EDP Renovaveis : 2023 affected by lower resources, declining prices and impairments
>2023 undershoots expectations - The company has just released figures for 2023 lower than expectations. As expected, the group reported an installed capacity of 15,485 MW (MW EBITDA, excluding equity accounting) and 16,555 MW (including equity accounting). Net installed capacity increased by 1,852 MW EBITDA excluding equivalents (an increase of 13.6%) vs 13,633 MW in 2022 due to commissioning in all geographies. EDPR currently has 3,719 MW EBITDA under construction. ...EDP Renovaveis is a renewable energy company based in Spain. Co. is engaged in activities related to the electricity sector, namely the planning, construction, operation and maintenance of electricity generating power stations, especially hydroelectric, mini-hydroelectric, wind, solar, thermal solar, photovoltaic, biomass and waste plants, among others. Co. designs, develops, manages and operates power plants. Co. generates electricity using renewable energy sources mostly wind energy. Co. owns EDP Renewables Europe that operates in several European countries and Horizon Wind Energy, which operates in the United States. Co. is a part of the Energias de Portugal group.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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