Investor Presentation
Asset rotation execution has been strong with €2.6bn of proceeds secured at
attractive multiples and €0.15bn (1) gains already booked
Strong AR execution at attractive multiples, showcasing the value of EDPR projects
edp
Accelerated &
sustainable growth
EV/MW
€m
Gain
€104m
Gain/MW ~€250k
€0.5bn
1.7
की
1.25
1.6
H
€2.6bn
Bright Stalk &
Harvest Ridge
Indiana CR
Wind B&T
Wind
Portugal
Wind
Poland
Wind
Spain
Riverstart
Solar
Indiana CR
Solar B&T
Total proceeds
secured
405 MW
80%
302 MW
100%
221 MW
100%
149 MW
100%
181 MW
200 MWac
100%
80%
200 MWac
100%
1,658 MW
Completed Jun-
Signed
Signed
Signed
Signed
Signed
Signed
21
Oct-19
Jul-21
Aug-21
Oct-21
Sep-20
Mar-21
€2.6bn of proceeds, ~33%
of €8bn AR target for
2021-25
Attractive multiples with
avg. €1.6m/MW (Wind @
€1.7m and Solar @
€1.25m/MW
On track to
deliver >€300m of capital
gains in 2021. Upsize will
depend on exact timing of
regulatory approvals and
closing of each transaction
1.
Gains of €151m in 9M21 include i) €104m from Jun-21 US asset rotation deal, ii) €16m contingent price review of Offshore France sell-down transactions iii) €2m price adjustment of Rosewater B&T and iiii) €30m for Mayflower earn-out
Investor presentation 10View entire presentation