a 149 MW wind portfolio in..
PU
04/26Iberian Companies Iberdrola, EDP Said Mulling Bids for Enel's $2 Billion Brazil Subsidi..
MT
04/26Italy's Enel in talks to sell Brazil power distributor Celg-D -sources
RE
04/26EDP - ENERGIAS DE PORTUGAL, S.A. : Ex-dividend day for final dividend
FA
More news
Analyst Recommendations on EDP - ENERGIAS DE PORTUGAL, S.A.
More recommendations
Financials
Sales 2022 15 307 M 16 345 M 16 345 M
Net income 2022 861 M 919 M 919 M
Net Debt 2022 13 277 M 14 177 M 14 177 M
P/E ratio 2022 21,0x
Yield 2022 4,03%
Capitalization 18 849 M 20 127 M 20 127 M
EV / Sales 2022 2,10x
EV / Sales 2023 2,16x
Nbr of Employees 12 236
Free-Float 67,9%
Chart EDP - ENERGIAS DE PORTUGAL, S.A.
Duration : Period :
EDP - Energias de Portugal, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 4,78 €
Average target price 5,51 €
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Miguel Stilwell de Andrade Chief Executive Officer
Rui Manuel Rodrigues Lopes Teixeira Chief Financial Officer
João Luís Ramalho de Carvalho Talone Chairman-Supervisory Board
Rita Sousa Head-Compliance
Fernando Maria Masaveu Herrero Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
EDP - ENERGIAS DE PORTUGAL, S.A.-1.16%20 127
NEXTERA ENERGY-19.89%146 689
DUKE ENERGY CORPORATION7.70%86 983
SOUTHERN COMPANY10.37%80 422
IBERDROLA, S.A.9.65%75 879
DOMINION ENERGY, INC.7.76%68 970