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    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
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EDP Energias de Portugal S A : secures 25-year PPA for a 200 MWac solar project in the US

07/27/2021 | 12:20pm EDT
EDP secures 25-year PPA for a 200 MWac solar project in the US
Tuesday27, July 2021

EDP secures 25-year PPA for a 200 MWac solar project in the US

Lisbon, July 27th, 2021: EDP - Energias de Portugal, S.A. ('EDP'), through its 74.98% owned subsidiary EDP Renováveis, S.A. ('EDPR'), has secured a 25-year Power Purchase Agreement ('PPA') to sell the green energy produced by a 200 MWac solar project in the US.

The solar project is located in Arizona and is expected to enter in operation in 2023.

EDP continues improving its technological diversification and has now 2.5 GW of solar capacity secured to install until 2023, which on top of the 0.6 GW already in operation, provides visibility on 3.1 GW of solar capacity by 2023.

EDP'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.

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.

EDP - Energias de Portugal. S.A.

Disclaimer

EDP - Energias de Portugal SA published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 16:19:06 UTC.


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Financials
Sales 2021 12 789 M 14 938 M 14 938 M
Net income 2021 850 M 992 M 992 M
Net Debt 2021 12 345 M 14 419 M 14 419 M
P/E ratio 2021 21,5x
Yield 2021 4,15%
Capitalization 18 356 M 21 479 M 21 439 M
EV / Sales 2021 2,40x
EV / Sales 2022 2,31x
Nbr of Employees 12 124
Free-Float 67,6%
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Mean consensus BUY
Number of Analysts 22
Last Close Price 4,65 €
Average target price 5,71 €
Spread / Average Target 22,8%
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Managers and Directors
Miguel Stilwell de Andrade Chief Executive Officer, CFO & Executive Director
LuÝs Filipe Marques Amado Chairman-Supervisory Board
Rita Sousa Head-Compliance
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
Fernando Maria Masaveu Herrero Member-Supervisory Board
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