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2015/06/26

The Preuseville wind farm forms part of the extension of the Pays de Bray wind energy facility, which has a total installed capacity of 35 MW. Paris – Madrid, 26 June 2015: EDP Renewables (Euronext: EDPR), the world’s fourth-largest wind energy producer, celebrates the opening of a new wind farm in France today. The Preuseville […]

The Preuseville wind farm forms part of the extension of the Pays de Bray wind energy facility, which has a total installed capacity of 35 MW.

Paris – Madrid, 26 June 2015: EDP Renewables (Euronext: EDPR), the world’s fourth-largest wind energy producer, celebrates the opening of a new wind farm in France today. The Preuseville wind farm is located in the municipality of the same name (department of Seine-Maritime in the region of Upper Normandy). Its annual output will allow it to supply clean energy to 5,500 people every year.

Following the entry into service of the wind farm in January 2015, Frédéric Lanoë and all his team are delighted to announce the inauguration of the Preuseville wind farm on Friday, 26 June 2015.

Those in attendance at the inaugural ceremony included: Frédéric Lanoë, Managing Director of EDP Renewables France and Belgium and President of France Energie Eolienne, an association of wind energy professionals; Ms. Hurel, a member of the National Assembly of France representing the 6th constituency of the Seine-Maritime department; Ms. Mammeri, regional councillor; and Mr. Vassard, Mayor of Preuseville.

The Preuseville wind farm will avoid the emission of 4,200 tonnes of CO2 per year and supply clean energy to 5,500 people per annum. Since it entered into service, the wind farm has met EDPR’s .

The Preuseville wind farm forms part of the extension of the Pays de Bray wind energy facility, located in the municipalities of Callengeville, Smermesnil and Preuseville, which has fourteen wind turbines and a total installed capacity of 35 MW.

It is also worth pointing out that EDPR France has also invested in the field of off-shore wind energy in Normandy, the industrial sector of tomorrow. EDPR holds a 43% share in the Dieppe le Tréport off-shore wind farm, in conjunction with Engie (formerly GDF Suez) and Neoen Marine. This project will run in tandem with a major industrial plan focused on the city of Havre.

The construction of the Preuseville wind farm brings EDPR France’s total installed capacity in the country to 340 MW, becoming the fifth largest wind energy producer in France.

Frédéric Lanoë said: “The extension of an existing wind farm which has been extremely well received clearly demonstrates that wind farms and local communities can co-exist in perfect harmony. This message was vitally important for the approval of the Energy Transition Law in France. The people of Normandy can count on the technical and economic backing of EDPR France to turn the region into an innovation and employment benchmark, thanks to its onshore wind farms and the company’s 43% share in the off-shore project at Dieppe le Tréport”.

 

2015/06/18

The 11.67 MW wind farm is located in the Languedoc-Roussillon region. The group is France’s fifth largest wind farm operator.

Paris – Madrid, 18 June 2015: EDR Renewables (Euronext: EDPR), the world’s fourth wind energy producer, has opened a new wind farm in France. The Truc de l’Homme wind farm has an installed capacity of 11.67 MW and is located in the towns of Fau de Peyre and La Fage Montivernoux, in Lozère, Languedoc-Roussillon. The wind farm’s annual output is enough to provide power for some 12,500 people, excluding heating.

The inauguration was attended by Frédéric Lanoë, Managing Director of EDP Renewables for France and Belgium and President of France Energie Eolienne, an association of wind energy professionals, Daniel Mantrand, Mayor of Fau de Peyre, and Pierre Noal, Mayor of La Fage Montivernoux.

The Truc de l’Homme wind farm has met EDPR’s expectations since becoming operational, which guarantees optimal operating conditions for the region.
EDPR has been operating in France since 2001 and its total capacity in the country stands at 340 MW, generated by almost 200 wind turbines. The projects in the south of France are managed from the offices at Millau (Aveyron) and the head office of the subsidiary is located in Paris. This places it among the five largest players in the French wind power sector by onshore installed capacity.

Frédéric Lanoë stated: “This project is an example of the dynamism of Lozère and marks the start of the road towards the 21st Conference of the Parties on the United Nations Framework Convention on Climate Change 2015 (COP21) being held in Paris in a few months’ time, which will be of vital importance for our planet. Unfortunately, the last thirteen years reflect the obstacles which have hindered the modernisation of our country and which should encourage the government to develop wind energy projects in France pursuant to the draft Energy Transition Bill in France”.

Opening ceremony takes place for an 18 MW wind farm located in the Polish town of Radziejów.

Madrid, 18 June 2015: EDP Renewables, a leader in Poland’s renewable energy sector and the world’s fourth largest wind energy producer, recently held the opening ceremony for a new wind farm in the Polish town of Radziejów.

The facility has a total production capacity of 18 MW thanks to its 12 modern 1.5 MW AW-82 turbines, and spans the towns of Stary Radziejów and Stary Radziejów Wieś.

This latest project by EDP Renewables will help Poland meet the EU’s renewable energy targets, according to which 20 percent of all electricity is to be generated through renewable sources by 2020. The Radziejów wind farm will also reinforce the country’s energy security and help to reduce harmful emissions of CO2, NOx and dust.

This is EDP Renewables’ seventh wind farm in Poland, following the inauguration of facilities in Margonin (Greater Poland), Korsze (Warmia-Masuria province), Pawlowo (Greater Poland), and Jędrzychowice, Zgorzelec (Lower Silesia), and Iłża (Mazovia province). EDPR’s total installed capacity in Poland now stands at 392 MW.

João Paulo Costeira, CEO of EDP Renewables Europe, said: “Our company manages over 9 GW of installed capacity around the world. Poland is one of our most important markets, so we are delighted that this investment has been successfully implemented.”

As well as generating clean, green energy, the Radziejow wind farm will also contribute to an improvement in local energy and road infrastructure through the preparatory work for its construction and operation. 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. EDP Renewables will also support the local community by participating in the organisation and backing of cultural, educational and sports initiatives.

GlobalWindDay_site
2015/06/12

Institutions from Cádiz and towns surrounding the wind farm attended the event, together with families and schoolchildren from Vejer de la Frontera.

Institutions from Cádiz and towns surrounding the wind farm attended the event, together with families and schoolchildren from Vejer de la Frontera. Various activities took place at the event, including a magic show which revolved around the theme of energy, as well as kite flying and drawing competitions for children.

The event brought together various local authorities, such as José Manuel Miranda from the Regional Ministry of the Economy, Innovation, Science and Employment of the Regional Government of Andalusia in Cádiz, and the Mayor of Vejer de la Frontera, José Ortiz, together with 200 local schoolchildren. The open day was enlivened by a drawing contest for the little ones, theatre performances, a magic show which revolved around the theme of energy and a children’s kite flying competition, among other activities.

The representative from the Regional Ministry of the Economy, Innovation, Science and Employment in Cádiz, José Manuel Miranda, stated: “Energy is an essential component for social and economic development. For several years now, the Regional Government of Andalusia has been committed to a new sustainable energy model based on efficient consumption and the use of renewable energies in Andalusia, allowing the diversification of the energy mix and minimising the emission of greenhouse gases. In fact, wind power generated by facilities in the province of Cádiz avoid the emission of almost one million tonnes of carbon dioxide into the atmosphere”. As regards the event, João Paulo Costeira, CEO of EDP Renewables Europe stated: “Thanks to open days like this one, we are able to showcase our activity in a fun and educational way to the public where we operate. Global Wind Day is key in itself for what it represents and for its support of initiatives like this one”.

 

GWD_intranet

 

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