EDPR's 9-mo renewable production downs 7% y/y

EDPR's Margonin wind farm in Poland. Source: EDPR. Licence: All rights reserved.

October 12 (Renewables Now) - EDP Renovaveis SA's (ELI:EDPR) total renewable power generation in the first nine months of 2020 decreased by 7% year-on-year to 20.4 TWh.

According to the report released by the company last week, the decline came because of lower installed capacity following the execution of EDPR’s deconsolidation plans. The company has sold 997 MW in Europe and 137 MW in Brazil in the last year.

Among the firm's markets, the most significant decrease was registered in Brazil, where EDPR's generation was down by 38% to 785 GWh. The US and Canada were the only markets to show growth.

Further details on EDPR's global generation, in GWh, are available in the table below.

Country H1 2020 H1 2019 Y/Y variation
Spain 3,088 3,902 -21%
Portugal 1,808 2,187 -17%
Rest of Europe 2,271 2,488 -9%
US 11,803 11,443 3%
Canada 55 51 7%
Mexico 545 564 -3%
Brazil 785 1,258 -38%

As of September 2020, EDPR managed a total renewables portfolio of 11.5 GW, of which 4.7 GW in Europe and the remainder in the Americas. The firm currently has 2.2 GW of new capacity under construction.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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