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2015/12/03

20 MW Wind Power Purchase Agreement to Finalize Arkwright Summit Wind Project

Madrid, 03 December 2015: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, today announced that it has signed a 20-year power purchase agreement with Bloomberg, the global business and financial information and news leader, for 20MW of clean energy that will be used to offset the energy use of their New York Offices.

Bloomberg has agreed to buy over 25% of the energy generated by the Arkwright Summit Wind Project (total 79MW) in Chautauqua County, NY.  The project is expected to avoid the emissions of more than 340,500 Metric Tonnes over 20 years, the equivalent of taking more than 71,000 cars off the road.

“We are extremely satisfied with this agreement. The fact that companies such as Bloomberg are playing such an active part in renewable energy projects is a very clear indicator that the future lies in the generation of this type of energy,” commented João Manso Neto, CEO of EDP Renewables. “To be chosen as their partners confirms the confidence of the market and companies in our delivery capacity, experience and know-how,” he added.

The project is located less than 30 miles from the retired BPU Jamestown Coal Plant, one of more than 205 U.S. coal-fired power plants that have been retired in the past 5 years as part of the Sierra Club’s Beyond Coal campaign, in partnership with Bloomberg Philanthropies.  Thanks to local, grassroots efforts, coal-fired power plants in the United States have been replaced with cleaner energy, driving down power sector emissions to their lowest level since 1994.

“This agreement will benefit our company financially, but it also reflects our commitment to sustainable business practices” said Michael R. Bloomberg, Founder of Bloomberg LP.  “This new wind farm – just a short drive from a coal plant that Bloomberg Philanthropies helped phase out – will bring more clean energy onto the grid and power about half of our New York operations, helping to make our company one of the greenest in the state.”

The project is the largest corporate renewable energy purchase on record in the State of New York and coupled with previously announced renewable energy projects Bloomberg will power 51% of its NY State energy needs from clean energy sources once the project is complete.
“Bloomberg is aggressively looking for clean  energy projects that make good business sense – projects that reduce costs, diversify energy supply and have a positive environmental impact,” said Curtis Ravenel, Bloomberg’s Global Head of Sustainable Business and Finance. “With this project, we’re projecting to save more than $10 million over the life of the 20-year agreement versus traditional utility prices, and demonstrates how business can contribute to the climate challenge while improving the bottom line.”

“Governor Andrew M. Cuomo has championed efforts to reduce greenhouse gas emissions and combat climate change by increasing the use of renewable energy in New York,” said John B. Rhodes, President and CEO, New York State Energy Research and Development Authority.  “With our support the development of the Arkwright Summit Wind Farm will help ensure New York achieves its 50% by 2030 renewable energy goals.  We commend Bloomberg LP and EDPR NA for their commitment to securing a stable energy supply with long-term economic and environmental benefits to benefit all New Yorkers.

Bloomberg aims to source 35 percent of its energy from clean power sources, and reduce absolute emissions 20 percent from its 2007 baseline by 2020.

“Bloomberg has become a leading corporate buyer of renewable energy,” said Charles Esdaile, Managing Partner of Altenex, the firm that served as Bloomberg’s exclusive advisor on this transaction. “This is the largest corporate purchase of wind energy on record in New York. By completing this transaction, Bloomberg and EDP have helped to pioneer the New York market for large-scale renewable energy purchases by corporate buyers.”

Bloomberg is a founding member of the Business Renewables Center, a collaborative platform launched by the Rocky Mountain Institute. It aims to accelerate corporate renewable energy procurement and double U.S. capacity of wind and solar energy by 2025. Bloomberg is also a signatory of the Renewable Energy Buyers Principles, a set of six principles that articulate the needs of corporate renewable energy buyers. Construction of the wind farm is targeted for completion inc2017.

About EDP Renewables (EDPR)

EDP Renewables (Euronext: EDPR) is a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. Boasting a healthy project pipeline, top quality assets and unrivalled operating capacity, EDPR has seen impressive growth over recent years and is currently present in 12 markets worldwide (Belgium, Brazil, Canada, France, Italy, Mexico, Poland, Portugal, Romania, Spain, the United Kingdom and the United States).Energias de Portugal, S.A. (“EDP”), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP is Portugal’s largest industrial group and the only Portuguese company to form part of the Dow Jones Sustainability Indexes (World and STOXX).
For further information, please visit www.edpr.com.

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 325,000 subscribers globally. For more information, visitwww.bloomberg.com.

BLOOMBERG, BLOOMBERG PROFESSIONAL and BLOOMBERG APP PORTAL are trademarks and service marks of Bloomberg Finance L.P., a Delaware limited partnership, or its subsidiaries. All rights reserved.

2015/11/24

Through the Fundación Patrimonio Natural, the Regional Department for Public Works and the Environment has launched an ambitious conservation programme for the red kite, with support from EDP Renewables and the EDP Foundation in Spain. The initiative will last for two years and will be implemented throughout the Autonomous Community of Castilla & León. Castilla & León is home to the largest breeding (56.14%) and wintering (50.30%) populations of red kite in Spain, according to the 3rd national census undertaken in 2014.

Madrid, 24 November 2015: The Regional Head of Environment for Castilla & León, José Ángel Arranz, accompanied by the EDP Renewables regional representative, David Abascal, presented a conservation programme for the red kite (Milvus milvus) in Castilla & León at a press conference this morning.

Of all Europe’s birds of prey, the red kite’s distribution is among the most limited. It is found mainly in Europe to the west of the Urals, particularly in Germany, France and Spain, which are home to 90% of the global population. Spain has a sizeable breeding population and is the largest wintering quarter for populations in more northern regions.

The 3rd national census in 2013 and 2014, coordinated by the Spanish Ornithology Society, revealed the distribution, situation and conservation status of the breeding and wintering populations. Whilst the census of the wintering population was carried out by various ornithology groups and associations, the census of the breeding population of the region of Castilla & León was undertaken by the Regional Government itself.

Castilla & León is estimated to have a population of 1,298 breeding pairs and 25,300 wintering birds, accounting as such for 56.14% and 50.30% respectively of the total populations for Spain. The provinces of Salamanca and Zamora are home to the largest populations of both breeding and wintering birds.

EDP Renewables Regional Representative David Abascal said at the presentation of the programme: “EDP Renewables’ absolute commitment to the natural and sociocultural environment in the areas where we operate is one of the cornerstones of the company’s activity. We are particularly pleased to have the opportunity, alongside the EDP Foundation, to work with the Regional Government of Castilla & León on this crucial initiative for the conservation of the red kite.”

The full programme is to be implemented through five main lines of action.

Improve awareness of the biology of the red kite, essentially by radio-collaring various birds (4). This will show local and migratory movement and dispersal, the way they use the land, the availability of trophic resources and unnatural mortality factors. The programme also includes the installation of a video camera in a nest and the drafting of specific mapping which will be extremely useful for the study.

Undertake actions that promote and increase trophic resources, especially in municipal districts in the provinces of Burgos, Palencia, León and Zamora which have red kite populations and are classified as Protection Areas for Food Sources for Necrophagous Species of regional interest (ZPAEN, in Spanish). This line of action includes the identification of the best sources of carrion and informative and advisory meetings with livestock farmers and agricultural cooperatives, among others, as well as the design and construction of a pilot feeding site specifically for the red kite, which will help provide food sources in areas where prey is scarce.

To identify incidents with electrical infrastructure and wind turbines, reports will be drawn up to provide an overview of the areas with the highest death rates and risk of poisoning for red kites, including the measures to be taken to rectify any issues and an assessment of the cost involved in implementing these measures. The goal is to lower the number of unnatural deaths.

The last two actions are to increase monitoring and minimise disruptions during the breeding period and during the time spent in roosts in the winter and to carry out informative programmes to raise awareness among society. Workshops will be organised to provide environmental education and raise awareness among the local population, school students and all groups with an impact on the conservation of this species. Various technical sessions will be held on biology and poisoning protocols in order to give all stakeholders in the programme a better understanding of the issues at hand.

EDPR to donate 10,000 green certificates

London, UK (November 23rd 2015) – EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer has today confirmed its collaboration with Formula E, the world’s first fully-electric racing series.
EDPR has donated 10,000 green certificates under the new collaboration, enough to cover the energy needs for the whole inaugural season and aligning Formula E’s energy consumption with the environmental attributes of wind energy from the purchase of Renewable Energy Certificates (RECs).

Alejandro Agag, CEO of Formula E, said: “I’m delighted that EDPR has enabled us to cover the energy needs of the inaugural season of Formula E. We are both very committed to the promotion and use of renewable energies in addition to minimising our carbon footprint. This makes our collaboration with EDPR a perfect match.”

Gabriel Alonso, CEO of EDP Renewables North America, added: “Through this initiative, EDPR is looking to support new R&D technologies within the automobile industry associated with electrical power, the ultimate aim being to generate interest among motorsport fans for race cars that run on less polluting energies.”

About FIA Formula E Championship:

Formula E is a ground-breaking FIA championship and the world’s first fully-electric racing series. It represents a vision for the future of the motor industry, serving as a framework for research and development around the electric vehicle, accelerating general interest in these cars and promoting sustainability. The first season began in Beijing in September 2014 and completed in London in June 2015, racing in 10 major cities (11 races) around the world. The championship sees 10 teams, each with two drivers, going head-to-head to create a unique and exciting racing series designed to appeal to a new generation of motorsport fans. Season two gets underway in October in Beijing where the series becomes an ‘open championship’ allowing approved manufacturers to develop new powertrain solutions. Future seasons will see the regulations open up further allowing manufacturers to focus on improving battery technology.

For more information on Formula E visit www.fiaformulae.com

2015/11/16

EDP Renewables (EDPR), Mitsubishi Corporation (through its subsidiary Diamond Generating Europe), Chiyoda Corporation (through its subsidiary Chiyoda Generating Europe), Engie and Repsol announce today an agreement to implement a floating offshore wind farm off the coast of Northern Portugal, known as the WindFloat Atlantic (WFA) project.

EDP Renewables (EDPR), Mitsubishi Corporation (through its subsidiary Diamond Generating Europe), Chiyoda Corporation (through its subsidiary Chiyoda Generating Europe), Engie and Repsol announce today an agreement to implement a floating offshore wind farm off the coast of Northern Portugal, known as the WindFloat Atlantic (WFA) project.

The project, located 20 km off the Portuguese coast at Viana do Castelo, is planned to be operational in 2018 and will consist of 3 or 4 wind turbines on floating foundations, accounting for a total capacity of 25 MW. WFA will benefit from the support of the European Commission, through the NER 300 program, and of the Portuguese Government through the Portuguese Carbon Fund. It was also selected for the InnovFin program by the European Investment Bank.

The consortium will use the WindFloat technology, an innovative semi-submersible foundation developed by Principle Power, Inc. This technology was already implemented in a first of its kind prototype called WindFloat 1 near Póvoa do Varzim. It comprises 2 MW Vestas V80 commercial wind turbine mounted on a WindFloat floating offshore wind turbine foundation.

The prototype has already produced more than 16 GWh over almost four years of operation – performing excellently through extreme weather conditions. Its successful results have been key for the creation of this consortium and the launch of the WindFloat Atlantic project, the aim of which is to demonstrate the economic potential and reliability of this technology, advancing it further in the path towards commercialization.

This project represents a key step forward in establishing the WindFloat technology as a leader in deep water offshore wind power generation.

 

 

2015/11/11

> Strategic partnership with strong commitment to offshore wind in the Netherlands
> Objective to participate at tender process for Borssele I and II with a total capacity of 700 MW

London, Essen, Madrid 11 November 2015

RWE Innogy, EDP Renewables and Macquarie Capital have formed a consortium to participate in the upcoming offshore wind tender processes in the Netherlands. The consortium will focus initially on the first auction round for Borssele I and II with a total capacity of 700 MW.

Hans Bünting, Chief Executive Officer of RWE Innogy, explains: “The formation of this consortium is an important step on the way to participate in the upcoming tender process in the Netherlands. Macquarie Capital’s outstanding financial skills and strength and EDP Renewables offshore wind experience complement perfectly our knowledge and experience in the development, construction and operation of offshore wind farms as Europe’s third largest offshore wind farm operator. This strong and experienced consortium is committed to prepare for submitting a competitive bid and to win the tender process for Borssele I and II.”

João Manso Neto, Chief Executive Officer of EDP Renewables, explains: “The combination of the experience and the capability of the three companies forming the Joint Venture makes us a strong candidate in the upcoming offshore wind tender processes being launched by the Dutch authorities. Three leading companies in their respective sectors have come together to form an excellent option for the 700 MW planned to be installed at Borssele I and II.”

Mark Dooley, Head of Infrastructure, Utilities and Renewables, Macquarie Capital Europe, said: “Macquarie Capital is delighted to have teamed up with RWE Innogy and EDP Renewables for Borssele I and II given the deep knowledge and experience these partners bring in the offshore wind industry. Macquarie Capital has made a strong move into other European offshore wind markets and our long standing presence in the Dutch infrastructure and utilities markets positions us well for these projects.“

Macquarie Capital will act as financial advisor to the consortium.

Five large tenders in the next five years for offshore wind energy in the Netherlands
To increase the current capacity of offshore wind by 3,500 MW, the Dutch government will tender five wind farm sites of 700 MW each between 2015 and 2019. These sites are within three designated zones – Borssele, South-Holland Coast and North-Holland Coast. Each zone is divided into two plots of 350 MW each. Each plot will be tendered separately. The newly formed consortium will focus initially on the first tender process for the Borssele I and II plots. The first tender process related to Borssele I and II with a capacity of 350 MW each is expected to commence on 1 December 2015 and to end on 31 March 2016. After the expiration of the bid deadline, the Dutch government has 13 weeks to determine the winning bidder. Therefore the award decision is expected at the beginning of July 2016 the latest.

2015/10/28

Revenues totalled €1.1bn (+16% YoY); EBITDA increased by 22% YoY to €782m with an EBITDA margin of 72%. The company’s installed capacity has reached 9.2 GW spread over 10 markets.

Revenues totalled €1.1bn (+16% YoY); EBITDA increased by 22% YoY to €782m with an EBITDA margin of 72%. The company’s installed capacity has reached 9.2 GW spread over 10 markets.

Madrid, 28 October 2015: EDP Renewables, a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, today announced that, as of 30 September 2015, EDPR managed a global installed capacity portfolio of 9.2 GW spread over 10 countries. Over the last 12 months, EDPR added 616 MW to its installed capacity, of which 70% is located in the US.

In the 9M’15, EDPR delivered 15.0 TWh of clean electricity vs. 14.4 TWh in the 9M’14, with the positive effect from capacity additions (+1.1 TWh) more than offsetting the lower wind resource vs. 9M’14.

Revenues totalled €1.1bn in the period (+16% YoY), increasing by +16% YoY, of which +4% YoY is explained by the higher volumes (+€37m YoY), +3% YoY by higher selling prices (+€31m YoY) and the remaining +9% YoY on the back of forex translation (+€80m YoY, mostly USD).

The average selling price in 9M’15 increased 10% YoY to €65/MWh, benefitting from an increase in the average selling price across all platforms.

EBITDA increased by +22% YoY to €782m with an EBITDA margin of 72%. The 9M’15 EBITDA had a positive impact of c.€40m from non-recurring events (vs. +€1m in the 9M’14) mainly driven by the gain (€102m) subsequent to the control acquisition of certain assets from ENEOP and €65m of write-offs following a strict focus of development efforts in regions with sound business fundamentals. EBIT in the 9M’15 totalled €374m (+22% YoY), as a result of the EBITDA evolution and the €76m increase in depreciation and amortisation costs.

In the period January-September 2015, EDPR reported Net Profit of €100m (vs. €53m in the 9M’14), while Adjusted Net Profit increased 19% YoY to €62m.

Operating Cash-Flow reached €536m (vs. €549m in 9M’14), higher than the net investments in the period (€323m) and the change in accounts payable to PP&E suppliers (€127m). In the 9M’15, EDPR cashed-in $160m from institutional tax equity financing structures and signed, in Oct-15, an additional institutional partnership for $240m.

2015/10/19

EDP Renováveis will release its 9M 2015 results on October 28th, before market opening.

EDP Renováveis released its 9M 2015 results on October 28th, before market opening. On the same day, at 3 pm Madrid 2 pm UK/Lisbon time), João Manso Neto, CEO, hosted a conference call and webcast presentation.

The conference call has a replay service available starting on October 29th until November 4th, 2015.
Dial-In for replay: UK +44 (0) 20 7031 4064 | US: +1 954 334 0342 | Access Code: 955637

 

2015/10/13

Students from Cataluña’s Polytechnic University have presented the winning project titled Renewable Chiringuito (Renewable Beach Restaurant). The projects from the Universities of Cantabria and Oviedo obtained the second and third prize respectively.

Students from Cataluña’s Polytechnic University have presented the winning project titled Renewable Chiringuito (Renewable Beach Restaurant). The projects from the Universities of Cantabria and Oviedo obtained the second and third prize respectively.

The act was presided by João Manso Neto, CEO of EDP Renováveis.

Madrid, October 8, 2015: EDP Renováveis (Euronext: EDPR), a global leader in the renewable energy sector and the fourth largest wind power producer in the world together with the EDP Foundation have announced the winner of the EDPR 2015 University Challenge contest, which is addressed to Spanish university students. The awards ceremony was presided by João Manso Neto, EDPR’s CEO.

The five finalist groups presented their projects to the audience and the jury, which included managers from EDP Renováveis such as Joaquín García-Boto, Director of Promotion EDPR Spain, Sonia Franco, Director of Communication of the Wind Power Business Association (AEE) and Telmo Vieira, Partner at Premivalor Consulting.

The winning project was titled Renewable Chiringuito, and was developed by students Inês Prates, Cyrille Dubois, Albert Graells Vilella, Alessia Accili and Agnes Beviz, under the supervision of professor Josep Bordonau, a member of the KIC Innoenergy Master’s Program at Universidad Politécnica de Cataluña.
The second and third runner up projects were An Assessment of Visual Impact (AVI) in Wind Farms from the University of Cantabria and Electricity Generation from WWTP Turbines from the University of Oviedo’s Mieres Polytechnic School.

In addition to the three awarded projects, the following projects were also finalists:

• Hybridization of renewable energy for the production of oxygen, Cadiz University.
• Economically Viable Tidal Current Turbines, Rey Juan Carlos University’s College of Experimental Sciences and Technology.

The prize awarded to the winning team was 6,000 euros. In addition, the professor tutoring the winning team has received 3,000 euros. Likewise, the runner-up group was awarded 3,000 euros for the members comprising the group and 1,500 euros went to the project coordinator. Lastly, the third classified group has received 2,000 euros for the group and 1,000 euros for the professor supervising the project.

The seventh edition of the EDPR University Challenge has stood out due to the large number of university projects submitted: 113, with a total of 284 registered students representing a total of 53 university departments or schools.

This seventh edition counted with the presence of João Manso Neto, CEO of EDP Renováveis, who remarked “as a company, we like to look always to the future and supporting initiatives such as these is the best way to contribute to a better development of the sector and the society of tomorrow”.
EDP Renováveis launched the University Challenge in Spain in 2009 and in Portugal in 2007. The company has uninterruptedly called this annual contest with the purpose of supporting university students in the application of their academic knowledge for developing a topic or project in the field of renewable energy. The purpose sought is to create a converging point between the academic and business worlds, aimed at encouraging creativity and innovation and the knowledge surrounding the renewable energy sector.

For more information about the EDPR University Challenge in Spain please access this link: http://www.edpr-universitychallenge.es

About EDP Renováveis (EDPR)

EDP Renováveis (Euronext: EDPR) is a global leader in the renewable energy sector and the fourth largest producer of wind power in the world. With a solid project portfolio, world-class assets and a leading production capacity, EDPR has experimented excelling performance in recent years and is currently present in 12 markets (Belgium, Brazil, Canada, Spain, United States, France, Italy, Poland, Portugal, United Kingdom, Romania and Mexico). Energías de Portugal, S.A. (“EDP”), EDPR’s main shareholder, is a leading international utility that excels for its value creation, innovation and sustainability. EDP is Portugal’s largest industrial group and the only Portuguese company that is part of the Dow Jones Sustainability Indexes (World y STOXX).

For more information please visit our website www.edpr.com

About the EDP Foundation

The EDP Foundation’s mission is to strengthen the commitment of the EDP Group in geographical locations in Spain where it conducts its activities. Specifically, its areas of activity are those social, cultural, environmental and educational topics relative to research that advocate for a common sustainable development strategy. The initiative described in this press release is a part of the set of actions that have been set in motion by the Foundation.

For more information please visit www.fundacionedp.es

2015/07/15

EDP Renováveis will release its 1H 2015 results on July 29th, before market opening.

EDP Renováveis will release its 1H 2015 results on July 29th, before market opening. On the same day, at 3 pm Madrid (2 pm UK/Lisbon time), João Manso Neto, CEO, will host a conference call and webcast presentation.

Click here to register for the conference call.

Conference ID:
954363

Dial-In number:
UK +44 (0)20 7162 0077
US +1 334 323 6201

The conference call will have a replay service available starting on July 30th until August 5th, 2015.
Dial-In for replay: UK +44 (0) 20 7031 4064 | US: +1 954 334 0342 | Access Code: 954363

 

2015/07/06

Recognition was granted as part of the Investor Relations & Governance Awards (IRG Awards), an initiative by Deloitte that rewards top performers in the Portuguese financial market.

Recognition was granted as part of the Investor Relations & Governance Awards (IRG Awards), an initiative by Deloitte that rewards top performers in the Portuguese financial market.

The awards distinguish top performers and highlight policies and attitudes of transparency, the quality of information and investor relations.

CEOs and CFOs of companies listed in the Euronext Lisbon as well as Investor Relations Officer teams and the largest and topmost prestigious institutions found at the IRG Awards the recognition, prestige and credibility that reward best practices conducted in the previous year in the area of Investor Relations.

The initiative was developed in partnership with Diário Económico.