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EDP Renovaveis SA (EDPR.LS)

EDPR.LS on Lisbon Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Engie and EDPR bidding in third offshore wind call for tenders in Dunkirk, France
Monday, 6 Mar 2017 06:45am EST 

Engie SA : Engie SA and EDP Renovaveis SA (EDPR) are bidding in the third offshore wind call for tenders in Dunkirk, France .Engie and EDPR intend to establish a wind farm offering capacity of 250 to 750 megawatts (MW), off the coast of Dunkirk.  Full Article

Portugal's EDPR sees around 10 pct EBITDA growth this year
Tuesday, 28 Feb 2017 08:47am EST 

Portugal's wind energy company EDP Renovaveis Sa says in a presentation of 2016 results: Sees 2017 EBITDA around 10 percent higher than in 2016 . Expects 2017 retained cash flow growth at 10-15 percent this year. . Sees electricity selling price around 58 euros per MWh. .Says its confirmed pipeline of projects for 2017-19 totals 1.5 GW, including 248 MW already under construction..  Full Article

EDP Renovaveis sells 49 pct stake in wind asset portfolio for 242 mln euros
Tuesday, 28 Feb 2017 05:30am EST 

EDP Renovaveis SA : Said on Monday it reached an agreement with ACE Fund II LP, a unit of China Three Gorges (CTG), to sell 49 pct of equity shareholding and shareholder loans in a portfolio of wind assets for 242 million euros ($256.1 million) . The transaction scope covers 422 MW of wind technology, located in Portugal, with an average age of 6 years . Based on the transaction price, the total implied enterprise value for 100 percent of assets amounts to 707 million euros (494 million euros of equity value and shareholder loans and 213 million euros of external debt) .The implied enterprise value of the transaction amounts to 1.7 million euros per MW.  Full Article

EDP renovaveis FY net profit down 66 pct YoY
Tuesday, 28 Feb 2017 02:45am EST 

EDP Renovaveis SA : FY net profit 56.3 million euros ($59.6 million) versus 166.6 million euros year ago . FY revenue 1.65 billion euros versus 1.55 billion euros year ago . FY EBITDA 1.17 billion euros versus 1.14 billion euros year ago . Net debt 2.76 billion euros at end-Dec. 2016 versus 3.71 billion euros at end-Dec. 2015 . The board will propose to ASM dividend distribution of 0.05 euro/share .As of 2017 to apply 30-years depreciation schedule versus 25 years in 2016, which will have an impact of 65-70 million euros at bottom-line.  Full Article

EDP Renovaveis wins 127 MW long-term wind energy contracts in Italy
Friday, 23 Dec 2016 02:58am EST 

Edp Renovaveis SA : Says it was awarded 20-year long term contracts to sell electricity to be produced by six wind farms with a total capacity of 127 MW at the Italian wind auction . Says wind farm projects are located in the South of Italy and installation is expected to occur in 2018 . Says awarded price was set at 66 euros per MWh; if the market price is lower than the awarded price, the difference will be paid by Gestore dei Servizi Energetici .Says it has already secured more than 65 pct of 3.5 GW of global target capacity additions for 2016-2020.  Full Article

EDP Renovaveis unit secures $342 mln in tax equity financing
Monday, 26 Sep 2016 12:39pm EDT 

Edp Renovaveis SA : Says its unit EDP Renewables North America LLC secures $342 million in tax equity financing from two financial institutions in the US . Says financing in exchange for an interest in the 250 MW Hidalgo wind farm project and for an interest in the 78 MW Jericho Rise wind project .Says funding to take place close to start of operations of both projects, which is scheduled for Q4 of 2016.  Full Article

EDP Renovaveis wins 200 MW deal in Iowa, US
Thursday, 28 Jul 2016 02:17am EDT 

EDP Renovaveis SA : Says wins deal to provide 200 MW wind energy in Iowa, United States for 15 years .Says to launch project in Iowa in 2018.  Full Article

EDP Renovaveis H1 net profit 58.8 mln euros, below analysts' forecast
Tuesday, 26 Jul 2016 01:51am EDT 

EDP Renovaveis SA : H1 net profit 58.8 million euros ($64.8 million) versus average analysts forecast of 71 million euros . H1 revenue 888.9 million euros versus 772.9 million euros year ago .H1 EBITDA 648.2 million euros versus average analysts forecast of 647 million euros.  Full Article

EDP Renovaveis H1 energy production up 23 percent yoy
Tuesday, 12 Jul 2016 01:14pm EDT 

Edp Renovaveis SA : H1 clean energy production up 23 percent at 13,314 GWh yoy . In H1 reaches 33 percent load factor versus 31 percent year ago . H1 generation in Europe up 23 percent at 6,358 GWh yoy . H1 output in Brazil up 118 percent at 205 GWh yoy .H1 production in North America up 21 pct at 6,750 GWh yoy.  Full Article

EDP Renovaveis SA to divest wind assets in Europe worth 550 mln euros
Tuesday, 19 Apr 2016 12:01pm EDT 

EDP Renovaveis SA:To sell to Vortex, a fund led by EFG Hermes, a portfolio of 664 MW of installed onshore wind power capacity in Spain, Portugal, Belguim and France for 550 million euros.Says transaction is expected to be completed in Q2 2016 and is part of asset rotation strategy.Says proceeds of this transaction will be reinvested in new growth opportunities.  Full Article

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UPDATE 1-Portugal's EDP Renovaveis forecasts pick-up in earnings growth

* Sees EBITDA up 10 pct this year, cash flow up 10-15 pct (Adds view of U.S. market under Trump administration)