EDP Renováveis

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EDP Renováveis, S.A.
Type Sociedad anónima
Traded as EuronextEDPR
Industry Renewable energy
Founded 2007 (as separate company)
Headquarters Oviedo, Spain (registered office)
Madrid, Spain (head office)
Key people António Mexia (Chairman), Ana Maria Fernandes (CEO)
Products Wind energy
Revenue 845.1 million (2010)[1]
Operating income €289.9 million (2010)[1]
Profit €80.2 million (2010)[1]
Total assets €12.84 billion (end 2010)[1]
Total equity €5.394 billion (end 2010)[1]
Employees 820 (end 2010)[1]
Parent Energias de Portugal
Subsidiaries EDP Renewables North America
Website www.edpr.com

EDP Renováveis (English: EDP Renewables, EDPR) is a leading renewable energy company registered in Oviedo and headquartered in Madrid that designs, develops, manages and operates power plants that generate electricity using renewable energy sources.

EDPR was established in 2007 to hold and operate the growing renewable energy assets of parent company Energias de Portugal (EDP Group), Portugal´s largest utility company headquartered in Lisbon. EDP Renováveis is the third-largest generator of wind energy globally (after Iberdrola Renovables and NextEra Energy Resources).[2]

EDPR´s business currently includes wind farms and, to a limited extent, mini-hydro energy activities. The company has also said it is actively exploring opportunities in other renewable energy technologies.[3]

Geography[edit]

EDPR operates in three broad geographic areas: Europe, North America and South America. It currently owns and operates more than 180 wind farms in Spain, Portugal, France, Belgium, Poland, Romania, the United States and Brazil. It also has various wind projects in different stages of construction and development in Italy, Canada and the UK and is actively engaged in expanding its activities into other countries. As of the first quarter of 2011, EDPR employed 850 people of 16 nationalities across 42 offices worldwide.[3]

Ownership[edit]

EDPR is majority owned by EDP Group. EDP holds significant electricity and gas operations in Europe, Brazil and the United States through its various constituent businesses.

EDP listed 22.5% of the company in an initial public offering on Euronext Lisbon in June 2008,[4] upon which it immediately became a member of the benchmark PSI-20 index as its fifth-largest company by market capitalisation.[5]

Growth[edit]

EDPR´s Wild Horse Wind Farm in Kittitas County, Washington, United States

Today EDPR is 3rd in the world in wind energy based on net installed capacity and is consistently ranked in the top three in terms of growth in the sector.

EDPR´s installed gross capacity increased 20% or 1.1 GW year-over-year to 6.7 GW in 2010, giving it a compounded annual growth rate of more than 47% since 2006.

Total production of electricity by 32% to 14.352 GWh in 2010.

EDPR says it plans to continue its rapid growth with 31 GW in pipeline projects.[3]

To date, EDPR has focused on onshore wind energy. However, to ensure long-term development, EDPR says it is exploring opportunities and closely following technological and regulatory developments in other renewable energies such as solar thermal, offshore wind and wave energy. It is also working on research and development projects to improve the output and efficiency of its wind farms.[3]

See also[edit]

References[edit]

  1. ^ a b c d e f "Annual Report 2010". EDP Renováveis. Retrieved 20 July 2011. 
  2. ^ http://www.renewable-energy-sources.com/2010/03/29/edp-renewables-brazil-builds-a-70-mw-wind-farm-in-rio-grande-do-sul/
  3. ^ a b c d "Annual Report 2010". EDP Renováveis. Retrieved 20 July 2011. 
  4. ^ Bugge, Axel; Goncalves, Sergio (2 June 2008). "EDP prices renewables IPO at 8 euros each". Reuters. Retrieved 2008-08-16. 
  5. ^ "EDP Renovaveis to enter PSI 20 as fifth largest stock by market cap". AFX News (Forbes). 2 June 2008. Archived from the original on 2011-05-24. Retrieved 2008-08-16. 

External links[edit]