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4-Traders Homepage  >  Equities  >  Euronext Lisbonne  >  EDP Renováveis    EDPR   ES0127797019

EDP RENOVÁVEIS (EDPR)
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EDP Renováveis : EDPR secures 50 MW PPA for a new wind farm in Texas, US

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05/17/2018 | 08:39am CEST

Madrid, May 17th, 2018: EDP Renováveis, SA ('EDPR'), through its fully owned subsidiary EDP Renewables North America LLC, secured a 15-year Power Purchase Agreement ('PPA') with a Commercial and Industrial ('C&I') entity to sell the energy produced from its 50 MW Hidalgo II wind farm project.

Hidalgo II wind farm, located in the state of Texas, US, is contiguous with EDPR's operational 250 MW Hidalgo wind farm. Hidalgo II wind farm is expected to start operations in 2019.

EDPR has already secured more than 1.6 GW of wind energy long-term agreements in the US for projects to be installed in 2016-2020.

With this new arrangement, EDPR has now contracted more than 90% of the 3.5 GW targeted global capacity additions for 2016-2020 period, as announced at EDP Group Capital Markets Day in May 2016.

EDPR's success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.

EDP Renováveis, S.A.

Disclaimer

EDP Renovaveis SA published this content on 17 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 May 2018 06:38:02 UTC

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Financials (€)
Sales 2018 1 858 M
EBIT 2018 791 M
Net income 2018 226 M
Debt 2018 3 895 M
Yield 2018 0,77%
P/E ratio 2018 34,56
P/E ratio 2019 30,08
EV / Sales 2018 6,29x
EV / Sales 2019 5,92x
Capitalization 7 790 M
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Mean consensus HOLD
Number of Analysts 17
Average target price 8,17 €
Spread / Average Target -8,5%
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NameTitle
João Manuel Manso Neto Vice Chairman & Chief Executive Officer
António Luís Guerra Nunes Mexia Chairman
João Paulo Nogueira de Sousa Costeira COO-Offshore, Director & Chief Development Officer
Nuno María Pestana de Almeida Alves Director
Manuel Menéndez Menéndez Non-Executive Director
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