4.OUR PERFORMANCE

FINANCIAL PERFORMANCE

edp renováveis

EBITDA

1.366M
+17% VS 2016

EDP Renováveis' EBITDA went up by 17% YoY (+€195 million) to €1,366 million in 2017, mostly impacted by higher average capacity on stream, mainly in North America and Brazil. EBITDA's evolution also translates:

• improvements at core opex costs per average MW;
• lower average selling price at €59.2/MWh (vs. €60.5/MWh in 2016);
• negative Forex impact, mostly reflecting the USD depreciation against EUR and Brazilian real appreciation against EUR.

OPERATIONAL PERFORMANCE

• Wind and solar power output went up by 13% YoY in 2017 on higher installed capacity as well as higher average load factor.

• EDP Renováveis added in 2017 624MW to its installed capacity: 424MW in the US, which 60MW in solar (Cypress Creek); 127MW in Brazil (JAU and Aventura); and 74MW were installed in Spain (50MW), France (22MW) and Portugal (3MW). At the end of 2017, EDP Renováveis had 828MW under construction related to projects to be delivered in 2018, including 480MW in US (Turtle Creek and Meadow Lake VI) and 137MW in Brazil (Babilonia). It should be noted that all projects have Power Purchase Agreements already secured.

2016

Installed capacity (MW)

10,052

Europe

4,986

North America

4,861

Brazil

204

net electricity generation (Gwh)

24,473

Europe

11,230

North America

12,576

Brazil

666
2017

Installed Capacity (MW)

10,676

Europe

5,016

North America

5,284

Brazil

331

Net electricity generation (Gwh)

27,621

Europe

11,669

North America

15,091

Brazil

861