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EDP Renewables reported a 9% rise in recurring net profit, supported by higher power generation and reduced operating costs. The company outperformed market expectations, even as electricity prices in Europe remained under pressure. Growth was largely driven by North America, which continues to contribute the majority of output. While revenues stayed stable, improved efficiency and controlled expenses helped strengthen earnings. The company also expanded its installed capacity and continues to invest in new renewable projects. However, a rise in net debt reflects ongoing capital deployment for future growth across global markets.
EDP Renewables, one of the world’s largest wind energy producers and the renewable arm of EDP, reported a 9% increase in its recurring net profit, supported by higher energy production and lower operating costs. The company posted a recurring net profit of 71 million euros, exceeding analyst expectations of 52.5 million euros. Advertisement
The company maintained stable revenue at 591 million euros, excluding foreign exchange impact. This came despite weaker electricity prices across Europe, as a 3% rise in power generation helped offset pricing pressure. Total production reached 11,300 gigawatt-hours, with North America contributing 59% of output, while Europe accounted for 29%.
Operational efficiency played a key role in supporting margins. Recurring core operating expenses fell by 11% year-on-year to 170 million euros, reflecting continued cost discipline and internal efficiency measures. The company stated that these improvements have been consistent over recent quarters.
Earnings at the operating level also showed modest growth. Recurring consolidated EBITDA rose 2% year-on-year to 489 million euros, slightly above market estimates of 486 million euros, indicating stable performance despite external challenges.
EDP Renewables continues to expand its global footprint. The company, which operates across 28 countries in Europe, Asia and the Americas, increased its installed capacity by 2 gigawatts over the past year, taking total capacity to 20.5 GW. More than half of this addition came from North America, reinforcing its position as a key growth market.
In addition, projects under construction, including wind farms, solar parks and battery storage systems, stood at 1.9 GW. The company indicated that these projects will support capacity additions planned for 2026 and beyond, ensuring a steady development pipeline.
At the same time, the company’s net debt rose by 319 million euros, or 4%, reaching 8.43 billion euros. The increase reflects ongoing investments in renewable energy infrastructure as part of its long-term expansion strategy.
Source Reuters
5th Jun, 2025
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