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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


Award granted by Great Place to Work® in the category for companies with between 250 and 500 employees.
It is the only energy company in the ranking

EDP Renováveis announced that, for the fifth year running, Great Place to Work® has named the company as one of the 50 best places to work in Spain in 2016.

EDP Renováveis won this recognition in the category for companies with between 250 and 500 employees, making it into the top 10 thanks to the company’s efforts to make its working environment a truly great place to work. It is also worth pointing out that it is in the only energy company in the ranking.

EDP Renováveis in Spain has once again strengthened its position as one of the 50 best places to work in the category for companies with between 250 and 500 employees. Following a study of organisational culture which analysed, among other variables, equal opportunities, flexibility, integrity and working environment, the company secured one of the best scores in Spain.

João Manso Neto, CEO of EDP Renováveis, said: “We are extremely proud of the recognition we have been given by Great Place to Work®, because we are convinced at EDP Renováveis that one of the reasons behind our successful track record and history is our human team, in whom we invest our high standards of professionalism. It is vitally important for us that our team members are happy in their work”.


This partnership between experienced marine energy actors is positioned in the Mediterranean (Languedoc-Roussillon-Midi-Pyrénées Region) to provide support for development of the French floating wind turbine industry.

This partnership between experienced marine energy actors is positioned in the Mediterranean (Languedoc-Roussillon-Midi-Pyrénées Region) to provide support for development of the French floating wind turbine industry. Closely design with local players,  this project will immediately create lasting economic activity. Based on innovative technology developed in France, the project represents a decisive step in the development of a highly promising renewable national marine energy resource and an encouraging vector for exports.

EDP Renováveis, ENGIE, la Caisse des Dépôts and Eiffage have submitted their “pilot floating wind farm” proposal to ADEME, the French Environment and Energy Management Agency. From the proposed project areas, they chose the Leucate site on the Mediterranean, France’s highly regarded marine wind energy resource characterized by exceptional winds. Their project «Les éoliennes flottantes du golfe du Lion» is well integrated into the region and benefits from its partners’ solid experience in offshore renewable energy and major infrastructure projects.

The installation will include 3 to 6 wind turbines of a minimum of 6 MW each. They will be joined with an integrated semi-submersible type floating foundation built by Eiffage Métal. The concept chosen by the French manufacturer and developed by Principle Power in its Aix-en-Provence engineering center represents the most promising technology on the market today and has been tested off the coast of Portugal since 2011.

Armed with significant innovations, the project constitutes a decisive phase that anticipates the floating turbine sector’s industrialization in France and abroad. Indeed, the promising floating turbine technology offers the advantage of being installed in areas of high winds and in deep seas far from the coastline. The Mediterranean coastal areas of France are highly favorable to the development of this seaborne renewable energy. With this call for tenders, France joins Japan, Norway, Portugal and the United Kingdom, which have already embarked upon this technology.

With its launch, the project will immediately create lasting economic activity. To provide the main components of the project’s pre-commercial facilities, the joint venture will call upon a network of French businesses along the Mediterranean coast, particularly in the Languedoc-Roussillon-Midi-Pyrénées region. The region’s port infrastructure will be used for assembly and maintenance operations and will provide the main components of the pre-commercial facilities.

The objective is for this pre-commercial phase to provide key experience to help ensure the success of future commercial developments, not only for the industrial field but also for the many associated stakeholders. The project has been developed and will continue to be developed in full cooperation with all the regional players, local governments and users of the sea, marine facilities, non-profits, and coastal residents. The partners share a commitment to design and put together an innovative, exemplary project from the industrial, socio-economic and environmental perspectives.


João Manso Neto has been recognised as the second-best CEO in Europe both by buy-side and sell-side analysts in the ranking of European utilities by Institutional Investors. Rui Antunes (Head of Investor Relations) and the IR team as a whole were named third-best Head of IR and third-best IR team by sell-side analysts.

Madrid, 29 March 2016: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and one of the world’s largest wind energy producers, has received new accolades this year from Institutional Investors, a leading financial publishing group in Europe and America, in its ranking of European utilities.
This recognition of EDPR is based on surveys carried out among buy-side and sell-side analysts.

EDP Renewables achieved the following awards:
• Best CEO (João Manso Neto) – second place in the overall ranking according to both buy-side and sell-side analysts
• Best IR professional (Rui Antunes) – 3rd place, according to sell-side analysts
• Best IR company – according to sell-side analysts

EDP Renewables also ranked fourth in the Institutional Investors Most Honored Companies list.


Revenue totalled €1.547bn and EBITDA, which increased 26% YoY, amounted to €1.142bn. The operating portfolio, spread over 10 countries, amounts to 9.6 GW after adding 602 MW to installed capacity in 2015. The company proposes a dividend pay-out of €0.05/share (a pay-out ratio of 26%) for a total of €44m.

Madrid, 24 February 2016: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and one of the largest wind energy producer in the world, announced today that revenue for 2015 amounted to €1.547bn (+21% YoY). EBITDA increased by +26% to €1.142bn, representing an EBITDA margin of 74%. EDPR reported net profit of €167m for the year represents an increase of 32% on the €126m reported in 2014.

According to João Manso Neto, EDP Renewables CEO: “The company’s excellent performance in 2015 demonstrates that our strategic and operating decisions were on target. Our diversification into markets and regions with wind energy potential and advantageous conditions for our business, as well as our asset rotation strategy, have been key to EDP Renewables’ robust performance”.

Operating results

By Dec-15, EDPR managed a global portfolio of 9,637 MW spread over 10 countries. In 2015, EDPR added 602 MW to its installed capacity, of which 398 MW were in the US.

Electricity production increased by +8% YoY to 21.4 TWh, thanks to the positive effect of new capacity addition, thus offsetting lower wind resources. The load factor for 2015 stood at 29% (-1% vs. 2014).

The selling price increased +9% YoY to €64/MWh, benefiting from a higher average selling price across all platforms and forex translation.

Financial results

Revenue totalled €1.547bn, an increase of 21% YoY, supported by favourable forex translation (+9%), primarily in the US, higher volumes (+8%), and higher electricity selling price (+2%), among other tailwinds (+2%).

EBITDA increased by +26% YoY (+20% excluding one-offs) to €1.142bn with an EBITDA margin of 74%. In 2015 EDPR’s EBITDA benefited from non-recurring events (c.€80m), positively impacted by €125m extraordinary gain following the control acquisition of certain ENEOP assets and negatively impacted by €72m in write-offs following a strict focus on development efforts in regions with sound business fundamentals.

At Dec-15, EDPR recognised EBIT of €578m, representing a +37% YoY increase. This is the result of EBITDA performance and an €84m increase in depreciation and amortisation costs.

Net financial expenses for the year increased 14% (totalling €285m) due to the adverse effect of the dollar’s appreciation, the consolidation of the ENEOP assets and a write down (non-cash) of deferred costs related to the restructuring of certain project finance structures in 2Q’15. If the impact of forex and one-offs are excluded, net financial expenses were 1% lower YoY.

EDPR’s net profit rose +32% to stand at €167m in 2015 and adjusted net profit increased +13% YoY (FY2015 one-offs +€59m). Non-controlling interests in the period totalled €79m, representing an increase of €27m YoY, thanks to the non-controlling interest sold as part of the asset rotation strategy and to CTG in the context of its strategic partnership with EDP.

In the 4Q’15, EDPR reached an agreement with Axium for the sale of non-controlling interests in a 1 GW US portfolio and with CTG for the sale of a 49% stake in a 598 MW portfolio which includes Polish and Italian assets.
In 2015 EDPR’s operating cash flow reached €707m and net investments amounted to €719m, benefiting from the execution of the asset rotation strategy.

At Dec-15, net debt totalled €3.7bn (+425m vs. Dec-14), explained, among other factors, by the ENEOP asset consolidation and forex translation, reflecting 3.2x Net Debt/EBITDA ratio (vs. 3.6x in 2014).

Dividend pay-out

The Board of Directors of EDPR will propose a dividend distribution to the shareholders at the General Meeting of €44m (€0.05/share), representing a pay-out ratio of 26%.


EDP Renováveis will release its Annual Results 2015 results on February 24th, before market opening.

EDP Renováveis will release its Annual Results 2015 results on February 24th, 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: 957412
Dial-In number: UK +44 (0)20 7162 0077 | US +1 334 323 6201

The conference call will have a replay service available from 25 February 2016 until 2 March 2016.
Dial-In for replay: UK +44 (0) 20 7031 4064 | US: +1 954 334 0342
Access Code: 957412


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

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,

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.


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


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.