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This award was granted by Great Place to Work® in the category of companies with fewer than 50 employees EDP Renewables (EDP Renováveis, Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, today announced that Great Place to Work® has named EDP Renewables Scotland one of the [...]
This award was granted by Great Place to Work® in the category of companies with fewer than 50 employees
EDP Renewables (EDP Renováveis, Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, today announced that Great Place to Work® has named EDP Renewables Scotland one of the best places to work in 2013.
EDP Renewables Scotland received this award in the category of companies with under 50 employees, having made its working environment a truly great workplace. The company was evaluated based on a study of organisational culture which analysed, among other variables, equal opportunities, flexibility, integrity and working environment.
João Manso Neto, CEO of EDP Renewables, said: “This is a very significant achievement for the company. Our company has been recognised in various markets with awards of this kind; EDPR Poland and EDPR Spain have both recently been granted awards from Great Place to Work®”.
In Poland, the company received the accolade in the same category as in Scotland, whilst in Spain, for the second year running, EDP Renewables was awarded in the category of companies with between 250 and 500 employees.
Revenues increased by 20% to 415 million Euros EDP Renewables (EDP Renováveis, Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, today announced that in 1Q 2013 electricity output increased by 10% YoY to 5.8 TWh, as a result of the capacity growth over the last 12 [...]
Revenues increased by 20% to 415 million Euros
EDP Renewables (EDP Renováveis, Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, today announced that in 1Q 2013 electricity output increased by 10% YoY to 5.8 TWh, as a result of the capacity growth over the last 12 months (+579 MW) along with the increase in the average load factor to 36%, one of the highest in the industry. EDPR reached 8.1 GW of installed capacity during the first quarter of the year due to the increase of 76 MW during the period. The results show an outstanding operating performance.
1Q 2013 revenues increased 20% to €415 million, outpacing volume growth thanks to both increased capacity and a 10% progression in average selling prices. EBITDA grew 24% YoY to € 327 million, which resulted in a 79% EBITDA margin, up by 3 percentage points. EBIT increased 40% YoY to €209 million as a result of the EBITDA performance and the 3% increase in assets’ net depreciation and amortization.
Adjusted net profit in the period increased 39% YoY to € 89 million, reflecting the solid performance at the operating level.
Operational cash flow grew 12% YoY to €227 million in 1Q 2013, which more than covered €38 million of Capex.
During 2013 the company plans to continue to excel in operations of current portfolio and focus on regulatory management. Selective growth will focus into valuable opportunities and the most attractive countries.
Award granted by Great Place to Work® in the category for companies with between 250 and 500 employees EDP Renewables (Euronext:EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, today announced that Great Place to Work® has named EDP Renewables Spain one of the best places to work [...]
Award granted by Great Place to Work® in the category for companies with between 250 and 500 employees
EDP Renewables (Euronext:EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, today announced that Great Place to Work® has named EDP Renewables Spain one of the best places to work in 2013.
As such, EDP Renewables Spain has consolidated its position as one of the 50 best places to work in the category of 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, EDP Renewables Spain received one of the top scores among Spanish companies.
The company was also given this accolade in Spain in 2012, and EDP Renewables Poland received the same award in March, ranking in first place in the category of companies with fewer than 50 employees.
João Manso Neto, CEO of EDP Renewables, said: “It is with great pride that we accept this recognition from Great Place to Work®. For EDP Renewables it is crucial that our employees are happy in their place of work, which in turn contributes to the strong performance of the company.”
He added: “One of the keys to our successful track record and history is without a doubt our team of professionals, in whom we instil the utmost standards of professionalism.”
The FTSE4Good is a stock market index that aggregates top performing companies for their sustainability and corporate social responsibility practices. EDPR ranked number one among utility companies. EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has been ranked as the number one utility company [...]
The FTSE4Good is a stock market index that aggregates top performing companies for their sustainability and corporate social responsibility practices. EDPR ranked number one among utility companies.
EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has been ranked as the number one utility company worldwide in the FTSE4Good index.
EDPR joined the FTSE4Good index in the September 2011 review and since then has renewed its position every 6 months, finally reaching the top of the Utilities super-sector in the March 2013 review.
In the evaluation process, more than 2,300 companies are considered and less than 50% are included in the index. The evaluation takes into consideration the impact/risk that the company may have for each one of six criteria in the environmental, social and governance areas.
EDPR received the highest ranking in the “Climate Change” and “Environmental Management” categories. It is also worth highlighting that EDPR achieved the highest possible ranking in “Countering Bribery”.
This achievement is a reflection of the company’s commitment to reaching its sustainability objectives and sets new goals for the company to continue improving its practices in this area.
The award highlights companies who have made their business environment a truly enjoyable workplace. Great Place to Work® has recently named EDP Renewables Poland the best place to work in 2013. The award granted was in the category of companies with fewer than 50 employees. Following a study of organizational culture which analyzed equal opportunities, [...]
The award highlights companies who have made their business environment a truly enjoyable workplace.
Great Place to Work® has recently named EDP Renewables Poland the best place to work in 2013. The award granted was in the category of companies with fewer than 50 employees.
Following a study of organizational culture which analyzed equal opportunities, flexibility, integrity and working environment, among other variables, the company was awarded the top score in the Central European country.
In response to the award, EDPR CEO João Manso Neto stated, “This is an extremely important achievement for the company, which has been operating in Poland since 2007. EDP Renewables puts its human capital above all else; we believe that having the best professionals and a pleasant working environment is key to the company’s positive performance”.
This is an excellent result taking into account that 2/3 of the evaluation was based on an external survey (Trust Index) sent to all employees and 1/3 on a culture audit. To the question of What makes EDPR Polska a Great Place to Work, the employees’ comments were related to working conditions (environmental/atmosphere/colleagues), interest in the business (helps expand and develop the Polish economy); development opportunities (training) as well as good benefits (medical health insurance, social package).
“This is not the first award of its kind that we have received, and that motivates us even more to continue to advance in the same direction.” added Manso Neto.
Institutional Investors once again placed EDPR in high standing on its rankings. EDPR was ranked first place on all levels in the Utilities, Renewable Energy category and second place on its list of Most Honorable Companies in Europe. Published today, the rankings evaluate the performance of Investor Relations in Europe. EDPR received eight awards in [...]
Institutional Investors once again placed EDPR in high standing on its rankings.
EDPR was ranked first place on all levels in the Utilities, Renewable Energy category and second place on its list of Most Honorable Companies in Europe.
Published today, the rankings evaluate the performance of Investor Relations in Europe. EDPR received eight awards in total including:
- Best CEO: buy-side (investors) and sell side (analysts)
- Best CFO: buy-side (investors) and sell side (analysts)
- Best IR Professional: buy-side (investors) and sell side (analysts)
- Best IR Companies: buy-side (investors) and sell side (analysts)
EDPR´s parent company EDP Group also received an important recognition this year. Antonio Mexia, CEO of EDP Group, was recognized as Best CEO. This is a great achievement for EDPR and EDP to be both rewarded for their outstanding accomplishments.
In the past, Institutional Investors has also recognized EDPR´s investor relations strategy as one of the best among renewable energy companies and CFO Rui Texeira as best CFO in the sector. The publishing group has recognized IR Director Rui Antunes as best at his job amongst renewable energy companies for four consecutive years. EDPR Investor Relations´ continuous recognition demonstrates the department’s distinctive effort and hard work.
http://www.institutionalinvestor.com/Research/4169/Most-Honored-Companies.html
First dividend pay-out proposed
EDP Renewables (EDP Renováveis, Euronext: EDPR), the world’s third-largest wind energy producer, today announced that in 2012 electricity output increased by 10% to 18.4TWh. Over the last 12 months, the company increased its installed capacity by 504 MWto a total of 8.0 GW.
For 2012,EDPR was able to maintain system-wide load factors of 29%, one of the highest in the industry, underlining the portfolio’s superior profitability. By geographical markets, load factors reached 26% in Europe, 33% in the USA and 31% in Brazil.
FY 2012 revenues rose 20% to €1,285 million, based on a strong electricity output increase (10% YoY) and stronger selling prices(+10% YoY).
EBITDA grew 17%, reaching 938 million Euros for 2012,in line with strong operating growth, witanEBITDA margin of 73%. EBIT figures show a high growth of 30% to reach 450 million Euros, reflecting top-line performance.
Adjusted net profit for the FY 2012 was €134.2 million, up 32% on 2011, and EDPR is proposing the first dividend pay-out of 28% over reported consolidated net profit or €0.04 per share.
Operational cash flow of €666million in FY 2012, representing 71% of 2012 EBITDA,which showcasesEDPR’s capability to convert financial results into cash generation and its ability to fund growth from cash, which for the first time exceeds annual capex (€612million). Free cash flow was positive for the first time at €33 million.
At end 2012EDPR’s debt structure was 92% fixed, with almost 80% of debt maturing after 2018, matching the company’s business model with its cash flow profile.
EDPR will continue to focus on projects with top-line visibility, above-average prices and high wind resources, applying a selective growth strategy to improve portfolio metrics.
EDPR targets to add around 0.5GW of generating power in 2013in top quality projects, with ongoing growth in Poland, Romania and Portugal and new capacity projected in France, Italy and Canada.
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).
During his visit, accompanied by the company’s CEO, João Manso Neto, Mr Torre visited the Control Centre and attended the virtual commissioning of the Carondio wind farm.
During his visit, accompanied by the company’s CEO, João Manso Neto, Mr Torre visited the Control Centre and attended the virtual commissioning of the Carondio wind farm
The Asturian Regional Minister of Industry and Employment, Graciano Torre, visited the offices of EDP Renewables («EDPR») in Oviedo today, accompanied by João Manso Neto, the company’s CEO. The event was also attended by the Head of the Asturian Regional Department for Energy and Mining, Isaac Pola Alonso; Manuel Menéndez, Chairman of HC Energía and João Paulo Costeira, COO of EDP Renewables for Europe.
The EDPR offices in Oviedo house the company’s Control Centre which, along with its counterparts in Porto and Houston, controls and manages all EDPR wind farms. EDPR currently has operates over 7,500 MW. The Control Centre also allows the company to remotely monitor each individual wind turbine, as well as the sub-stations that supply power to the various distribution grids.
Many of EDPR’s Support Areas– where the data obtained is handled and analysed – are located alongside the Control Centre.
During the visit, the Carondio wind farm, which is the largest in Asturias and is located in the municipalities of Allande and Villayón, was virtually commissioned. The Carondio wind farm has installed capacity of 50MW thanks to 25 G80 wind turbines of 2MW each.
With the addition of this wind farm, EDP Renewables now has installed capacity of 214.3MW in Asturias, which makes the company the absolute leader in the Spanish region with a 40% market share.
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).
Last Saturday, the Spanish Government published in the Official State Gazette the Royal Decree-Law 2/2013 (“RDL 2/2013”) that encompasses a set of regulatory modifications applicable to the Spanish electricity sector and affecting the wind energy assets. The main regulatory modifications that the RDL 2/2013 envisages vis-à-vis the Royal Decree 661/2007 with an impact on EDP [...]
Last Saturday, the Spanish Government published in the Official State Gazette the Royal Decree-Law 2/2013 (“RDL 2/2013”) that encompasses a set of regulatory modifications applicable to the Spanish electricity sector and affecting the wind energy assets.
The main regulatory modifications that the RDL 2/2013 envisages vis-à-vis the Royal Decree 661/2007 with an impact on EDP Renováveis S.A. (“EDPR”) effective from January 1st 2013, are as follows:
- All the energy production facilities operating under the special regime are to be remunerated according with the current feed-in tariff schemes for the remaining useful life of the asset.
- The operators of the facilities under the special regime currently operating under the market option have the option to select, until February 15th 2013 and permanent for the remaining useful life of the asset, a remuneration based on the electricity wholesale market price without the renewable energy premium, the cap or the floor.
- The index used to annually update all the regulated activities in the electricity sector will be the annual inflation excluding energy products and food prices, and any impact of tax changes.
As of Sep-2012, EDPR had 2,284 MW of wind energy installed capacity in Spain, representing 29% of EDPR’s global installed capacity.
EDP Renováveis, S.A. (“EDPR”), through its subsidiary EDP Renewables Italy, SRL (“EDPR Italy”), has secured a 20-year feed-in-tariff for 40 MW of wind capacity at the new renewable energy auction in Italy, which results were announced yesterday by the Gestore Servizi Energetici (“GSE”). EDPR projects are located in the Puglia and Basilicata regions and have [...]
EDP Renováveis, S.A. (“EDPR”), through its subsidiary EDP Renewables Italy, SRL (“EDPR Italy”), has secured a 20-year feed-in-tariff for 40 MW of wind capacity at the new renewable energy auction in Italy, which results were announced yesterday by the Gestore Servizi Energetici (“GSE”). EDPR projects are located in the Puglia and Basilicata regions and have an expected average load factor of 29%.
EDPR’s participation in the new Italian renewable energy auctions has been anticipated during the company’s May 2012 Investor Day and the successful outcome in this first auction will enable the company to double its capacity in a market with a low risk remuneration scheme.