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2016/07/15

EDP Renováveis will release its 1H 2016 results on July 26th, before market opening.

EDP Renováveis will release its 1H 2016 results on July 26th, 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:
959459

Dial-In number:
UK +44 (0)20 7162 0077
US +1 646 851 2407

The conference call will have a replay service available starting on July 27th until August 2nd, 2016.
Dial-In for replay: UK +44 (0) 20 7031 4064 | US: +1 954 334 0342 | Access Code: 959459

2016/07/06

EDPR once again has been awarded for the Best Annual Report in the non-financial sector at the Investor Relations & Governance Awards, which took place July 5 in Lisbon.

EDPR once again has been awarded for the Best Annual Report in the non-financial sector at the Investor Relations & Governance Awards, which took place July 5 in Lisbon.

The annual IRG Awards Gala, which is in its 29th year, is an initiative of Deloitte, the UK-based financial services firm. The awards are promoted nationally in Portugal, and recognize the best investor relations performance among companies listed on Euronext Lisbon. The criteria for this awards included knowledge of the business and industry, implementation of best practices, display of communication skills and strategic vision, and contribution to the overall performance of the market.

EDPR won for Best Annual Report, for excellence in accuracy, transparency, thoroughness and clarity. “Every employee has played a role in not only making EDPR commercially successful, but also an excellent place to work, and a role model in our industry,” João Manso Neto said. “Thanks to that we have consistently received important recognitions and awards, both at the national and international level.”

For more information on the Investor Relations & Governance Awards visit www.irgawards.com.

Check out EDPR’s Annual Report 2015.

2016/07/01

The company was awarded the prize in Warsaw within the framework of the CEE Clean Energy Awards

Warsaw, 30 June 2016: EDP Renewables, the world’s fourth-largest wind energy producer, has announced today that EDPR Poland has been named Wind Energy Company of the Year at the CEE Clean Energy Awards.

The Clean Energy Awards, now in their fourth edition, recognise its excellence in operations, boldness in strategy, and the most innovative leadership among clean energy producers, suppliers and distributors in Central and Eastern Europe.

João Manso Neto, EDP Renewables CEO, said, “we are genuinely delighted at being awarded this prize, which recognises our commitment at EDPR Poland to innovation and achieving excellence in our operations. This prize underpins our consistent focus on offering our clients the highest quality”.

EDPR entered the Polish market in 2007 following its acquisition of a major portfolio of wind energy projects under development. Headquartered in Warsaw, EDPR is currently the largest operator in the Polish market. It currently operates an installed capacity of 468 MW in the country.

2016/06/28

The Regional Department for Public Works and the Environment, through the Fundación Patrimonio Natural, is forging ahead with its conservation programme for the red kite (Milvus milvus), which was launched in late 2015.

Madrid, June 2016: The Regional Department for Public Works and the Environment, through the Fundación Patrimonio Natural, is forging ahead with its conservation programme for the red kite (Milvus milvus), which was launched in late 2015. Castilla & León is home to 1,298 breeding pairs, and 25,300 wintering birds, according to the latest census taken. The scientific tagging of specimens provides valuable knowledge about this bird of prey, such as the use of its territory, its dispersal movements and its philopatry. The red kite is listed in Spain’s National Catalogue of Endangered Species as being “in danger of extinction”.

In late 2015, the Fundación Patrimonio Natural and EDP Foundation in Spain launched a conservation programme for the red kite in Castilla & León. The initiative has received investment of €204,000 and will run until 2017. The programme consists of a number of activities aimed at acquiring knowledge about the bird’s biology, its population, the main threats it faces and awareness-raising and protection campaigns.

Of all of Continental 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.

Castilla & León is home to the largest breeding and wintering populations of red kite in the Iberian Peninsula. According to the latest nationwide census, Castilla & León is estimated to have a population of 1,298 pairs (56.14% of the population in Spain) and 25,300 wintering birds (50.30%).

A key feature of this programme is the scientific tagging of specimens with GPS-GSM tracking devices. This measure is aimed at gaining valuable knowledge about the behaviour of the red kite, such as the use they make of the territory, their dispersal movements and their philopatry (the tendency of an organism to stay in the same area where they were born or to habitually return to a particular area to breed or nest) via radio-telemetry, an important research tool that allows the birds to be precisely tracked and located.

These devices have a built-in GPS emitter which records the geographical location (maximum margin of error of 18 metres) on an hourly basis. The devices shut down at night as they are solar powered. The data is then sent in a message using the mobile phone network and downloaded into a server. Under optimum operating conditions (high level of sunlight, optimum GPS coverage), the birds can provide up to 5,000 location signals annually, which will allow researchers to gain vast knowledge of a particular specimen’s movements over the course of a year.

In June 2015, four red kites were captured and tagged with trackers, one in the province of Ávila (a female of breeding age), two in the province of Valladolid (a female of breeding age and a chick) and one in Zamora (a female of breeding age).

In 2016, the tagging of red kites was extended to other provinces, such as Burgos, Palencia and León, whose populations are smaller and located in the most northerly section of their distribution area in Castilla & León. After searching for and locating breeding pairs in these provinces, in June 2016, a further breeding female specimen was captured and tagged in Burgos, along with a nestling in León.

The programme mainly aims to tag adult specimens of breeding age to ensure they form part of a particular breeding population. Adults were also chosen to ensure they remained on the database for the longest time possible, given that mortality rates for younger or immature specimens are higher.

A trapping system, which has proven to be harmless and efficient, was used to capture the specimens close to active nests with young chicks, consisting of a DHO-gaza net and a live eagle owl decoy. The systems consists of a net measuring approximately 3 × 3 metres which is placed vertically and suspended from two metal poles fixed to the ground. A live eagle owl is placed at the base of the trap, which should be located some 50 metres from the red kite nest. On detecting their prey, the red kites will attack and become trapped in the net, in which they will subsequently be bagged. Once installed, the net is watched from a distance of 300 metres to observe the behaviour of the birds.

In view of the difficulty in trapping adult specimens, the attempts to capture birds in León and Palencia have not met with success. It was therefore decided to modify the trapping method used in these areas. Feeding points have now been set up to attract the birds so they can be captured using remotely operated traps. The feeding points are being monitored using photo-traps. These new attempts to trap the birds will be carried out in the early days of summer with the aim of capturing and tagging two further specimens, one in the mountainous region of Palencia and another in the area of Bañeza (León).

2016/06/24

With an installed capacity of 12 MW, the wind farm is located in the municipality of Francourville, in the French Department of Eure-et-Loir. The wind farm’s output will allow it to supply clean energy to the equivalent of almost 24,000 homes.

Paris, 24 June 2016: EDPR is celebrating the opening of a new wind farm in France today. With an installed capacity of 12 MW, the wind farm is located in the municipality of Francourville, in the French Department of Eure-et-Loir. The wind farm’s output will allow it to supply clean energy to the equivalent of almost 24,000 homes.

The opening ceremony will be attended by Chantal Deseyne, Senator for Eure-et-Loir; Philippe Vigier, Member of the French National Assembly for Eure-et-Loir; Estelle Cochard, Councillor for the region of Centre-Val de Loire and Deputy Mayor of Mainvilliers; Fabien Verider, Councillor for the region of Centre-Val de Loire; Eric Moulin, Mayor of Francourville, and Frédéric Lanoë, Managing Director of EDPR France and Belgium.

The Francourville wind farm has six wind turbines which are 130 metres tall. The installation of the wind turbines was defined based on studies which took into account human, technical, environmental and regulatory considerations. The successful completion of this project is also thanks to the excellent cooperation between the authorities, the community and other local players.

The wind farm also contributes towards France’s renewable energy targets. This is especially important given that France is obliged to install almost 23,000 MW of onshore wind energy by 2023 to reach the targets it has been set. In March 2016, EDPR had 364 MW of installed capacity in France, being the fifth leading producer of wind energy on a nationwide level.

EDPR’s footprint in France will be bolstered in the coming weeks by the commissioning of the Dammarie wind farm, located some 10 km from Francourville. This latest opening will strengthen EDPR’s leadership position in the Centre-Val de Loire region, following the construction of wind farms in the Departments of Loiret and Indre, and now the Department of Eure-et-Loir.

2016/06/15

Medina Sidonia, a town in Spain’s Cádiz province and home to EDPR’s Almeriques Wind Farm, was awarded the 2016 Rural Wind Power Integration Prize by the Spanish Wind Energy Association (AEE).

The fifth annual prize was awarded on June 15th in conjunction with Global Wind Day. AEE is an association made up of more than 160 member organizations that represent the wind power industry in Spain.

In the 3000-year-old town of Medina Sidonia, wind farms operate in harmony with the surrounding environment, dotting farmland and grazing grounds. The town, which has been recognized as a Conjunto Histórico-Artístico, or national heritage site, over the centuries has hosted Phoenician, Roman, Byzantine, Moorish and Christian societies. Today it is the home of 11,794 residents.

It’s also home to 74 wind turbines at seven different wind farms, which were strategically placed in order to maintain the scenic views of the countryside. Extra care was also taken to ensure that the construction of the wind turbines did not have any negative impact on architectural ruins in the area.

With its strong wind resource, the Cádiz region is a leader in wind power, and the town of Medina Sidonia is no exception.

At 200 MW, the town has the third-greatest installed wind capacity in Cádiz province and the fifth overall in Spain. EDPR’s prototype of a more efficient concrete wind turbine was built there.

AEE president Juan Diego Díaz highlighted wind power’s ability to generate wealth in the areas where wind farms are installed. Medina Sidonia’s mayor Manuel Fernando Macías agreed, “We’re very proud of our wind power, which helps improve citizens’ quality of life.” For him, a commitment to wind power is a crucial component of his goal of making Medina Sidonia a sustainable city.

With an installed capacity of 12 MW, the wind farm will generate output capable of supplying clean energy to almost 11,000 homes.

Paris, 17 June 2016: EDPR is celebrating the opening of a new wind farm in France today. With an installed capacity of 12 MW, the wind farm is located in the municipalities of Montagne-Fayel and Molliens-Dreuil, in the Department of Somme (Hauts-de-France). This wind farm’s output will allow it to supply clean energy to almost 11,000 homes.

The opening ceremony will be attended by Philippe de Mester, Prefect of the Department of Somme, Jean-Claude Buisine, Member of the French National Assembly for Somme, Jean-Jacques Stoter, Advisor to the Department of Somme, Sylvain Charbonnier, Mayor of Molliens-Dreuil, Jean-Marie Turlot, Mayor of Montagne-Fayel, and Frédéric Lanoë, Managing Director of EDPR France and Belgium.

The Montagne-Fayel and Molliens-Dreuil wind farm has six wind turbines which are 130 metres tall. The installation of the wind turbines was defined based on studies which took into account human, technical, environmental and regulatory considerations. The successful completion of this project is also thanks to the excellent cooperation between the authorities, the community and other local players.

EDPR France also works with the Molliens-Dreuil state school within the framework of its European educational programmes. In this particular case, the programme will help the school set up educational workshops on sustainable development and organise the end-of-term fieldtrip to an ecological farm. The EDPR team has also visited local schools on various occasions to talk to the children about the wind farm and explain how it was built. These activities are evidence of EDPR’s willingness to discuss the benefits of renewable energies and familiarise local schoolchildren with wind energy.

The wind farm also contributes towards France’s renewable energy targets. France has to install a total of 19,000 MW of on-shore wind energy by 2020. In March 2016, EDPR had 364 MW of installed capacity in France, being the fifth leading producer of wind energy on a nationwide level.

The presence of EDPR France in the local area does not stop there. The company is also developing an off-shore wind energy project off the coast of Dieppe and Le Tréport, and another off the coast of Noirmoutier Yeu, which is operated in conjunction with Engie and CDC. Within the framework of this sizeable project, an industrial plan is being rolled out in Normandy and Les Hauts de France regions.

2016/05/27

EDPR is celebrating the opening of a new wind farm in France today. The 12 MW wind farm is located in the municipalities of Bouchy-Saint-Genest and Escardes, Department of Marne, in the new region of Alsace-Champagne-Ardenne-Lorraine. This wind farm’s output will allow it to supply clean energy to around 11,000 homes.

EDPR is celebrating the opening of a new wind farm in France today. The 12 MW wind farm is located in the municipalities of Bouchy-Saint-Genest and Escardes, Department of Marne, in the new region of Alsace-Champagne-Ardenne-Lorraine. This wind farm’s output will allow it to supply clean energy to around 11,000 homes.

Yves Détraigne, Senator for the Department of Marne, Jacques Beaujean, Regional Councillor, François Curfs, Mayor of Escardes and Frédéric Lanoë, Managing Director of EDP Renewables France and Belgium are all set to attend the inaugural ceremony.

The Escardes and Bouchy-Saint-Genest wind farm is equipped with six wind turbines, the installation of which was approved following studies which took into account human, technical, environmental and regulatory considerations. The wind farm’s development was also subject to studies aimed at avoiding and minimising, to the fullest extent possible, its impact on the immediate surroundings. The completion of the project is thanks to a close working relationship between the public administration, the community and other local stakeholders.

Escardes and Bouchy-Saint-Genest is EDP Renewables France’s first wind farm to have received crowdfunding through the online Lendosphère platform. This allowed citizens to partially fund construction of the facility using a system of subsidised loans. The residents of eight local communities located in the immediate vicinity of the wind farm will benefit from even higher interest rates than other contributors. This crowdfunding transaction was an outstanding success and will serve as a model for future developments.

The wind farm also contributes towards France’s renewable energy targets; France has to install a total of 19,000 MW of on-shore wind energy by 2020. In March 2016, EDPR had 364 MW of installed capacity in France, being the fifth leading producer of wind energy on a nationwide level.

 

2016/05/04

Revenue totalled €508 million and EBITDA, which increased 29% YoY, amounted to €379 million. The operating portfolio, spread over 10 countries, amounts to 9.7 GW after adding 672 MW to installed capacity over the last twelve months.

EDP Renewables announced today that revenues for the first quarter amounted to €508 million (+22% on the same period last year). The increase in revenues benefitted mainly from the higher capacity in operation and the outstanding load factor.

EDPR reported net profit of €75 million in the first quarter of 2016, an increase of 32% on the first quarter of 2015.

EBITDA increased by +29% YoY to €379 million, representing an EBITDA margin of 75%, reflecting the positive impact from the top-line and the 2% decrease in operating costs per average MW in operation.

EDPR recognised EBIT of €232 million between January and March, representing a +35% YoY increase. This is the result of EBITDA performance (+29% YoY) and a 19% increase in depreciation and amortisation costs.

Net financial expenses increased by €2 million between January and March 2016 (totalling €74 million).

In the first quarter, EDPR’s operating cash flow reached €281 million and net investments reached -€190 million, reflecting the cash-in of the proceeds from the execution of the asset rotation strategy signed in November 2015 (€279 million).

Net debt totalled €3.4bn at 31 March 2016 (-€0.3bn vs Dec-15).

Operating results

As of 31 March 2016, EDPR managed a global portfolio of 9,700 MW spread over 10 countries. Over the last twelve months, EDPR added 672 MW to its installed capacity, of which 398 MW were in the US.

Electricity production increased by 30% on the first quarter of 2015 to reach 7.5 TWh, thanks to the positive effect of new capacity addition and an excellent load factor which stood at 38%, compared to 34% in the first quarter of 2015.

The selling price (€61/MWh) fell 7% YoY, reflecting a different mix of wind farms in operation (higher productions vs prices).

2016/04/20

EDP Renováveis will release its 1Q 2016 Results on May 4th, before market opening.

EDP Renováveis will release its 1Q 2016 Results on May 4th, before market opening. On the same day, at 2 pm Madrid (1 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: 958310
Dial-In number: UK: +44 (0)207 1620 177 | US: +1 334 323 6203

The conference call will have a replay service available starting on May 5th until May 11th, 2016.
Dial-In for replay: UK: +44 (0) 20 7031 4064 | US: +1 954 334 0342
Access Code: 958310