Investor Presentation
We are keeping our selective and disciplined investment framework,
delivering stronger returns throughout the cycle
Typical metrics of project approvals¹ over the last 6 months
Attractive returns
Target Achieved
IRR/WACC (x)
>1.4
Region
Technology
Unlevered project IRR2
IRR-WACC (bps)
>200
>9%
Sound contracted profile
Contracted period (years) ~15
Contracted NPV (%)
>60
*
囲
edp
Stronger returns and cash
yields driving value
accretive investments
throughout the cycle
>8%
Higher absolute returns on
higher CAPEX levels
>8%
Further uplift of returns
provided by Asset rotation
>7%
strategy
Clear investment framework and strong track record, maintaining our selective and disciplined approach
1.
Analysis based on Wind and Solar projects in North America and Europe, with FID in 2022 and 2023. Project returns at final investment decision date, based on Build & Own to maturity
(i.e., do not factor uplift from Asset rotation strategy)
2.
Unlevered IRR considered in Europe; Unlevered post tax-equity IRR in North America
Investors' Presentation
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