EDP Renováveis

EDP Renováveis (English: EDP Renewables, EDPR) is a leading renewable energy company registered in Oviedo and headquartered in Madrid that designs, develops, manages and operates power plants that generate electricity using renewable energy sources.

EDP Renováveis, S.A.
Sociedade Anónima
Traded asEuronext: EDPR
ISINES0127797019 
IndustryRenewable energy
Founded2007 (as separate company)
HeadquartersMadrid, Spain
Key people
ProductsWind energy
Revenue€1.697 billion (2018)[1]
€754 million (2018)[1]
€313 million (2018)[1]
Total assets€17.539 billion (end 2018)[1]
Total equity€8.122 billion (end 2018)[1]
Number of employees
1,388 (end 2018)[1]
ParentEnergias de Portugal
SubsidiariesEDP Renewables North America
Websitewww.edpr.com

EDPR was established in 2007 to hold and operate the growing renewable energy assets of parent company Energias de Portugal (EDP Group), Portugal's largest utility company headquartered in Lisbon. EDP Renováveis is the fourth-largest generator of wind energy globally.[2]

EDPR's business includes wind farms and, to a limited extent, solar energy activities.[3] EDPR has continued to grow in recent years and is now present in 13 international markets (Brazil, Canada, Mexico, United States, Spain, Portugal, France, United Kingdom, Poland, Italy, Romania, Belgium and Greece).

Geography

EDPR operates in three broad geographic areas: Europe, North America and South America. Its internal composition is organized similarly, being divided into three platforms: Europe and Brazil, North America (including the Canadian and Mexican markets) and Offshore.

It currently owns and operates wind farms in Brazil, Canada, Mexico, United States, Spain, Portugal, France, United Kingdom, Poland, Italy, Romania, Belgium and Greece.[3]

Ownership

EDPR's main shareholder is EDP Group. EDP holds significant electricity and gas operations in Europe, Brazil and the United States through its various constituent businesses.

EDP listed 22.5% of the company in an initial public offering on Euronext Lisbon in June 2008 at 8.00 Euro per share,[4] upon which it immediately became a member of the benchmark PSI-20 index as its fifth-largest company by market capitalisation.[5]

In spring 2017, EDP launched a buyback offer at 6,80 Euro per share for the minority shares in EDPR, 15% below the original price 9 years earlier, expected to lead to an enforced acquisition of the remaining minority shareholders (squeeze-out).[6]

Growth
EDPR's Wild Horse Wind Farm in Kittitas County, Washington, United States

Today EDPR is 4th in the world in wind energy based on net installed capacity and is consistently ranked in the top three in terms of growth in the sector.

At the end of 2018, EDPR had added 11.7 GW of installed wind capacity, putting it in fourth place in terms of wind energy production worldwide.[1]

See also

References
  1. "Annual Report 2018" (PDF). EDP Renováveis. Retrieved 23 February 2020.
  2. "Archived copy". Archived from the original on 2011-10-08. Retrieved 2011-08-10.CS1 maint: archived copy as title (link)
  3. "Annual Report 2010". EDP Renováveis. Archived from the original on 22 May 2011. Retrieved 20 July 2011.
  4. Bugge, Axel; Goncalves, Sergio (2 June 2008). "EDP prices renewables IPO at 8 euros each". Reuters. Retrieved 2008-08-16.
  5. "EDP Renovaveis to enter PSI 20 as fifth largest stock by market cap". AFX News. Forbes. 2 June 2008. Archived from the original on 2011-06-04. Retrieved 2008-08-16.
  6. http://www.windpowermonthly.com/article/1429171/edp-launches-buy-back-offer-its-renewables-subsidiary EDP launches buy-back offer for its renewables subsidiary
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