EDPR's 9-mo renewable production inches up 20%

EDP Renovaveis SA's (ELI:EDPR) total renewable power generation in the first nine months of 2016 grew by 20% to 18.1 TWh.

The most significant increase in year-on-year terms was achieved in Brazil, where the company's generation rose by 182% to 440 GWh. This was due to the increase in capacity in operation and better wind resources.

In Portugal EDPR's output nearly doubled, while the USA remains its top market in terms of productivity.

More details on global generation, in GWh, are available in the table.

Country	9-mo 2016	Utilisation factor	9-mo 2015	Y/Y growth
Spain	3,982	28%	3,705	7%
Portugal	2,317	28%	1,218	90%
Rest of Europe	2,282	23%	2,279	0.2%
USA	8,981	32%	7,586	18%
Canada	52	27%	51	2%
Brazil	440	30%	156	182%

During the nine-month period, EDPR's output in Europe as a whole increased 19% to 8.6 TWh, while in North America the company recorded an 18% rise.

At the end of September, EDPR had 788 MW of onshore wind power capacity under construction in the US, Mexico, Brazil, France and Italy. It also had 9.7 GW in operations, including 5.1 GW in Europe and 4.4 GW in North America. The company will release its financial report for the first nine months of 2016 at the start of November.

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