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EDP Renováveis ( en, EDP Renewables, EDPR) is a leading
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. In July 2021, EDPR sold three operational wind parks and two plants currently under construction to Onex for EUR 530 million, and bought a 28-MW solar plant in EDPR enters Vietnam with 28-MW solar buy
''Renewablesnow.com'', 1 July 2021
renewable energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...
company registered in Oviedo
Oviedo (; ast, Uviéu ) is the capital city of the Principality of Asturias in northern Spain and the administrative and commercial centre of the region. It is also the name of the municipality that contains the city. Oviedo is located ap ...
and headquartered in Madrid
Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and ...
that designs, develops, manages and operates power plants that generate electricity using renewable energy sources.
EDPR was established in 2007 to hold and operate the growing renewable energy assets of parent company Energias de Portugal
EDP - Energias de Portugal (formerly Electricidade de Portugal) is a Portuguese electric utilities company, headquartered in Lisbon. It was founded in 1976 through the merger of 14 nationalised electricity companies.
History
EDP was founded as '' ...
(EDP Group), Portugal's largest utility company headquartered in Lisbon
Lisbon (; pt, Lisboa ) is the capital and largest city of Portugal, with an estimated population of 544,851 within its administrative limits in an area of 100.05 km2. Grande Lisboa, Lisbon's urban area extends beyond the city's administr ...
. EDP Renováveis is the fourth-largest generator of wind energy
Wind power or wind energy is mostly the use of wind turbines to electricity generation, generate electricity. Wind power is a popular, sustainable energy, sustainable, renewable energy source that has a much smaller Environmental impact of wi ...
globally.
EDPR's business includes wind farms
Wind is the natural movement of air or other gases relative to a planet's surface. Winds occur on a range of scales, from thunderstorm flows lasting tens of minutes, to local breezes generated by heating of land surfaces and lasting a few hou ...
and, to a limited extent, solar energy activities. 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.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 aninitial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
on Euronext Lisbon
Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange.
Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exc ...
in June 2008 at 8.00 Euro per share, upon which it immediately became a member of the benchmark PSI-20
The PSI-20 (an acronym of Portuguese Stock Index) is a benchmark stock market index of companies that trade on Euronext Lisbon, the main stock exchange of Portugal. The index tracks the prices of the twenty listings with the largest market cap ...
index as its fifth-largest company by market capitalisation
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
.
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
A squeeze-out or squeezeout, sometimes synonymous with '' freeze-out'', is the compulsory sale of the shares of minority shareholders of a joint-stock company for which they receive a fair cash compensation.
This technique allows one or more share ...
).
Growth
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. In July 2021, EDPR sold three operational wind parks and two plants currently under construction to Onex for EUR 530 million, and bought a 28-MW solar plant in Vietnam
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...
.''Renewablesnow.com'', 1 July 2021
See also
*Iberdrola Renovables
Iberdrola Renovables was a subsidiary of Iberdrola, headquartered in Valencia, Spain, which included companies in the domains of renewable energy, particularly wind power. The firm was the world's largest renewable energy firm: it was the worl ...
References
External links
* {{DEFAULTSORT:EDP Renovaveis Renewable energy companies of Spain Electric power companies of Spain Electric power companies of Portugal Renewable energy companies of Europe Renewable energy in Portugal Solar power in Portugal Wind power companies Companies based in the Community of Madrid Spanish companies established in 2007 Energy companies established in 2007 Renewable resource companies established in 2007 Spanish subsidiaries of foreign companies