EDP Renováveis, S.A.

EDPR

ES0127797019

Independent Power Producers

Market Closed - Euronext Lisbonne Other stock markets 11:35:03 2024-04-25 am EDT			Pre-market 02:33:52 am
12.62 ^EUR	-0.24%		12.76	+1.07%

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 FY21 Operating Data

January 19, 2022 at 02:35 pm EST

Operating Data Preview 2021

Madrid, January 19th, 2022

Key Highlights

EDPR installed capacity increased to 13.6 GW (+1.4 GW YoY), with Europe and North America representing 42% and 52% of the portfolio, respectively.

Capacity additions in 2021 amounted to 2.6 GW and capacity under construction totalled 1.8 GW as of Dec-21(does not include 401 MW of Installed capacity and 162 MW of Under construction capacity as of Dec-21relating to Sunseap acquisition). Following the successful completion of the Asset rotation deals in the US and in Portugal, net additions YoY totalled 1.4 GW.

EDPR generated 30.3 TWh of clean energy in 2021 (+6% YoY), with Europe and North America representing 37% and 56% of total generation output, respectively. In Europe, generation increased 13% YoY, impacted by higher installed capacity and slightly better resource. In North America, output is down -2%YoY reflecting the new capacity in operation offset by low resource and the impact of the one-offERCOT event in 1Q21. In Latin America, production increased 73% driven by higher installed capacity along with higher resource in Brazil.

In 2021, EDPR achieved a 29% load factor (-0.8pp YoY) reflecting a Renewables index of 96% of P50 expected long term average Gross Capacity Factor, following recovery of renewable resource in 4Q21 which stood at 97% of P50 expected long term average Gross Capacity Factor (104% in Europe in 4Q21).

EDPR continues to accelerate growth with 13.6 GW already installed and a higher technology diversification with 1.1 GW of solar and 1.5 GW gross of offshore in operation and/or under construction.

Installed Capacity (1)										Installed Capacity by Region

															0.2%
												6%
EBITDA + Eq. MW	2021	Additions	AR	YoY	U/C

Europe	5,727	+993	(232)	+761	421
North America	7,030	+1,204	(790)	+263 (2)	320									13.6 GW	42%

Latin America	795	+359	-	+359	1,084	52%

APAC	28	+28	-	+28	-

EDPR	13,580	+2,584	(1,022)	+1,411	1,824
Electricity Generation								Europe	North America		LatAm					APAC


										Generation by Region

GWh			2021	2020	YoY							6%
Spain			4,979	4,346	+15%

Portugal			3,049	2,624	+16%
Rest of Europe			3,329	3,054	+9%														37%
Europe			11,357	10,024	+13%

US			15,814	16,633	(5%)									30.3 TWh
Canada			255	78	+228%
Mexico			987	710	+39%
North America			17,057	17,421	(2%)	56%
Brazil			1,888	1,093	+73%

Latin America			1,888	1,093	+73%
Vietnam			23	-	-
APAC			23	-	-
EDPR			30,324	28,537	+6%				Europe					North America				LatAm

Load Factor									NCF (%)								vs. P50 GCF (%)

NCF (%)			2021	2020	YoY
Spain			26%	25%	+1pp
Portugal			28%	26%	+2pp							26%									98%
Rest of Europe			26%	27%	-1pp		Europe

Europe			26%	26%	+1pp

US			31%	33%	-2pp
Canada			28%	30%	-2pp								31%							94%

Mexico			41%	41%	+0.4pp		N. America
North America			31%	33%	-2pp
Brazil			41%	38%	+3pp
Latin America			41%	38%	+3pp

Vietnam			20%	-	-		LatAm			41%									102%
APAC			20%	-	-

EDPR			29%	30%	-0.8pp		EDPR
																	96%
Renewables Index (vs. expected L‐T avg. Gross Capacity Factor)
				29%


(%)			2021	2020	YoY

EDPR			96%	96%	-

Does not include 401 MW of Installed capacity and 162 MW of Under construction capacity as of Dec-21 relating to Sunseap acquisition
The YoY variation considers the decommissioning of the original 151 MW related to Blue Canyon II Repowering

Note: Solar capacity and solar load factors 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 2021

Madrid, January 19th, 2022

Installed Capacity (1)								Installed Capacity by Technology
			2021
MW	2021	Additions	AR	YTD	U/C
Spain	2,194	+56	-	+56	141
Portugal	1,142	+135	(221)	(86)	-
Rest of Europe	1,894	+491	-	+491	280
Europe	5,230	+682	(221)	+461	421
US	5,908	+1,142	(911)	+80 (2)	224						6%
Canada	130	+62	-	+62	-			13.6 GW

Mexico	400	-	-	-	96			2%
North America	6,438	+1,204	(911)	+142	320	92%

Brazil	795	+359	-	+359	580
Colombia	-	-	-	-	504
Latin America	795	+359	-	+359	1,084
Vietnam	28	+28	-	+28	-
APAC	28	+28	-	+28	-
EBITDA MW	12,490	+2,273	(1,131)	+990	1,824			Wind Onshore		Solar		Wind Offshore
Spain	156	-	(11)	(11)	-

Portugal	31	-	-	-	-
Rest of Europe	311	+311	-	+311	-
Europe	498	+311	(11)	+300	-
US	592	-	+121	+121	-
North America	592	-	+121	+121	-
Eq. Consolidated	1,090	+311	+110	+421	-
EDPR	13,580	+2,584	(1,022)	+1,411	1,824
Wind Onshore							Capacity Additions YTD
			2021
MW	2021	Additions	AR	YTD	U/C		Project	Country		MW
Spain	2,194	+56	-	+56	133		Corme + Perdiguera	Spain	+40
Portugal	1,138	+135	(221)	(86)	-		Las Herrerías	Spain	+16
Rest of Europe	1,843	+491	-	+491	280		Overequipments	Portugal	+10
Europe	5,175	+682	(221)	+461	412		Sincelo + Tocha II	Portugal	+125
US	5,750	+870	(707)	+12 (2)	-		Vaudr. + Preus. + 7 Dom.	France	+30
Canada	130	+62	-	+62	-		Brux + Prouville III + R. Blandey II	France	+26
Mexico	200	-	-	-	96		Serracapriola + A. del Vento	Italy	+44
North America	6,079	+932	(707)	+74	96		Breva + Monte Mattina	Italy	+70
Brazil	591	+156	-	+156	580		Poland Auct.'19 + Poland 4Q21	Poland	+272
Colombia	-	-	-	-	504		Livadi	Greece	+45
Latin America	591	+156	-	+156	1,084		Muirake	UK	+5
EBITDA MW	11,845	+1,769	(928)	+690	1,592		Headwaters II + Reloj del Sol	US	+237
Spain	156	-	(11)	(11)	-		Wildcat Creek + Crossing Trails	US	+169
Portugal	20	-	-	-	-		Indiana Crossroads II	US	+302
Europe	175	-	(11)	(11)	-		Blue Canyon II Repower	US	+162
US	413	-	+81	+81	-		Nation Rise	Canada	+62
North America	413	-	+81	+81	-		Santa Rosa e Mundo Novo	Brazil	+156
Eq. Consolidated	588	-	+70	+70	-
EDPR	12,434	+1,769	(858)	+760	1,592		Wind Onshore Additions YTD		+1,769
Solar (1)							Capacity Additions YTD
			2021
MW	2021	Additions	AR	YTD	U/C		Project	Country		MW
Spain	-	-	-	-	9		Distributed Solar	US	+72
Portugal	5	-	-	-	-		Pereira Barreto	Brazil	+204
Rest of Europe	50	-	-	-	-		Trung Son	Vietnam	+28
Europe	55	-	-	-	9		Riverstart Solar	US	+200
US	158	+272	(204)	+68	224
Mexico	200	-	-	-	-
North America	358	+272	(204)	+68	224
Brazil	204	+204	-	+204	-
Latin America	204	+204	-	+204	-
Vietnam	28	+28	-	+28	-
APAC	28	+28	-	+28	-
EBITDA MW	645	+503	(204)	+300	232
US	179	-	+40	+40	-
North America	179	-	+40	+40	-
Eq. Consolidated	179	-	+40	+40	-
EDPR	824	+503	(164)	+340	232		Solar Additions YTD		+503
Wind Offshore							Capacity Additions YTD
			2021
MW	2021	Additions	AR	YTD	U/C
Portugal	11	-	-	-	-
Rest of Europe	311	+311	-	+311	-
Europe	322	+311	-	+311	-

EDPR Eq. Consolidated	322	+311	-	+311	-

Ocean Winds Gross Capacity	1,462	+1,437	-	+1,437	-

Wind Offshore Additions YTD	+311

Wind Offshore Gross Additions YTD	+1,437

Does not include 401 MW of Installed capacity and 162 MW of Under construction capacity as of Dec-21 relating to Sunseap acquisition
The YoY variation considers the decommissioning of the original 151 MW related to Blue Canyon II Repowering

Note: Solar capacity and solar load factors 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 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 19:34:01 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.

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ESG Refinitiv

A-

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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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