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2014/09/01

EDPR, through its fully owned subsidiary EDP Renewables North America LLC, has secured a $33 million commitment of institutional equity financing in exchange for an interest in the 30 MW Lone Valley solar PV project, located in the State of California.

Madrid, September 1 2014: EDP Renewables (Euronext: EDPR), through its fully owned subsidiary EDP Renewables North America LLC, has secured a $33 million commitment of institutional equity financing in exchange for an interest in the 30 MW Lone Valley solar PV project, located in the State of California. Lone Valley is EDPR’s first solar project in North America, being currently under construction and expected to be commissioned in the 4Q14.
The Lone Valley solar project will sell its output through two 20-year Power Purchase Agreement (“PPA”) with Southern California Edison Company, a subsidiary of Edison International.
The institutional partnership structure established enables an efficient utilization of the fiscal benefits generated by the project and improves the project’s economics.

 

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).

2014/08/21

EDPR has reached an agreement with Fiera Axium Infrastructure US L.P. (“Fiera Axium”) to sell a minority cash equity interest in a US wind portfolio with a total production capacity of 1,101 MW.

Madrid, August 20 2014: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, has reached an agreement with Fiera Axium Infrastructure US L.P. (“Fiera Axium”) to sell a minority cash equity interest in a US wind portfolio with a total production capacity of 1,101 MW. Fiera Axium’s interest in the portfolio will represent 394.5 MW and is the second asset rotation transaction announced by EDPR with Fiera Axium, further strengthening the existing partnership.

The portfolio is comprised of 7 operating wind farms, installed between 2008 and 2011, and 2 wind farms currently under construction and expected to be commissioned in 2014. All of the wind farms have long-term offtake agreements in place.

Based on i) the transaction price and ii) the expected tax equity liabilities of the projects, the total enterprise value on the 1,101 MW portfolio amounts to US $1.7 billion  translating  to  $1.54  million/MW.  Including  the  cash  and  tax  attributes received since the projects’ inception, the total asset value of the portfolio sums to US $2.55 billion or $2.32 million/MW.

The above mentioned portfolio of 1,101 MW is expected to generate cash distributable to equity shareholders of about $40 million per annum in 2015 and 2016.

The transaction is subject to regulatory approvals. The offer contemplates an initial funding to occur upon obtaining regulatory approvals and a final funding to occur upon achievement of commercial operations of the assets under construction.

With this transaction, the total amount of minority sales, including sales to CTG and asset rotation transactions executed by EDPR since 2012, has reached €878 million. Furthermore, this agreement makes EDPR well positioned to achieve its cumulative asset rotation target for the period 2014-2017 of €700 million. The asset rotation strategy allows EDPR to crystallize the value of its projects’ future cash-flow stream and re-invest in the development of quality and value accretive projects, contributing to EDPR’s self-funding growth strategy.

 

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).

2014/06/27

EDP Renewables opens a new wind farm in the Champagne-Ardennes region Paris, 27 June 2014: EDP Renewables (EDP Renewables, Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, announces the opening of a new wind farm in France. The wind farm is located in the municipalities of […]

EDP Renewables opens a new wind farm in the Champagne-Ardennes region

Paris, 27 June 2014: EDP Renewables (EDP Renewables, Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, announces the opening of a new wind farm in France. The wind farm is located in the municipalities of Tarzy and Neuville-Lez-Beaulieu, in France’s Champagne-Ardenne region.

The cumulative annual energy production of the new wind farm will be equivalent to the electricity consumption of nearly 10,000 people.

Frédéric Lanoë, General Director of EDP Renewables France and Belgium and president of the French association of wind energy professionals (France Energie Eoliènne) was present at the opening ceremony, as was Mr. Benoit Huré, Senator and President of the General Council, and Frédéric Périssat, Prefect of the Ardennes.
This new project is representative of the ongoing growth of EDP Renewables in the French wind market, where it has had a presence since 2005. With an installed capacity of 322 MW, EDPR is third-largest wind energy producer in France.

EDPR also owns a 43% stake in a consortium to operate two new offshore windfarms along with GDF Suez and Neoen Marine, using AREVA turbines. The partners were selected by the French Government for the development, construction and operation of offshore wind farms at Le Tréport (Upper Normandy) and on the islands of Yeu and Noirmoutier (Pays-de-la-Loire). The installed capacity of each of these wind farms is 500 MW, amounting to a total of 1,000 MW.

About EDP Renewables (EDPR)
Headquartered in Madrid, Spain, EDP Renewables (Euronext: EDPR), 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. 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

2014/06/18

According to a Thomson Reuters ranking based on a survey carried out among the investment community Rui Teixeira, the company’s CFO, is in the Top 10 of chief financial officers in the same ranking Madrid, 18 June 2014: EDP Renewables (EDP Renewables, Euronext: EDRP), EDP Renewables (EDP Renewables, Euronext: EDPR), a global leader in the […]

According to a Thomson Reuters ranking based on a survey carried out among the investment community

Rui Teixeira, the company’s CFO, is in the Top 10 of chief financial officers in the same ranking

Madrid, 18 June 2014: EDP Renewables (EDP Renewables, Euronext: EDRP), EDP Renewables (EDP Renewables, Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, has announced today that the company’s CEO, João Manso Neto, has been named as the third best chief executive officer in Spain, according to a Thomson Reuters survey carried out among the investment community.
The same ranking has also placed Rui Teixeira in sixth place among the Top 10 CFOs.
João Manso Neto being included in the ranking is recognition of his career as a leader among senior executives of Spanish companies. Manso Neto has been with EDP Group since 2003, where he is a member of the Board of Directors, as well as having performed extremely important executive roles.
EDP Renewables and its team have been recognised on numerous occasions by the financial markets, together with different organisations such as Great Place to Work, IR Magazine and several Portuguese, British, American and Spanish publications.

About EDP Renewables (EDPR)
Headquartered in Madrid, Spain, EDP Renewables (Euronext: EDPR), 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. 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).

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2014/06/16

Institutions from Avila and towns surrounding the wind farm attended the celebration, together with families and schoolchildren from the nearby villages of Cillán, Cabezas de Villar, Fueteadaja de Muñana and La Torre. Various activities took place at the event, including an educational puppet theatre which revolved around the theme of energy, as well as kite […]

Institutions from Avila and towns surrounding the wind farm attended the celebration, together with families and schoolchildren from the nearby villages of Cillán, Cabezas de Villar, Fueteadaja de Muñana and La Torre.

Various activities took place at the event, including an educational puppet theatre which revolved around the theme of energy, as well as kite flying and drawing competitions for children. Those attending also had the opportunity of trying out a wind tunnel.

EDP Renewables (EDP Renewables, Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer, celebrated an open day today at El Rincón Wind Farm in San Juan de Olmo, in the province of Avila, to commemorate Global Wind Day.
The celebration brought together more than 120 schoolchildren and their teachers from two rural primary schools in the province of Avila. The schoolchildren travelled from Cillán, Cabezas de Villar, Fuenteadaja de Muñaca and La Torre. The celebrations also saw the attendance of Mayors and Councillors from nearby towns and villages, together with representatives from institutions in Avila and villages close to the wind farm.
The open day was enlivened by a drawing contest for the little ones, an educational puppet theatre which put on a show dealing with the theme of energy and a kite flying competition. Those attending were also able to enjoy trying out a wind tunnel, an air turbine that allows the user to experience the sensation of flying.
João Paulo Costeira, CEO of EDP Renewables Europe had the following to say about the event: “Global Wind Day is of paramount importance for our company. Not only because of what it represents in itself, but also because it allows us to showcase our activity in a fun and educational way to the public in the area where we operate.”

About EDP Renewables (EDPR)
Headquartered in Madrid, Spain, EDP Renewables (Euronext: EDPR), 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. 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).

2014/06/05

The 54 MW facility was started up today. The opening ceremony was attended by EDP Renewables’ local partner in the country, GEO Renewables EDP Renewables, a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer has held the opening ceremony of a new farm in the Polish town of Iłża together with […]

The 54 MW facility was started up today. The opening ceremony was attended by EDP Renewables’ local partner in the country, GEO Renewables

EDP Renewables, a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer has held the opening ceremony of a new farm in the Polish town of Iłża together with local partner GEO Renewables. This is EDP Renewables’ fifth wind farm inauguration in Poland, following those in Margonin (Wielkopolska), Korsze (Warmia and Mazury), Pawlowo (Wielkopolska), and Jędrzychowice Zgorzelec (Dolny Śląsk), the latter also in partnership with GEO Renewables.

The Iłża wind farm operates 27 modern V90 turbines, each with a capacity of 2 MW. The newly-opened facility will contribute to the fulfilment of Poland’s EU commitments for the development of renewable energy sources. This will reinforce the energy security of the country and will help to reduce harmful emissions of CO2, NOX and dust.

This investment has also enabled the improvement of local energy and road infrastructures during the preparatory work for the construction and operation of the wind farm. The presence of this facility will also lead to an upturn in economic activity in the region and provide additional income for local authorities and landowners. The developers of the wind farm, will also be involved in community life by supporting culture, as well as education,

As of the end of 1Q 2014, EDP Renewables’ installed capacity in Poland amounted to 374 MW, making it the leading wind energy producer in the country.

João Paulo Costeira, CEO of EDP Renewables Europe, stated “Poland continues to be one of the key markets in the development of EDP Renewables’ business. We are very pleased with the inauguration of this wind farm, as it contributes to reinforce our strong position in the country.”

Radek Nowak, CEO of GEO Renewables also expressed his enthusiasm with the inauguration of this wind farm: “As a Polish company, we are very pleased to develop this type of energy in the country and see how its acceptance among the population increases.”

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, 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).

About GEO Renewables

GEO Renewables S.A. is a Renewable Energy Group. It leads wind farm projects within Poland, from the development phase through to construction, launch and operation. The company is currently building wind farms in the regions of Silesia and Masovia. GEO is partnered with ENERCAP (Energy Capital Partners), a Private Equity Fund whose shareholders are EBOR – European Bank for Reconstruction and Development – and EBI – European Investment Bank.

2014/05/12

TU ENERGÍA held 50 school days in centres throughout Albacete between February and May 2014 which were attended by 3,862 students EDP Renewables’ programme has been praised by teachers, Mayors and members of the Regional Education Department EDP Renewables (EDP Renováveis, Euronext: EDPR), a leader in the renewable energy sector and the world’s third-largest wind […]

TU ENERGÍA held 50 school days in centres throughout Albacete between February and May 2014 which were attended by 3,862 students

EDP Renewables’ programme has been praised by teachers, Mayors and members of the Regional Education Department

EDP Renewables (EDP Renováveis, Euronext: EDPR), a leader in the renewable energy sector and the world’s third-largest wind energy producer, successfully closed its TU ENERGÍA (YOUR ENERGY) educational programme, which had been taught in the province of Albacete since the beginning of February.

The programme was attended by 3,862 students during 186 sessions divided into 50 days and 24 centres in 14 towns throughout Albacete. Teachers at the centres described the programme as excellent and recognised EDP Renewables as a responsible company with an outstanding social and environmental commitment. The Mayors of the towns involved and members of the Education Department were also pleasantly surprised by the programme and its results among students.

TU ENERGÍA, which focuses its content on renewable energies, developed topics linked with the subjects taught in primary education courses. The programme also included activity books for students and teaching material in every classroom. The working sessions, which used audio-visual aids, “transported” the children on a tour through the world of renewable energies along with characters representing solar, hydraulic, wind, geothermal and biomass energy.

João Paulo Costeira, CEO de EDP Renewables Europe, stated: “We are very pleased with the programme’s approval and the high level of participation. EDP Renewables is fully committed to the future of new generations and will continue to promote this kind of initiatives.”

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 third-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).

About Fundación EDP

Fundación EDP’s mission is to strengthen the commitment of the EDP Group in the geographical spheres in which the group operates, with special emphasis on those social, cultural, environmental and educational areas related to research that spearheads global sustainable development. The initiative described in this press release forms part of the whole series of actions promoted by the Foundation.

 For more information, please visit www.edpenergia.es/institucional/es/fundacion-edp.

2014/05/07

Creation of two companies in Rouen and Nantes 6,000 jobs across France 2018: manufacturing of 8MW AREVA wind turbines to begin in Le Havre 2019: construction of wind farms begins – 2021: output begins Renewable electricity supply for 1.6 million people Fight against climate change Following a national public tender process, the French State has […]

  • Creation of two companies in Rouen and Nantes
  • 6,000 jobs across France
  • 2018: manufacturing of 8MW AREVA wind turbines to begin in Le Havre
  • 2019: construction of wind farms begins 2021: output begins
  • Renewable electricity supply for 1.6 million people
  • Fight against climate change

Following a national public tender process, the French State has selected the group comprising GDF SUEZ, EDP Renewables, Neoen Marine and AREVA to install and operate offshore wind farms in the areas of Tréport (Upper Normandy, 500 MW) and the Isles of Yeu and Noirmoutier (Pays de la Loire, 500 MW).

The partners welcome the decision, which is testament to the quality, competitiveness and scope of the projects as well as the group’s expertise – already involved in 25 offshore wind farms – and the dialogue undertaken with the regions. The success of these bids, presented with local players, supports the emergence of a French offshore wind power sector which will generate activity and jobs throughout the country and lay the foundations for international expansion.

 

Creation of two local companies and thousands of jobs in France

To promote integration and dialogue among all of the partners involved, GDF SUEZ, EDP Renewables and Neoen Marine have incorporated two local companies, one in Rouen (Les Eoliennes en mer de Dieppe-Le Tréport) and another in Nantes (Les Eoliennes en mer de Vendée) and have created a dedicated project team.

The two wind farms will create almost 6,000 direct and indirect jobs. Various local businesses – in the Grand Ouest (Pays de la Loire, Brittany, Upper Normandy, Lower Normandy) and in Picardy and Nord-Pas de Calais – will be involved in the manufacturing and installation of the components for the farms.

The choice of the new AREVA 8MW wind turbine will allow for increased productivity and enhanced performance, with a 40% reduction in the number of turbines and greater compatibility with fishing activity. This wind turbine also offers the advantage of cutting construction time and optimising wind farm maintenance.

 

Next phases

  • 2014-2015: Start of technical and financial studies, as well as site analysis and detailed environmental studies.
  • 2014: Start of R&D work at Areva’s new centre in Rouen (over 100 new jobs)
  • 2015-2017: Gradual selection of suppliers, principally of foundations, electrical sub-stations and installation and maintenance services for the wind farms
  • 2018: Manufacturing of 8MW AREVA wind turbines to begin in Le Havre
  • 2019-2021: Construction of the wind farms in the two areas.
  • 2021: Commissioning. Operation and maintenance shall be undertaken out of the ports of Dieppe and Tréport for the Tréport wind farm and out of the ports of l’Herbaudière and Port-Joinville for the Isles of Yeu and Noirmoutier farm.

 

Communications Department EDPR, Raquel Mendes, comunicacion.edpr@edpr.com, +34 902 830 700

2014/04/30

Madrid, 30th April 2014: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has been awarded by EMEA Finance magazine for the project structure financing agreement executed with the European Bank for Reconstruction and Development (EBRD) for the Pawlowo wind farm project that the company […]

Madrid, 30th April 2014: EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has been awarded by EMEA Finance magazine for the project structure financing agreement executed with the European Bank for Reconstruction and Development (EBRD) for the Pawlowo wind farm project that the company operates in Poland.
The long-term contracted debt facility amounts to 301 million zlotys (€72 million) for the operation that was closed at the end of 2013.
EDP Renewables was also recognised by the magazine EMEA Finance in the same category “Best Sustainability Deal” for the project financing related to the Carnavoda and Pestera wind farms in Romania; and the wind power project in the Polish city of Margonin.
João Pedro Summavielle, Finance Director EDP Renewables stated: “This award once again confirms that our financing strategy is the right one.”
Celma Pires, Finance Director EDP Renewables Europe added: “The market has once again recognised our best practices in an area of vital importance for the development of activities in a company like ours”.
As at the end of 2013, EDP Renewables’ installed capacity in Poland amounted to 370MW and a further 939MW in potential projects and those currently in development.
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR), Headquartered in Madrid, is a global leader in the renewable energy sector and the world’s third-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

2014/04/28

 EDP Renewables (“EDPR”) has established an agreement with Industrias Peñoles, a leading Mexican mining company, for an Electricity Supply Agreement under self-supply regime for the energy produced by a wind farm currently designed for 180 MW, expected to be installed in 2016 by EDPR. The contract is set in USD and for a 25-year period. […]

 EDP Renewables (“EDPR”) has established an agreement with Industrias Peñoles, a leading Mexican mining company, for an Electricity Supply Agreement under self-supply regime for the energy produced by a wind farm currently designed for 180 MW, expected to be installed in 2016 by EDPR. The contract is set in USD and for a 25-year period. The project, located in a region with very strong wind resource in the State of Coahuila in the North of Mexico has an expected load factor above 40%.
This agreement with Industrias Peñoles, a company with solid financial position and creditworthiness, provides EDPR with an attractive and low-risk opportunity to enter the Mexican market in a sizeable and robust way.

EDPR considers that Mexico meets its required criteria for investment and potential future growth, namely due to its attractive renewable resources and low risk profile looking for competitive energy costs with long-term stability.

The success of EDPR on securing new long term energy supply agreements reinforces the low risk profile and provides solid visibility on the company’s growth prospects.

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 third-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 11 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, 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