EDP Renováveis produced 14% more clean energy in Q1

  • ECO News
  • 19 April 2022

EDP Renováveis' installed capacity increased to 14.0 GW, with North America representing half of the portfolio.

EDP Renováveis’ clean energy production reached 9.2 TWh (Terawatt-hours) in the first quarter of the year, representing a 14% increase over the same period last year, the company announced Tuesday in a statement sent to the Portuguese Securities and Exchange Commission (CMVM).

“EDPR generated 9.2 TWh of clean energy in the 1Q22 (+14% YoY), avoiding 6mt of CO2 emissions, with Europe and North America representing 38% and 56% of total generation output, respectively,” said the company led by Miguel Stilwell in the ‘Operating Data Preview 1Q22’.

In Europe, generation increased by 5% compared to last year, while in North America, it grew by 13%. In South America, production increased 122% “driven by higher installed capacity in Brazil, partially offset by lower renewable resource”.

EDP Renováveis’ installed capacity also grew to 14.0 GW, with North America already representing half of the portfolio, while Europe corresponds to 41%. Meanwhile, the company achieved a 35% load factor reflecting a “Renewables index +2% higher than the expected long term average Gross Capacity Factor (+5pp YoY).”