SHARE PAGE

X

News

Search for news by time period.


2015/05/25

The Spanish wind sector has recently launched the campaign titled “Say yes to wind power!” to allow the Spanish society to gain a better understanding of the social, environmental and economic benefits of wind power.

Madrid, 25 May 2015: The Spanish wind sector has recently launched the campaign titled “Say yes to wind power!” to allow the Spanish society to gain a better understanding of the social, environmental and economic benefits of wind power.

Wind power – together with hydro power – is the most competitive source of energy among renewables, as it reduces the import of fossil fuels from abroad (which amounted to 2,600 million euros in 2014), helps decrease the energy dependency and it is more ecological, clean and sustainable, having prevented the emission of 20.4 million tons of CO2 and other greenhouse gases in 2014. Furthermore, wind power contributes with 20% of the electricity that is used by Spaniards; it is indispensable for meeting the European goal of 20% of energy from renewable sources by 2020, can save up to 2.5 euros monthly in the electricity bill of domestic consumers and employs 20,000 people.

With over one thousand wind farms in operation in nearly 800 towns and approximately 200 manufacturing sites in 12 regions, its traction on the economy has become vital.

The cornerstone of the campaign consists of a 2.0 platform (http://www.sialaeolica.com) where citizens can obtain more detailed information about this source of energy. Likewise, citizens may also express their opinions through new content such as reports, videos or research.

Myths undone: wind power in figures

Wind power is NOWADAYS economically competitive. According to the LCOE criteria (Levelized Cost of Energy), the cheapest energy sources are on-shore wind power and hydropower, as show in the below chart. This means that, as of today and in the case of new installations, wind power and hydropower would be more profitable than any other source of energy in our country.

grafico_SiEolica2

 Source: General Directorate of Energy (European Commission) and Ecofys
*The LCOE (Levelized Cost of Electricity) is used to compare unit costs through the economic lifetime of different technologies, in the absence of the risks associated with the market or technology.

In addition, wind power is the electricity generation technology that employs more people by installed megawatt, based on data from the European Wind Energy Association (EWEA). According to a report by the University of Massachusetts’ Political Economy Research Institute, 13 jobs are created for every one million dollars invested in the wind power sector. In Spain, the sector employs 20,000 people. The Yes to wind power movement will take place in a 360º environment that will include brochures, social media profiles, the aforementioned 2.0 web platform and a video, in order to explain the power of change it carries through the figure of an energy Hipster. You can follow the campaign on Twitter through the profile @sialaeolica, hashtag #sialaeolica.

The project, which is led by the Wind Business Association (AEE) has the support from companies such as EDP Renováveis, Acciona, Bora Wind, Enercon, Ereda, CIRCE Foundation, Gamesa, GDES Wind, Iberdrola, IM Future, Schaeffler Iberia, MS Enertech, Siemens, Spares in Motion, UL-DEWI, Vestas and Zecsa, in addition to other associations such as Aeolican, AEPA and EolicCat.

Watch the video here.

For more information:
Phone. 91 745 12 76
comunicacion@aeeolica.org
www.aeeolica.org

 

2015/05/22

TU ENERGÍA seeks to foster a commitment and change everyday environmental habits through classroom-based reflection and practical activities. The EDP Renewables programme has held 44 educational sessions at schools across the region since March.

Madrid, 20 May 2015: EDP Renewables (EDP Renewables, Euronext: EDPR), a global leader in the renewable energy sector, has rolled out its TU ENERGÍA (Your Energy) educational programme in the Spanish Autonomous Region of Aragon, which has proved very popular. The sessions, which began on 5 March and concluded yesterday, were held at 20 schools across the provinces of Huesca, Teruel and Zaragoza.

The programme was aimed at demonstrating the importance of renewable energies in our daily lives and showcasing their differences with respect to fossil fuels. The programme has allowed EDPR to convey this important aspect to more than 3,200 school children in the region.

The sessions consisted of walking the children through the world of renewable energies using child-friendly characters representing solar, hydraulic, wind, geothermal and biomass energies, allowing them to learn about their different characteristics in an attractive, friendly way and on a level they can understand.  The activities, which are accompanied by videos and interactive presentations, help raise the children’s awareness of the importance of responsible energy use and the benefits of using renewables.

The initiative has been extremely well received by teaching staff, who highlighted the importance of this type of programme, emphasising school-based activities as the most effective way to foster sustainable development.

João Paulo Costeria, CEO of EDP Renewables Europe, said: “We  have made a firm commitment at EDP Renewables to society and future generations and the TU ENERGÍA programme is the best way to fulfil this commitment. Thanks to this initiative, we can introduce children to the idea of clean energy and make them aware of its importance so that the citizens of tomorrow are committed to the protection and respect for the environment, as well as making them familiar with forms of energy that are already competitive, such as onshore wind power”.

2015/05/06

EBITDA increased by 10%YoY to €319m and Net Profit totalled €70m (+7% vs. Q1 ’14)

Madrid, 6th May 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 in the Q1 ‘15, EDPR delivered 5.8 TWh of clean electricity vs. 6.1 TWh in the Q1 ‘14, mainly due to the lower wind resource in the period, which negative impact was more than offset by higher prices YoY (+15% vs. Q1 ’14) contributing to the positive evolution to the financial performance in the period.

As of March 2015, EDPR manages a global portfolio of 9.0 GW installed capacity spread over 10 countries, which increased by 456 MW in the last 12 months. Currently EDPR has 601 MW of wind onshore projects under construction: 399 MW in the US, 120 MW in Brazil and 82 MW in Europe.
In the period revenues totalled €418m (+10% vs. Q1 ‘14), mainly supported by the higher selling price (+€22m) and forex translation (+€30m, mostly US) that offset the negative impact from lower volumes (-€16m).

The average selling price in the period (€65/MWh) was 15% higher YoY, benefiting from an increase in the average selling price across all platforms. In Europe, the increase in the average selling price (+8%) was mainly explained by the increase in the Spanish pool price, while in North America the 10% (in USD) increase in price follows the evolution of PPA prices (+2% YoY) and benefits from the active management of sales from the output without long-term contracts with the realised price increasing 71% YoY.

EBITDA increased by 10% YoY to €319m (76% EBITDA margin), reflecting the positive impact from the top-line and stable Operating Costs per average MW in operation.

EBIT increased 9% YoY to €195m, as a result of the EBITDA performance and the 12% YoY increase in depreciation and amortisation costs.

All in all, Net Profit increased 7% YoY to €70m.

In the Q1 ‘15, the Operating Cash-Flow totalled €220m (+7% YoY), on the back of EDPR’s quality assets and operational excellence. Net investment reached €162m, reflecting the investments made in the period.

During Q1 ‘15, EDPR signed an asset rotation transaction for the sale of a minority stake in a 30MW solar PV power plant, while in April 2015, EDPR cashed-in $348m from the Fiera Axium asset rotation deal signed in Q3 ’14. EDPR has today executed more than 70% of its cumulative asset rotation target of €0.7bn for the 2014-17 period.

Check out the 1Q15 Results Handout.

2015/04/24

EDP Renováveis will release its 1Q2015 annual results on may 6th, before market opening.

EDP Renováveis will release its 1Q 2015 results on May 6th, 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:
952878

Dial-In number:
UK +44 (0)20 7162 0177
US +1 334 323 6203

The conference call will have a replay service available starting on May 6th until May 13rd, 2015.
Dial-In for replay: UK +44 (0) 20 7031 4064 | US: +1 954 334 0342 | Access Code: 952878

 

On April 22nd 2015, Great Place to Work (GPTW) celebrated its third edition of the awards ceremony for the top 50 companies that comprise the Best Workplaces Spain 2015 list. For the fourth consecutive year, EDP Renováveis is the only company in the energy sector that integrates this exclusive list, reaching on this occasion the eighth position in the company ranking within its category (companies with 250 to 500 employees).

On April 22nd 2015, Great Place to Work (GPTW) celebrated its third edition of the awards ceremony for the top 50 companies that comprise the Best Workplaces Spain 2015 list. For the fourth consecutive year, EDP Renováveis is the only company in the energy sector that integrates this exclusive list, reaching on this occasion the eighth position in the company ranking within its category (companies with 250 to 500 employees).

The event, which brought together over 500 people, once again underlined how important it is for employees of any company to recognize the company as a great place to work, regardless of their sector and size.

Each year GPTW prepares the Best Workplaces list through a meticulous analysis, evaluation and certification process. 305 companies with different numbers of employees and from several sectors including hotels, automotive, services, banking and pharmaceuticals, among others, were analyzed this year. The energy sector was represented only by EDP Renováveis, which surpassed the score obtained in 2014 by 9 points.

The study is based mainly on the employees’ perception about their company but also on the organization’s corporate culture, through its HR policies and processes. The purpose of this list is to identify companies that can be considered a benchmark for other organizations.

The methodology that the model applies is based on a two-fold analytical procedure consisting of a questionnaire that employees must complete (Trust Index), which represents two-thirds of the global score of the process, followed by an analysis of the organization’s corporate culture, which is conducted by HR and represents one-third of the remaining score.

EDP Renováveis consolidates for the fourth consecutive year its position among the best companies to work for.

RA2014_en
2015/02/25

EDP Renewables FY 2014: revenues totalled €1,277 million, net profit reached €126 million The company’s operating portfolio, distributed over 10 countries, reached 9.0 GW in 2014. In 2014 the company executed more than 60% of its cumulative asset rotation target (€0.7bn) for 2014-2017. EDPR proposes a dividend distribution of €0.04 per share, reflecting a 28% […]

EDP Renewables FY 2014: revenues totalled €1,277 million, net profit reached €126 million

  • The company’s operating portfolio, distributed over 10 countries, reached 9.0 GW in 2014.
  • In 2014 the company executed more than 60% of its cumulative asset rotation target (€0.7bn) for 2014-2017.
  • EDPR proposes a dividend distribution of €0.04 per share, reflecting a 28% pay-out ratio.

Madrid, 25 February 2015: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, announced today that its electricity output increased by 3% (YoY) to 19.8 TWh in 2014, on the back of capacity growth (+0.6 TWh) and stable wind resource YoY. Over the last 12 months, the company added 471 MW to its installed capacity, of which 70% was in the US. By 2014 year-end, EDPR reached a total portfolio of 9.0 GW spread over 10 countries. Of this total, 82 MW related to solar PV power plants in Romania, the US and Portugal.
In 2014 EDPR was able to maintained a stable YoY load factor of 30%, reflecting the benefit of a balanced portfolio across different geographies and the intrinsic quality of EDPR’s wind farms, and thanks to the company’s unique wind assessment know-how.

FY 2014 revenues totalled €1,277 million (a YoY decrease of €40 million) due to lower selling prices in Europe and forex translation (-€3 million, mainly BRL). EBITDA decreased €17 million YoY to €903 million due to the regulatory changes in Spain, while rest of portfolio delivered solid performances (+9%YoY). EBITDA margin increased to 71%, reflecting an increase in operational efficiency, with Operating Costs decreasing by €18 million YoY, and mitigating the negative impact from the top-line.

Net Financial Expenses in 2014 were 5% lower YoY, amounting to €250 million. The net interest costs increased by 3% YoY, as a result of a higher average net debt (+4% YoY) along with a stable cost of debt (5.2% in Dec-14). Pre-Tax Profit amounted to €194 million and income taxes decreased to €16 million, due to the positive effect of the approved corporate tax reform in Spain impacting deferred tax assets and liabilities (€30 million).

Net Profit decreased 7% YoY to €126 million. Non-controlling interests in the period totalled €52 million, an increase of €18m YoY on the back of non-controlling interests sold to CTG (Jun-13) in the context of the EDP strategic partnership, and to Fiera Axium (Sep-13), Axpo Group (Oct-13), EFG Hermes (Oct-14) and Northleaf (Nov-14) as part of the execution of the asset rotation strategy.

In 2014, Operating Cash-Flow reached €707m (+4% YoY), on the back of EDPR quality assets and operational excellence. Net investments reached €515m, benefiting from the execution of the asset rotation. In the year, cash available for growth and distributions totalled €413m, and on top of that EDPR cashed-in proceeds from the asset rotation (€215m) and institutional tax equity financing structures (€217m) concluded in 2014. As of Dec-14, Net Debt summed €3.3bn, in line with Dec-13 and despite the negative impact of forex translation (€170m).

Of particular note is the fact that the company continued to execute efficiently its asset rotation strategy with a cumulative asset rotation target of €0.7 billion for 2014-2017. In 2014, EDPR executed more than 60% of said target.
2014 also saw the company commence operations in two new markets. The company executed the project finance for its first project in Canada (South Branch project, Ontario, 30 MW) and entered the Mexican wind-energy market after an agreement with Industrias Peñoles, a leading Mexican mining company.

Also, and in line with the current dividend policy, the Board of Directors will propose a dividend distribution at the ASM of €35 million, or €0.04/share, reflecting a 28% pay-out ratio.

Presentation

About EDP Renewables (EDPR)

EDP Renewables (Euronext: EDPR), headquartered in Madrid, Spain, is a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 12 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, Poland, Portugal, the UK, Romania and Mexico). 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 more information, please visit www.edpr.com.

diaEolico_site
2015/02/19

8th Wind Power Day The Wind Power Developers Association of Castilla y León (APECYL) will be organizing the 8th edition of Wind Power Day with the sponsorship of EDP Renewables. The session will cover the main topic “Wind Power 2015, new skills for new rules” and will take place on February 25 at the Palacio […]

8th Wind Power Day

The Wind Power Developers Association of Castilla y León (APECYL) will be organizing the 8th edition of Wind Power Day with the sponsorship of EDP Renewables. The session will cover the main topic “Wind Power 2015, new skills for new rules” and will take place on February 25 at the Palacio de los Serrano (Ávila).

The first part of the session will focus on the debate about the new skills that are required in the area of operation and maintenance and the markets and will see the participation of project development managers from EDP Renewables and Gas Natural Fenosa as well as technologists from Vestas and Gamesa and representatives from OMIE, AXPO and Goiener.
The second part of the discussion will focus on the future of wind power in light of the new energy scenario. On this occasion, several authorities from the Castilla and León Regional Government and REE will be present. Mr. Federico Ramos, Secretary of State for Environment will be closing the event.

More information please click here: apecyl.com

2015/02/17

EDP Renováveis will release its 2014 annual results on februrary 25th, before market opening.

Madrid, February 17th 2015: EDP Renewables will release its 2014 annual results on february 25th, before market opening.
On the same day, at 15:00 pm Madrid (14:00 pm UK/Lisbon time), João Manso Neto will host a conference call and webcast presentation.

The conference call will have a replay service available starting on February 25th, 2015 until March 4th, 2015.
Dial-In for replay: UK +44 (0) 20 7031 4064 | US: +1 954 334 0342 | Access Code: 951533

For the replay service click here

EDP Renováveis, S.A. 

villa-castelli
2015/02/11

Madrid, 09 February 2015: In 2014 EDPR reached an important milestone in this area, by certifying more than 3,500 MW* in the United States, which means 88% of our assets are certified as per the ISO 14001 and OHSAS 18001 standards. Aware of the importance of adequately managing the environmental aspects affecting its assets and in […]

Madrid, 09 February 2015: In 2014 EDPR reached an important milestone in this area, by certifying more than 3,500 MW* in the United States, which means 88% of our assets are certified as per the ISO 14001 and OHSAS 18001 standards.

Aware of the importance of adequately managing the environmental aspects affecting its assets and in line with its commitment to continuous improvement in terms of environmental and health and safety performance, EDPR had developed and implemented in 2008 an Environmental Management System (EMS) and a Health & Safety Management Plan, based on the ISO 14001: 2004 and OHSAS 18001:2007 standards respectively.

At present, all of EDPR facilities in operation across Europe have both certificates, which translates into over certified 4,000 MW* distributed across different geographical regions: Spain, Portugal, France, Belgium, Poland, Romania and Italy. Furthermore, in 2014 EDPR reached an important milestone in this area, by certifying more than 3,500 MW* in the United States, which means 88% of our assets are certified as per the ISO 14001 and OHSAS 18001 standards.

In Europe, the process automation and system integration strategy has made it possible for the EMS to become integrated into the Prosafety software tool in 2014. This tool, which until now has been in use by the Health & Safety department, allows for more effective and collaborative systems that help achieve company-wide engagement.

The implementation of these management systems help us drive improvements in our processes, which allows us to work more safely and with a lower environmental impact.

*Includes windfarms with CoD before December 2013 and excludes ENEOP.

About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR), Headquartered in Madrid, is a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 12 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, Mexico, Poland, Portugal, the UK and Romania).

Energias de Portugal, S.A. (“EDP”), the majority 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 more information, visit www.edpr.com

2014/11/17

Madrid, 13 November 2014: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, today announced that, through its fully owned subsidiary EDP Renewables North America LLC, was awarded by the New York State Energy Research and Development Authority (“NYSERDA”) with two 20-year sale agreements for […]

Madrid, 13 November 2014: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, today announced that, through its fully owned subsidiary EDP Renewables North America LLC, was awarded by the New York State Energy Research and Development Authority (“NYSERDA”) with two 20-year sale agreements for Renewable Energy Credits (“RECs”), comprising a total of 155 MW of new capacity to be installed in 2017 in the state of New York, US.

These agreements are subject to a new extension of the Production Tax Credits (“PTC”). The current PTC scheme was signed in January 2013, and allowed wind energy projects that have begun construction before January 1st, 2014 to benefit from a 10-year PTC ($23/MWh) on its electricity output.

These long term sale agreements demonstrate EDPR’s strategy of focus on developing quality projects and adapting its pipeline to capture opportunities on- time. The effectiveness of these agreements will increase the visibility and reinforces the low risk profile of EDPR 2014-17 business plan, resulting in more than 90% of the new capacity additions in the period based on projects with long term agreements or Feed-in tariff awarded.
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR), Headquartered in Madrid, is a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 12 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, Mexico, Poland, Portugal, the UK and Romania).

Energias de Portugal, S.A. (“EDP”), the majority 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 more information, visit www.edpr.com