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    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
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EDP Energias de Portugal S A : secures a 15-year PPA for a 297 MW wind project in Canada

09/20/2021 | 04:32pm EDT
EDP secures a 15-year PPA for a 297 MW wind project in Canada
Monday20, September 2021

EDP secures a 15-year PPA for a 297 MW wind project in Canada

Lisbon, September 20th, 2021:EDP - Energias de Portugal, S.A. ("EDP"), through its 74.98% owned subsidiary EDP Renováveis, S.A. ("EDPR"), has secured a 15-year Power Purchase Agreement ("PPA") with TransCanada Energy Ltd. ("TC Energy") to sell the green energy produced by the 297 MW Sharp Hills wind farm in Canada, avoiding estimated annual emissions of approximately 700 thousand tons of CO2.

The Sharp Hills wind farm is located in Alberta and is expected to enter in operation in 2023.

With this new agreement, EDP has now 0.4 GW of capacity secured in Canada set to enter in operation from 2021 onwards.

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 20 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2021 20:31:04 UTC.


© Publicnow 2021
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Sales 2021 12 891 M 15 009 M 15 009 M
Net income 2021 839 M 977 M 977 M
Net Debt 2021 12 384 M 14 419 M 14 419 M
P/E ratio 2021 23,0x
Yield 2021 3,91%
Capitalization 19 445 M 22 619 M 22 640 M
EV / Sales 2021 2,47x
EV / Sales 2022 2,37x
Nbr of Employees 12 124
Free-Float 69,1%
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EDP - Energias de Portugal, S.A. Technical Analysis Chart | EDP | PTEDP0AM0009 | MarketScreener
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Mean consensus BUY
Number of Analysts 23
Last Close Price 4,93 €
Average target price 5,74 €
Spread / Average Target 16,5%
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Miguel Stilwell de Andrade Chief Executive Officer, CFO & Executive Director
Luís 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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