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EDP Group

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This is an old revision of this page, as edited by 185.58.80.6 (talk) at 08:59, 8 October 2018 (I replace Eduardo Catroga for Luís Amado as the chairman of the company. This change occured in late april of this year.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

EDP - Energias de Portugal, S.A.
Company typeSociedade Anónima
Euronext: EDP
IndustryElectric utility
Founded1976 (1976)
Headquarters
Lisbon
,
Portugal
Key people
Luís Amado (Chairman)
António Luís Guerra Nunes Mexia (CEO)
ProductsElectrical power
natural gas
Servicesdistribution
natural gas distribution
Revenue€15,517 M (2015)[1]
€2,443 M (2015)[1]
€1.012 billion (2012)[2]
Total assets€42.63 billion (2012)[2]
Total equity€11.43 billion (2012)[2]
Number of employees
12,084 (2015)[1]
SubsidiariesPortgás (operating as EDP Gás), HC Energía, Naturgás (through HC Energía), EDP - Energias do Brasil, EDP Distribuição, EDP Energia, EDP Renováveis (75%), Companhia de Electricidade de Macau (21%)
Websitewww.edp.com

EDP - Energias de Portugal (formerly Electricidade de Portugal) ranks among Europe's major electricity operators, as well as being one of Portugal's largest business groups.

Operations

The Group became the first Iberian company to own significant generating and distribution assets in both sides of the border, with a controlling position in the Spanish company HC Energía, and it is also present in the electricity sectors of Latin America – with a major presence in the United States, Brazil, Africa and Macau, in the generation, distribution and trading businesses.

The EDP Group's activities are centered on the generation and distribution of electric power, as well as the information technologies areas. In addition, the group's business includes complementary and related areas, such as water, gas, engineering, laboratory testing, vocational training and real estate management. It once had businesses in the IT consulting (Edinfor) and telecommunications (ONI Telecom) sectors, but these were sold, respectively, to Logica and the private equity group The Riverside Company.

In 2006 35% of the energy produced by EDP was from renewable energy sources, and, as of the end of 2007, the company announced that 39% of its energy was already emissions-free and that it was aiming for a 75% renewable energy production by 2013.[3]

History

In March 2007 the group made a US$3 billion takeover of Horizon Wind Energy, the Texan-based wind power producer. This is the largest renewable energy deal to date and made EDP the fourth largest wind power producer in the world.[4] The firm's renewables operations (including Horizon) are now contained within its majority-owned subsidiary EDP Renováveis, 25% of which was floated on the Lisbon Stock Exchange in 2008.

The company was ranked at position 239 in the 2009 issue of the Forbes Global 2000.

China Three Gorges Corporation, a SOE, won in December 2011 the bidding for the Portuguese government's 21.35% interest in the company.[5][6][7] The transaction is expected to be concluded by April 2012. As of February 2014, just under 45% of the ownership of EDP was controlled by five institutional shareholders.[8] Amongst the others were the Qatar Investment Authority and BlackRock.

Carbon intensity

See also: List of European power companies by carbon intensity
Year Production (TWh) Emission (Gt CO2) kg CO2/MWh
2002 39 26.9 690
2003 43 23.25 536
2004 39 23.89 614
2005 42 28.26 677
2006 43 24.48 565
2007 43 23.42 544
2008 40 19.78 500
2009 42 20.01 477

See also

References

  1. ^ a b c "Annual Report 2015". Energias de Portugal. Retrieved 21 June 2016.
  2. ^ a b c "Annual Report 2012" (PDF). Energias de Portugal. Retrieved 30 November 2013.
  3. ^ "Archived copy". Archived from the original on 2008-03-17. Retrieved 2008-03-06. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  4. ^ [1]
  5. ^ "Portugal sells utility stake to China for $3.5 billion in 1st privatization linked to bailout". The Washington Post. Associated Press. 2011-12-22. Retrieved 2011-12-22.
  6. ^ "Chinese win EDP tender". The Portugal News. 2011-12-29. Retrieved 2011-12-29.
  7. ^ Wayne Ma; Kowsmann, Patricia (2011-12-23). "China Gets Stake in Portugal's EDP". The Wall Street Journal. (subscription required). Retrieved 2011-12-30.
  8. ^ EDP: "Shareholder Structure" 20 Feb 2014
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