EDPR's renewable power output increases 14% y/y in Q1 2022

Wind farm in Poland. Image by: EDP Renewables.

April 20 (Renewables Now) - EDP Renovaveis SA (ELI:EDPR) saw the output of its renewable power plants increase by 14% year-on-year to 9.2 TWh in the first quarter of 2022.

According to the report released by the company on Tuesday, the growth came because of higher installed capacity and stable resources in Europe, North America and Brazil.

Among the company's markets, the most significant increase was registered in Canada, where EDPR's generation was up by 283%. Brazil and the US followed with annual growth of 122% and 11%, respectively.

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

Country Q1 2022 Q1 2021 Y/Y variation
Spain 1,407 1,549 -9%
Portugal 766 863 -11%
Rest of Europe 1,355 932 45%
US 4,841 4,342 11%
Canada 105 28 283%
Mexico 200 182 10%
Brazil 496 224 122%

As of March 2022, EDPR managed a total renewables portfolio of 14 GW, with Europe and North America accounting for 41% and 50%, respectively. The firm currently has 2.4 GW of new capacity under construction.

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