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2016/11/21

EDPR Poland has been named in the Environmental and Corporate Sustainability category.

EDPR Poland has been named in the Environmental and Corporate Sustainability category. European Business Awards is Europe’s largest business competition set up to celebrate business excellence and best practice in the European business community.

Business leaders, academics and political representatives from across Europe, support the Awards edition, now in its 10th year, and this year engaged with over 33,000 businesses from 34 countries.

As a National Champion, EDP Renewables Poland will now go on competing to be short-listed as one of 10 Ruban d’Honneur recipients in The Award for Environmental & Corporate Sustainability category.

Find out more about these Awards.

2016/11/08

The EDP Renewables, ENGIE, Caisse des Dépôts, Eiffage/Principle Power and GE consortium’s floating wind farm pilot project in the Mediterranean has been selected by the Government of France.

The EDP Renewables, ENGIE, Caisse des Dépôts, Eiffage/Principle Power and GE consortium’s floating wind farm pilot project in the Mediterranean has been selected by the Government of France.

This verdict recognises the innovative technological decisions, experience and know-how of the consortium, whose goal is to make floating wind power a competitive alternative within the energy mix, together with local players who are already fully active in this field.

EDP Renewables, ENGIE, and Caisse des Dépôts, which are already participating in the offshore wind power projects at Tréport-Îles d’Yeu and Noirmoutier, have worked alongside leading industrial partners with extensive experience in large infrastructure projects and in the highly promising field of floating structure technology.

The pilot wind farm, which is located on the coast of Leucate – Le Barcarès and is France’s first offshore wind farm site, will be composed of four 150-6 MW/unit GE Haliade wind turbines mounted on semi-submersible floating structures designed by Principle Power in Aix-en-Provence and manufactured by Eiffage Métal in Fos-sur-Mer. Assembly, storage and logistics will be carried out in Port-la-Nouvelle, in the Department of Aude. The project will benefit companies in the Occitanie and Provence-Alps-Côte d’Azur regions immensely (especially the diversification of the Fos-sur-Mer factory to include the production of offshore energy components).

After an initial study and negotiation phase, followed by their assembly, the wind farms will enter into production in 2020 and usher in the business activity phase of the French floating wind power consortium and its competitive position in terms of exports.

Thanks to its state-of-the-art technology, the advantage of floating wind power is that it can be installed in deep water far from the coast where high winds are prevalent. The French Mediterranean coast is especially propitious for producing this type of offshore renewable energy and is an ideal testing ground for future international projects.

2016/11/07

The Green Education grants awarded by EDPR together with the EDP Foundation in Spain aim to promote access to education for children and young people from low-income families. The grants awarded this year total €75,500.

EDP Renewables has awarded its Green Education scholarship grants to promote education for children and young people from low-income families, an initiative that falls under the EDP Foundation’s corporate social responsibility policy in its effort to promote the education of future generations.

A total of 113 grants have been awarded with a value of €75,500. The company applies a stringent selection process to choose the beneficiaries from the high number of applications received from all the Spanish Autonomous Regions where EDP Renewables operates.

This year, 66 grants totalling €44,000 were awarded to schoolchildren in the municipality of Cañete la Real (Malaga) in Andalusia, whereas the remaining 47 grants totalling €31,500 were awarded to recipients in the municipalities of Santa Comba, Dumbría and Vimianzo in Galicia.

João Paulo Costeira, EDP Renewables Europe CEO said, “awarding these grants is the best way to reflect the company’s commitment to future generations to provide them with the best training possible to prepare them for the challenges that lie ahead of them”.

“At EDP Renewables, we believe education is a cornerstone of society, which is why we intend to continue supporting this fundamental aspect through these scholarship grants, a programme which is now in its sixth year”, added Costeira.

2016/10/21

The winning project – Wind Energy Storage Using Hydrogen – was presented by students from the University of Zaragoza. The projects submitted by students at Rey Juan Carlos University and the University of Seville came in second and third, respectively. The ceremony was hosted by João Manso Neto, CEO of EDP Renewables

Madrid, 20 October 2016: EDP Renewables and the EDP Foundation in Spain have announced the winner of the EDPR University Challenge 2016 for students from Spanish universities. The awards ceremony was hosted by João Manso Neto, CEO of EDPR.

The five shortlisted groups presented their projects to the audience and the judging panel, which was formed by EDP Renewables executives such as Joaquín García-Boto, Head of Project Development in Spain for EDPR Europe, Federico Toro, EDPR Procurement Director, Kilian Rosique, Technical Director at the association for wind energy companies AEE, and Telmo Vieira, a Partner at Premivalor Consulting.

The winning project entitled Wind Energy Storage Using Hydrogen was entered by students from the University of Zaragoza, supervised by Professor Amaya Martínez Gracia. The projects awarded second and third place were Project BIRD (Bioinspired Inspection and Reparation Drone) presented by students from Rey Juan Carlos University and Project NZED (Net Zero Energy District) presented by students from the University of Seville.

As well as the three winning projects, the following two entries were also shortlisted:

• Project Desconecta: business model based on energy efficiency to drive sustainable construction, presented by students from the University of Seville, the University of Granada and Madrid’s Universidad Autónoma.
• Submarine compressed air energy accumulation system in a linear flexible container, presented by students from the University of Santiago de Compostela.

The winning team was awarded a prize of 6,000 euros. The professor who supervised the winning entry was also awarded 3,000 euros. The group awarded second place was awarded 3,000 euros to be distributed among its members, and 1,500 for the project coordinator. And the group in third place was awarded 2,000 for each group member and 1,000 for the supervising professor.

This edition of EDPR University Challenge 2016 has been particularly successful, attracting over 100 university entries presented by over 280 students.

This year’s event was hosted by EDP Renewables CEO João Manso Neto who said that “we have an obligation at EDPR to play a socially responsible role in the markets where we operate, which is why we are so proud to form part of this initiative, which contributes towards training and raising the awareness of future generations about the importance of green and sustainable energies. The quality of the projects submitted this year is extremely high on a technical level, coupled with the fact that they are profitable ideas with a significant social component”.

EDP Renewables launched University Challenge in Spain in 2009, in Portugal in 2007 and this year in Poland. The company has organised this contest every year since then to support universities in the practical application of academic knowledge for the development of projects and ideas in the field of renewable energies. The objective of the Challenge is to act as a liaison between the academic and business worlds, incentivising creativity and innovation, as well as fostering knowledge on the renewable energy sector.

For further information on EDPR University Challenge in Spain, visit the website.

2016/10/20

EDP Renováveis will release its 9M 2016 results on November 3rd 26th, before market opening.

EDP Renováveis will release its 9M 2016 results on November 3rd 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:
960479

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 November 4th until November 10th, 2016.
Dial-In for replay: UK +44 (0) 20 7031 4064 | US: +1 954 334 0342 | Access Code: 960479

2016/10/19

Amazon Web Services (AWS) published a film about the construction of Amazon Wind Farm US Central, an EDPR’s project that aims to help AWS achieve a big number: use of 100% renewable energy.

Amazon Web Services (AWS) published a film about the construction of Amazon Wind Farm US Central, an EDPR project that aims to help AWS achieve a big number: use of 100% renewable energy.

The video highlights the economic benefits that the wind farm, located in Paulding County, brings to the state and its role in helping Amazon meet their sustainability goals.

Watch the video:

videoAmazon

2016/09/30

The winning project was presented by students from Warsaw University of Technology – Multi-level Large Vertical Axis Wind Turbine Concept. The ceremony was hosted by João Manso Neto, CEO of EDP Renewables.

Warsaw, 30 September 2016:  EDP Renewables announced the winner of the first edition of the EDPR University Challenge for students from Polish universities. The awards ceremony, held in Poland, was led by João Manso Neto, CEO of EDPR, who was accompanied by Polish executives of the company. It took place in Warsaw today at the Cervantes Institute.

This initiative aims is to awaken the spirit of innovation and creativity within the academic community, which, in turn, will promote a greater proximity between universities and the business world.

The shortlisted groups presented their projects to the audience and the judging panel, which was formed by Jerzy Kalinowski, Head of Asset Management at EDPR Poland, Łukasz Zagórski, vice president of SEO, Deputy Director of EDPR Poland, Telmo Vieira, Partner at Premivalor Consulting and Andrzej Kaźmierski Director at Department of Renewable Energy, Ministry of energy.

The winning project was entitled Multi-level Large Vertical Axis Wind Turbine Concept and was entered by Xavier Camps, Marco Kuźma, Miriam Ruiz Pena, Grigory Dudnik, students from Warsaw University of Technology.

The projects awarded second and third place were The power-split algorithm of a hybrid power station, presented by Jacek Kamiński i Robert Pietracho from Poznan University of Technology, and Autonomous electric scooters station presented by Emilia Zagrajek from Warsaw University of Technology.

“One of our top concerns is the education of future generations so that they are ready to take on the challenges that lie ahead. EDP Renewables’ is not only commitment to the economic performance of the organization, but also to society, future generations and the environment.”, remarked João Manso Neto, CEO of EDP Renewables.

The winning student team was awarded 15.000 PLN, whilst second and third received 10.000 PLN and 5.000 PLN respectively.

2016/09/17

EDPR opened a new wind farm in France with an installed capacity of 12 MW. The wind farm is located in the municipality of Dammarie, 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 11,000 homes.

Paris, 17 September 2016: EDPR opened a new wind farm in France with an installed capacity of 12 MW. The wind farm is located in the municipality of Dammarie, 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 11,000 homes.

The opening ceremony was attended by Estelle Cochard, Councillor for the region of Centre-Val de Loire and Deputy Mayor of Mainvilliers; Denis-Marc Sirot-Foreau, Vice-Chairman of Chartres Métropole and Mayor of Amilly; Annick Lhermitte, Mayor of Dammarie, and Frédéric Lanoë, Managing Director of EDPR France and Belgium.

The Dammarie wind farm has six wind turbines which are 125 metres tall. The installation of the wind turbines was defined based on studies which took into account human, technical, environmental and regulatory considerations.
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.

Three months after the opening of the Francourville wind farm, EDPR France has strengthened its foothold in Eure-et-Loir once again thanks to the entry into service of the Dammarie wind farm. This latest opening will underpin 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.

The company operates a total of 117 MW of wind power in the region. This new facility will take EDPR’s installed capacity in France to 388 MW, making it the fifth leading producer of wind energy on a nationwide level.

2016/07/26

The operating portfolio, spread over 10 countries, now amounts to 9.7 GW after the company adds 84 MW to its installed capacity in the year to date

Madrid, 26 July 2016: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and one of the largest wind energy producers in the world, announced today that at 30 June the company managed an operating portfolio totalling 9.7 GW spread across 10 different countries. Over the last six months, it has successfully added 84 MW to its existing installed capacity. At the close of June, the company had 656 MW under construction, distributed as follows: United States, 429 MW; Mexico, 200 MW; and Europe, 28 MW.

Between January and June of 2016, EDPR has supplied 13.3 TWh of green electricity, up 23% on the 10.8 TWh reported in the same period of 2015.

Financial results

EDPR posted total revenue of €889 million in the first half of 2016 (+15% YoY) on the back of the increase in installed capacity and a higher load factor, both offsetting the drop (-7%) in average selling price during the first six months.

EBITDA was up 18% YoY to reach €648 million in response to solid revenue performance and the drive to control costs, while EBIT gained €61 million (reflecting revenue growth) to reach €354 million.

Net profit between January and June reduced to €59 million (-15% YoY), while adjusted net profit was up 9% YoY to reach €78 million. In like for like terms and excluding these one-off events, net profit shows positive year-on-year performance that will be further strengthened by the reduction in the cost of debt.

Retained cash flow totalled €385 million in the first half of 2016 (+34% on the same period of 2015), while net debt fell to €3,300 billion (shedding €400 million in the year to date).

According to João Manso Neto, EDP Renewables CEO: “We have had an excellent start to the year, giving us a clear view of what lies ahead in ensuring the successful implementation of our 2016-2020 business plan. Once again, we can show the market that our vision and model are on target”.

“Our decisions are based on three main pillars: asset quality, selective and profitable growth and self-funding; the three keys to EDPR’s ongoing success”.

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