The recurring profit of EDPR, a renewable energy company, will jump 50% in 2025 due to US growth
EDP Renovaveis is the fourth largest?wind energy producer in the world. On Wednesday, it announced that recurring net profit would rise 50% by 2025. This was due to a strong U.S. expansion of capacity, despite lower capital gains. It also projected a?increase? in EBITDA for this year.
Analysts polled by LSEG had predicted a net profit of 307 millions euros for the renewables division of Portugal's EDP.
The company's EBITDA (earnings before interest, tax, depreciation, and amortization) increased by 17% on an annual basis to approximately 1.95 billion euro. EBITDA is expected to reach 2.1 billion euro in 2026.
It reported that it had booked only 95 million?euros of capital gains in the last year from the sale wind and solar plants. This is part of a?strategy to divest stakes in mature plants in order to fund new projects.
EDPR, which has 28 offices in Europe, North America and Asia, said that it had installed more than half its new capacity in the U.S.
It said that the total capacity reached 20.4 GW in 2012, with 46% of it in the U.S., and that as of December, 1.6 GW was under construction. This will support growth through?2026.
The EDPR power production increased by 11%, to?40.600 gigawatt hours (GWh). North America accounted for 57%, and Europe 28%.
EDPR stated that it had "good execution by?2025 with a focus on low-risk market and improving debt ratios".
The net debt fell by 200 millions of euros to 8.1 Billion Euros.
EDPR’s net?profit, including extraordinary items, totaled 216 million euro last?year. This reversed a 556?euro?loss in 2024 due to high impairments related to its exit from Colombian wind farms and U.S. off-shore projects.
(source: Reuters)
