EDP Renováveis Reports 5% Increase in Renewable Power Generation for 2024

Credit: EDPR

EDP Renováveis SA announced on Thursday that its renewable power plants generated 26.5 TWh in the first nine months of 2024, reflecting a 5% year-on-year increase.

The company's report highlighted that power generation during this period was affected by below-average wind resources, particularly in , as well as curtailment losses primarily in the US and Spain. EDPR also noted that the commissioning of new capacities is expected to be concentrated in the fourth quarter of the year.

In the first nine months, EDPR added 1.3 GW of power generation capacity, entirely from assets. North America accounted for the largest share, contributing 73% of the new capacity, while South America added 13%. and the Asia-Pacific (APAC) region contributed 9% and 5%, respectively.

The company currently has 4.1 GW of new capacity under construction, indicating ongoing growth in its portfolio.

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

Region 2024 2023 Y/Y variation
Spain 3,152 3,196 -1%
2,286 1,953 17%
Rest of Europe 3,083 3,109 -1%
US 12,954 11,292 15%
Canada & Mexico 1,615 1,372 18%
Brazil & Chile 2,355 3,354 -30%
APAC 1,085 909 19%
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