Brazil leads EDP Renewables to energy production growth of 14%

 

EDP Renováveis (EDPR), whose parent company EDP Portugal has China Three Gorges as its largest shareholder, saw ‘clean’ energy production grow 14% in the first quarter, led by Brazil.

According to the Lisbon-based company, production reached 9.2 TWh (Terawatt-hours) in the first quarter of the year.

Europe and North America represented 38% and 56% of total generation output, respectively, said the company in its ‘Operating Data Preview 1Q22’.

EDPR to invest around EUR 6.5 billion in Asia-Pacific Countries

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”.

EDPR´s installed capacity also grew to 14.0 GW, with North America already representing half of the portfolio, while Europe corresponds to 41%.

According to the company, the ‘clean’ energy output avoided 6mt of CO2 emissions.

 

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