EDPR at a Glance
FY23 Results & Updates
2024 guidance update, continued focus on attractive
returns
2024 on track to deliver ~4 GW, with 85% already under construction and 100% secured at
attractive long-term prices providing great visibility and resilience to energy markets volatility
2024 started with a strong Balance Sheet position, following €1bn capital increase in 2023, €2.4bn of
Asset rotation proceeds (executed & signed as of today), and €0.5bn of Tax Equity proceeds cashed
in 2023. Continue to execute significant volumes of Asset rotation and Tax Equity in 2024
2024 updated guidance reflect the current scenario of capacity additions for 2023-24 (following 2023 delays in US &
Colombia) along with current electricity forward prices in Europe, although with a much stronger underlying contribution
Updated 2024
Guidance:
Renewables Generation
40 TWh - 42 TWh
Avg. Selling price
€53-€55/MWh
Recurring EBITDA
moderate YoY growth
Continuing to grow based on a well-known strict investment criteria, focused only on firm opportunities that accomplish our
required returns. EDPR will remain selective for upcoming opportunities, prioritizing returns over volume
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