EDP Renewables posted a 2015 net profit of €167m, up from €126m in the previous year, on the back of increased revenues of €1.55bn.
The latter was a 21% jump on 2014 revenues, linked in part to an 8% boost in electricity production to 21.4TWh.
EDPR chief executive Joao Manso Neto said: “Our strategic and operating decisions were on target. Our diversification into markets and regions with wind energy potential and advantageous conditions for our business, as well as our asset rotation strategy, have been key to EDP Renewables’ robust performance”.
The company’s global portfolio is 9637MW and is spread over 10 countries. A total of 602MW joined the ranks in 2015 and the overall load factor was 29%.
The board will recommend a dividend of five euro cents per share or €44m.
Image: EDPR’s Maple Ridge wind farm (EDPR)
