EDP Renováveis, S.A.

EDPR

ES0127797019

Independent Power Producers

Market Closed - Euronext Lisbonne Other stock markets 11:36:19 2024-04-19 am EDT			After market 03:28:30 pm
12.83 ^EUR	-1.08%		12.81	-0.16%

12:00am	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 9M21 Operating Data

October 15, 2021 at 05:42 am EDT

Operating Data Preview 9M21

Madrid, October 14th, 2021

Key Highlights

EDPR installed capacity increased to 13.0 GW as of Sep-21(+1.5 GW YoY), with Europe and North America representing 40% and 55% of the portfolio,

respectively.

Capacity additions YTD amount to 1.2 GW and capacity under construction totals 2.7 GW as of Sep-21.Following the successful completion of the Asset rotation deal in US (80% stake of a 405 MW wind portfolio), net additions YTD total 0.9 GW.

EDPR generated 21.5 TWh of clean energy in 9M21 (+5% YoY), avoiding 13mt of CO2 emissions, with Europe and North America representing 37% and 58% of total generation output, respectively. In Europe, generation increased 10% YoY, impacted by higher installed capacity. In North America, output is flat 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 53% driven by higher installed capacity along with higher resource.

In the 9M21, EDPR achieved a 28% load factor (-0.6pp YoY) reflecting a Renewables index of 95% of P50 expected long term average Gross Capacity Factor.

EDPR continues to accelerate growth with a portfolio of 13.0 GW in operation and a higher technological diversification with over 1.0 GW of solar and 1.5 GW gross of offshore in operation and under construction.

Installed Capacity

Installed Capacity by Region

				2021
EBITDA + Eq. MW	9M21	YoY	Additions	AR	YTD	U/C
Europe	5,261	+578	+306	(11)	+295	1,008

0.2%

40%

North America	7,121	+587	+678	(324)	+354	626
Latin America	639	+309	+204	-	+204	1,021
APAC	28	+28	+28	-	+28	-

EDPR	13,049	+1,501	+1,216	(335)	+880	2,654

Electricity Generation

GWh	9M21	9M20	YoY
Spain	3,496	3,088	+13%
Portugal	2,114	1,808	+17%
Rest of Europe	2,270	2,271	-
Europe	7,880	7,167	+10%
US	11,464	11,803	(3%)
Canada	172	55	-
Mexico	729	545	+34%
North America	12,365	12,403	-
Brazil	1,204	785	+53%
Latin America	1,204	785	+53%
Vietnam	14	-	-
APAC	14	-	-
EDPR	21,462	20,355	+5%

Load Factor

NCF (%)	9M21	9M20	YoY
Spain	25%	24%	+1pp
Portugal	26%	24%	+2pp
Rest of Europe	24%	27%	-4pp
Europe	25%	25%	-
US	30%	31%	-1pp
Canada	27%	28%	-1pp
Mexico	44%	42%	+3pp
North America	30%	32%	-1pp
Brazil	41%	36%	+5pp
Latin America	41%	36%	+5pp
Vietnam	23%	n.a.	n.a.
APAC	23%	n.a.	n.a.
EDPR	28%	29%	-0.6pp

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

(%)	9M21	9M20	YoY
EDPR	95%	95%	-

13.0 GW

55%

Europe North America LatAm APAC

Generation by Region

									37%
					21.5 TWh
58%
	Europe					North America		LatAm


	NCF (%)						vs. P50 GCF (%)
Europe		25%

								96%


N. America			30%							94%

LatAm				41%							104%



EDPR
	28%								95%

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 9M21

Madrid, October 14th, 2021

Installed Capacity									Installed Capacity by Technology
			2021
MW	9M21	Additions	AR	YTD	U/C
Spain	2,177	+40	-	+40	61
Portugal	1,238	+10	-	+10	125
Rest of Europe	1,616	+213	-	+213	553
Europe	5,032	+264	-	+263	739
US	6,039	+616	(405)	+211	530
Canada	130	+62	-	+62	-	94%	13.0 GW	6%
Mexico	400	-	-	-	96
North America	6,569	+678	(405)	+273	626
									0.4%
Brazil	639	+204	-	+204	735

Colombia	-	-	-	-	286
Latin America	639	+204	-	+204	1,021
Vietnam	28	+28	-	+28	-
APAC	28	+28	-	+28	-
EBITDA MW	12,268	+1,173	(405)	+768	2,385				Wind Onshore			Solar		Wind Offshore
Spain	156	-	(11)	(11)	-

Portugal	31	-	-	-	-
Rest of Europe	43	+43	-	+43	269
Europe	229	+43	(11)	+31	269
US	552	-	+81	+81	-
North America	552	-	+81	+81	-
Eq. Consolidated	781	+43	+70	+112	269
EDPR	13,049	+1,216	(335)	+880	2,654
Wind Onshore							Capacity Additions YTD
			2021
MW	9M21	Additions	AR	YTD	U/C		Project	Country		MW
Spain	2,177	+40	-	+40	61		Corme		Spain	+18
Portugal	1,234	+10	-	+10	125		Perdiguera		Spain	+22
Rest of Europe	1,566	+213	-	+213	553		Overequipments	Portugal	+10
Europe	4,977	+264	-	+263	739		Vaudrimesnil	France	+10
US	5,877	+545	(405)	+140	314		Preuseville 2	France	+7
Canada	130	+62	-	+62	-		7 Domaines	France	+13
Mexico	200	-	-	-	96		Brux	France	+11
North America	6,207	+607	(405)	+202	410		Serracapriola			Italy	+28
Brazil	436	-	-	-	735		Aria del Vento			Italy	+16
Colombia	-	-	-	-	286		Poland Auction 2019	Poland	+80
Latin America	436	-	-	-	1,021		Livadi	Greece	+45
EBITDA MW	11,620	+870	(405)	+465	2,170		Muirake			UK	+5
Spain	156	-	(11)	(11)	-		Headwaters II			US	+148
Portugal	20	-	-	-	-		Wildcat Creek			US	+100
Europe	175	-	(11)	(11)	-		Reloj del Sol			US	+89
US	413	-	+81	+81	-		Crossing Trails			US	+69
North America	413	-	+81	+81	-		Indiana Crossroads II			US	+139
Eq. Consolidated	588	-	+70	+70	-		Nation Rise	Canada	+62
EDPR	12,208	+870	(335)	+535	2,170		Wind Onshore Additions YTD	+870
Solar							Capacity Additions YTD
			2021
MW	9M21	Additions	AR	YTD	U/C		Project	Country		MW
Portugal	5	-	-	-	-		Distributed Solar			US	+72
Rest of Europe	50	-	-	-	-		Pereira Barreto		Brazil	+204
Europe	55	-	-	-	-		Trung Son	Vietnam	+28
US	162	+72	-	+72	215
Mexico	200	-	-	-	-
North America	362	+72	-	+72	215
Brazil	204	+204	-	+204	-
Latin America	204	+204	-	+204	-
Vietnam	28	+28	-	+28	-
APAC	28	+28	-	+28	-
EBITDA MW	648	+303	-	+303	215
US	139	-	-	-	-
North America	139	-	-	-	-
Eq. Consolidated	139	-	-	-	-
EDPR	787	+303	-	+303	215		Solar Additions YTD						+303
Wind Offshore							Capacity Additions YTD
			2021
MW	9M21	Additions	AR	YTD	U/C		Project	Country		MW
Portugal	11	-	-	-	-		Seamade	Belgium	+43
Rest of Europe	43	+43	-	+43	269
Europe	53	+43	-	+43	269

EDPR Eq. Consolidated	53	+43	-	+43	269

Ocean Winds Gross Capacity	512	+487	-	+487	950

Wind Offshore Additions YTD	+43

Wind Offshore Gross Additions YTD	+487

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

Attachments

Original document
Permalink

Disclaimer

EDP Renovaveis SA published this content on 14 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 09:41:01 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.	2024-04-18	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

Chart EDP Renováveis, S.A.

Duration

Period

More charts

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)

More about the company

Income Statement Evolution

More financial data

Ratings for EDP Renováveis, S.A.

Trading Rating

Investor Rating

ESG Refinitiv

A-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12.97 EUR

Average target price

17.74 EUR

Spread / Average Target

+36.77%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Renewable IPPs

	1st Jan change	Capi.
EDP RENOVÁVEIS, S.A.	-30.74%	14.16B
ADANI GREEN ENERGY LIMITED	+10.84%	33.65B
HUANENG LANCANG RIVER HYDROPOWER INC.	+14.14%	24.54B
ENGIE BRASIL ENERGIA S.A.	-10.70%	6.26B
NORTHLAND POWER INC.	-13.42%	3.9B
ERG S.P.A.	-15.80%	3.74B
ENCAVIS AG	+8.34%	2.9B
RENANTIS S.P.A	-.--%	2.89B
CLEARWAY ENERGY, INC.	-16.95%	2.58B
ZHEJIANG PROVINCIAL NEW ENERGY INVESTMENT GROUP CO., LTD.	-12.53%	2.37B

Renewable IPPs