EDPR's renewable power output increases 14% y/y in Q1 2022

EDP Renovaveis SA (ELI:EDPR) saw the output of its renewable power plants increase by 14% year-on-year to 9.2 TWh in the first quarter of 2022.

According to the report released by the company on Tuesday, the growth came because of higher installed capacity and stable resources in Europe, North America and Brazil.

Among the company's markets, the most significant increase was registered in Canada, where EDPR's generation was up by 283%. Brazil and the US followed with annual growth of 122% and 11%, respectively.

Further details on EDPR's global generation, in GWh, are available in the table below.

As of March 2022, EDPR managed a total renewables portfolio of 14 GW, with Europe and North America accounting for 41% and 50%, respectively. The firm currently has 2.4 GW of new capacity under construction.

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