Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Portugal
  4. Euronext Lisbonne
  5. EDP Renováveis, S.A.
  6. News
  7. Summary
    EDPR   ES0127797019

EDP RENOVÁVEIS, S.A.

(EDPR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

EDP Renováveis S A : EDPR's 198 MW wind farm located in Indiana starts commercial operations

07/21/2021 | 03:58pm EDT

EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, through its subsidiary EDP Renewables North America LLC, has reached commercial operations and begun producing energy at its 198 MW Headwaters II Wind Farm in Indiana.

This second phase of the wind farm joins the operational 200 MW Headwaters I Wind Farm and boosts the significant economic benefits contributed to the surrounding communities and marks a key addition to EDPR NA's growing portfolio as the largest operator of wind farms in Indiana. Through executed power purchase agreements (PPAs), Headwaters II also provides Facebook and Walmart with energy that will help the companies reach their sustainability goals.

Both phases of the Headwaters Wind Farm contribute to EDPR NA's 1,199 MW of operational capacity in Indiana, which represents approximately one-third of all renewable energy capacity installed in the state. Adding to the company's industry-leading track record in Indiana, EDPR NA developed the 102 MW Rosewater Wind Farm, which is now operational in White County and under new ownership, and the 302 MW Indiana Crossroads I Wind Farm, which is under construction in White County and whose ownership will transfer upon achieving commercial operations.

EDPR is also currently constructing the 200 MW Riverstart Solar Park in Randolph County and will construct the 204 MW Indiana Crossroads II Wind Farm in White County, which is slated to be operational in 2023. The addition of Riverstart and Indiana Crossroads II will propel EDPR NA's operational capacity to 1.6 GW in the state, which is enough energy to power the equivalent of more than 410,000 average Indiana homes each year.

Facebook's 15-year PPA for 139 MW of power from Headwaters II will help the company meet its goal to support its operations with 100% renewable energy and reach net-zero carbon emissions.

Regarding Walmart, its long-term PPA is for 60 MW of energy from Headwaters II and advances the company's goals to power its operations with 100% renewable energy.

It is worth noting that Headwaters II Wind Farm creates significant contributions to the local community in the form of new jobs and revenue, including payments to landowners and local governments and an increase in money spent at local businesses nearby the project. The wind farm will also save more than 355 million gallons each year by generating electricity without requiring the large amounts of water consumed by traditional power plants.

Disclaimer

EDP Renovaveis SA published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 19:57:02 UTC.


© Publicnow 2021
All news about EDP RENOVÁVEIS, S.A.
09/16EDP RENOVÁVEIS S A : Renewables signs a PPA for 127.5 MW with Procter & Gamble
PU
09/16EDP RENOVÁVEIS S A : EDPR secures a PPA for 127.5 MW of solar and wind capacity ..
PU
09/13EDP RENOVÁVEIS S A : EDPR signs more than 50 solar energy projects with Walmart
PU
09/13EDP RENOVÁVEIS S A : Renewables Announces Completion of 39 New Distributed Gener..
AQ
09/08EDP RENOVÁVEIS S A : Renováveis, S.A. informs about Asset rotation transaction i..
PU
09/07EDP RENOVÁVEIS S A : EDPR is awarded with PPA for a 120 MW wind project at the C..
PU
09/02EDP RENOVÁVEIS S A : EDPR is awarded with PPA for 120 MW wind project at the Chi..
PU
09/01ANALYST RECOMMENDATIONS : American Water, Broadcom, Enerplus, Pixelworks, Verint..
08/12EDP Renewables, Facebook, and Salt River Project's Partnership Brings a New S..
GL
08/11EDP RENOVÁVEIS S A : Renewables' 180 MW wind farm located in Texas starts commer..
PU
More news
Analyst Recommendations on EDP RENOVÁVEIS, S.A.
More recommendations
Financials
Sales 2021 1 851 M 2 170 M 2 170 M
Net income 2021 542 M 635 M 635 M
Net Debt 2021 3 444 M 4 037 M 4 037 M
P/E ratio 2021 37,9x
Yield 2021 0,41%
Capitalization 20 940 M 24 581 M 24 549 M
EV / Sales 2021 13,2x
EV / Sales 2022 12,0x
Nbr of Employees 1 970
Free-Float 25,0%
Chart EDP RENOVÁVEIS, S.A.
Duration : Period :
EDP Renováveis, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EDP RENOVÁVEIS, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 21,80 €
Average target price 22,57 €
Spread / Average Target 3,52%
EPS Revisions
Managers and Directors
Miguel Stilwell de Andrade Vice Chairman & Chief Executive Officer
Rui Manuel Rodrigues Lopes Teixeira Chief Financial Officer & Director
António Sarmento Gomes Mota Independent Chairman
António do Pranto Nogueira Leite Lead Independent Non-Executive Director
Acácio Jaime Liberado Mota Piloto Independent Non-Executive Director