EDP Renováveis, S.A.

EDPR

ES0127797019

Independent Power Producers

Real-time Euronext Lisbonne Other stock markets 04:44:25 2024-04-25 am EDT			5-day change	1st Jan Change
12.72 ^EUR	+0.55%		-1.93%	-31.34%

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 Renováveis S A : EDPR 1H21 Operating Data

July 13, 2021 at 12:49 pm EDT

Operating Data Preview 1H21

Madrid, July 13th, 2021

Key Highlights

EDPR installed capacity increased to 12.6 GW as of Jun-21(+1.15 GW YoY), with Europe and North America representing 40% and 56% of the portfolio, respectively.

Capacity additions YTD amount to 0.7 GW and EDPR has currently 2.9 GW of capacity under construction. Following the successful completion of the Asset rotation deal in the US (68% stake of a 405 MW wind portfolio), net additions YTD total 0.4 GW.

EDPR generated 15.3 TWh of clean energy in 1H21 (+5% YoY), avoiding 10mt of CO2 emissions, with Europe and North America representing 38% and 59% of total generation output, respectively. In Europe, generation increased 14% YoY, impacted by higher installed capacity and higher resource. In North America, output decreased 1% YoY reflecting the new capacity in operation offset by low resource and the impact of the one-offERCOT event in 1Q21. In Brazil, production increased 27% driven by higher installed capacity along with higher resource.

In the 1H21, EDPR achieved a 31% load factor (-0.5pp YoY) reflecting a Renewables index of 95% of P50 expected long term average Gross Capacity Factor.

In Jun-21, EDPR entered in Vietnam with the acquisition of a 28 MWac solar project, which represents the first step towards the establishment of EDPR's presence in APAC, where EDPR expects to invest part of the c.5% allocated to Other geographies within the 20 GW growth plan until 2025.

Installed Capacity

Installed Capacity by Region

				2021
EBITDA + Eq. MW	1H21	YoY	Additions	AR	YTD	U/C
Europe	5.092	+526	+126	-	+126	1.180

0.2%

40%

North America	7.028	+486	+537	(275)	+262	767
Latin America	436	+105	-	-	-	939
APAC	28	+28	+28	-	+28	-

EDPR	12.584	+1.145	+691	(275)	+415	2.885

Electricity Generation

GWh	1H21	1H20	YoY
Spain	2.613	2.102	+24%
Portugal	1.483	1.262	+18%
Rest of Europe	1.670	1.699	(2%)
Europe	5.766	5.063	+14%
US	8.474	8.792	(4%)
Canada	106	41	+156%
Mexico	498	380	+31%
North America	9.079	9.213	(1%)
Brazil	494	388	+27%
Latin America	494	388	+27%
EDPR	15.338	14.664	+5%

Load Factor

NCF (%)	1H21	1H20	YoY
Spain	28%	24%	+4pp
Portugal	28%	25%	+3pp
Rest of Europe	26%	31%	-4pp
Europe	28%	26%	+1pp
US	33%	36%	-2pp
Canada	30%	32%	-2pp
Mexico	47%	44%	+3pp
North America	34%	36%	-2pp
Brazil	34%	27%	+8pp
Latin America	34%	27%	+8pp
EDPR	31%	32%	-0,5pp

Renewables Index (vs. expected L‐T avg. Gross Capacity Factor)

(%)	1H21	1H20	YoY
EDPR	95%	94%	+1pp

12,6 GW

56%

Europe North America LatAm APAC

Generation by Region

										38%
						15,3 TWh
	59%
	Europe		North America				LatAm


	NCF (%)			vs. P50 GCF (%)
Europe
	28%
								97%

N. America
			34%
									94%
LatAm					34%							105%



EDPR
		31%									95%

Note: Solar capacity reported in MWac

	EDPR Investor Relations	Phone: +34 902 830 700
EDP Renováveis, S.A. \| Head office: Plaza de la Gesta, 2 - 33007 Oviedo, Spain	Site: www.edpr.com	Email: ir@edpr.com

Operating Data Preview 1H21

Madrid, July 13th, 2021

Installed Capacity							Installed Capacity by Technology

MW	1H21	YTD	U/C
Spain	2.137	-	101
Portugal	1.238	+10	125
Rest of Europe	1.476	+74	685
Europe	4.852	+83	911
US	5.898	+70	671
Canada	130	+62	-	95%	12,6 GW	5%
Mexico	400	-	96

North America	6.428	+132	767
								0.4%
Brazil	436	-	939

Latin America	436	-	939
Vietnam	28	+28	-
APAC	28	+28	-
EBITDA MW	11.743	+243	2.616
Spain	167	-	-				Wind Onshore		Solar	Wind Offshore



Portugal	31	-	-
Rest of Europe	43	+43	269
Europe	240	+43	269
US	601	+130	-
North America	601	+130	-
Eq. Consolidated	841	+172	269
EDPR	12.584	+415	2.885
Wind Onshore					Capacity Additions YTD

MW	1H21	YTD	U/C
Spain	2.137	-	101
Portugal	1.234	+10	125
Rest of Europe	1.426	+74	685
Europe	4.797	+83	911
US	5.739	+1	453
Canada	130	+62	-
Mexico	200	-	96
North America	6.068	+63	549
Brazil	436	-	735
Latin America	436	-	735
EBITDA MW	11.301	+146	2.195
Spain	167	-	-
Portugal	20	-	-
Europe	187	-	-
US	462	+130	-
North America	462	+130	-
Eq. Consolidated	648	+130	-
EDPR	11.949	+276	2.195

Project	Country	MW
Overequipments	Portugal	+10
Serracapriola	Italy	+28
Aria del Vento	Italy	+16
Vaudrimesnil	France	+10
Preuseville 2	France	+7
7 Domaines	France	+13
Headwaters II	US	+148
Wildcat Creek	US	+100
Reloj del Sol	US	+89
Crossing Trails	US	+69
Nation Rise	Canada	+62

Wind Onshore Additions YTD

+551

Solar

Capacity Additions YTD

MW	1H21	YTD	U/C
Portugal	5	-	-
Rest of Europe	50	-	-
Europe	55	-	-
US	159	+69	218
Mexico	200	-	-
North America	359	+69	218
Brazil	-	-	204
Latin America	-	-	204
Vietnam	28	+28	-
APAC	28	+28	-
EBITDA MW	442	+97	421
US	139	-	-
North America	139	-	-
Eq. Consolidated	139	-	-
EDPR	581	+97	421

Project	Country	MW
Distributed Solar	US	+69
Trung Son	Vietnam	+28

Solar Additions YTD

+97

Wind Offshore				Capacity Additions YTD
MW	1H21	YTD	U/C	Project	Country	MW
Portugal	11	-	-	Seamade	Belgium	+43
Rest of Europe	43	+43	269
Europe	53	+43	269

EDPR Eq. Consolidated	53	+43	269

Ocean Winds Gross Capacity	512	+487	950

Wind Offshore Additions YTD	+43

Wind Offshore Gross Additions YTD	+487

Note: Solar capacity reported in MWac

	EDPR Investor Relations	Phone: +34 902 830 700
EDP Renováveis, S.A. \| Head office: Plaza de la Gesta, 2 - 33007 Oviedo, Spain	Site: www.edpr.com	Email: ir@edpr.com

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EDP Renovaveis SA published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 16:48:05 UTC.

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.

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12.65 EUR

Average target price

17.65 EUR

Spread / Average Target

+39.51%

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