EDP Renováveis, S.A.

EDPR

ES0127797019

Independent Power Producers

Real-time Euronext Lisbonne Other stock markets 08:36:08 2024-04-26 am EDT			5-day change	1st Jan Change
12.98 ^EUR	+2.85%		+1.17%	-29.93%

Apr. 18	Connor, Clark & Lunn Infrastructure Ltd. completed the acquisition of an 80% stake in 297 megawatt (MW) wind farm in Alberta, Canada from EDP Renováveis, S.A. for enterprise value of approximately CAD 700 million.	CI
Apr. 17	Portugal's EDP to change its global structure, eyes relevant cost cuts	RE

EDP Completes Acquisition of Majority Stake in Sunseap Group

February 24, 2022 at 01:40 am EST

By Giulia Petroni

EDP-Energias de Portugal SA on Thursday said that it has completed the acquisition of a 91% stake in Singapore-based solar player Sunseap Group Pte. Ltd. through its renewable subsidiary EDP Renovaveis SA.

The Portuguese energy company said the total consideration for the majority stake is 600 million euros ($679.5 million), while the enterprise value of the transaction is EUR900 million as of December.

"This acquisition allows EDP to establish a portfolio for the Asia-Pacific region of close to 10 gigawatts of solar projects, of which 563 megawatts operating and under construction," EDP said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

02-24-22 0139ET

Latest news about EDP Renováveis, S.A.

Connor, Clark & Lunn Infrastructure Ltd. completed the acquisition of an 80% stake in 297 megawatt (MW) wind farm in Alberta, Canada from EDP Renováveis, S.A. for enterprise value of approximately CAD 700 million.	Apr. 17	CI
Portugal's EDP to change its global structure, eyes relevant cost cuts	Apr. 17	RE
Fitch Maintains EDP's Ratings on Diversification, High Revenue Visibility	Apr. 11	MT
Canada's Indigenous peoples eye big energy deals, await Trudeau loan promise	Apr. 02	RE
Big turnout expected in New England offshore wind power auction	Mar. 27	RE
Big turnout expected in New England offshore wind power auction	Mar. 27	RE
EDP's 2023 profit rises 40%, misses forecasts due to one-offs	Feb. 29	RE
Transcript : EDP Renováveis, S.A., 2023 Earnings Call, Feb 28, 2024	Feb. 28
EDP Renováveis, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
EDP Renováveis sells 80% stake in Canadian wind farm for $443 mln	Feb. 14	RE
Eni New Energy US Inc. completed the acquisition of 80% equity stake in Three Photovoltaic Plants in US. from EDP Renováveis, S.A..	Feb. 13	CI
Connor, Clark & Lunn Infrastructure Ltd. agreed to acquire an 80% stake in 297 megawatt (MW) wind farm in Alberta, Canada from EDP Renováveis, S.A. for CAD 600 million.	Feb. 13	CI
EDPR: strengthens its presence in the Australian market	Jan. 31	CF
Amazon to Source Renewable Energy From Engie-EDP Renovaveis JV	Jan. 30	DJ
Amazon Boosts Energy Order from Offshore Wind Farm in Scotland of Engie, EDP Renewables	Jan. 30	MT
Big turnout expected in New York offshore wind power auction	Jan. 25	RE
Portugal's EDP plans 500 MW of solar capacity in Germany - CEO	Jan. 23	RE
Oddo BHF Reduces EDP Renováveis PT, Maintains Neutral Rating	Jan. 18	MT
EDPR : Oddo BHF reduces its target price	Jan. 18	CF
EDP Renewables: hybrid project connected to the Spanish grid	Jan. 17	CF
Futures bullish ahead of U.S. inflation	Jan. 11	AN
Mib up, Campari on bottom; eyes on US inflation	Jan. 10	AN
Eni: Plenitude acquires solar power plants in the USA	Jan. 10	CF
Eni Unit to Buy 80% stake in Three Solar Plants in US	Jan. 10	MT
Eni's Plenitude Acquires Stakes in Three U.S. Solar Parks	Jan. 10	DJ

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Company Profile

EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific. Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen. EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index. EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.

Sector

Independent Power Producers

Calendar

2024-05-08 - Q1 2024 Earnings Release (Projected)

Related indices

STOXX EUROPE 600 (EUR)

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Ratings for EDP Renováveis, S.A.

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ESG Refinitiv

A-

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Analysts' Consensus

Sell

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Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12.62 EUR

Average target price

17.65 EUR

Spread / Average Target

+39.84%

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Renewable IPPs

EDP Renováveis, S.A.

Equities

EDPR

ES0127797019

Independent Power Producers

EDP Completes Acquisition of Majority Stake in Sunseap Group

EPS Revisions