EDP Renewables

What EDP Renewables does

EDP Renewables (EDP Renováveis S.A., ticker EDPR) is a publicly traded renewable energy platform incorporated in Portugal and listed on Euronext Lisbon, operating as the dedicated clean energy subsidiary of Portuguese utility EDP SA. Founded in 2007 and headquartered in Madrid with parent group headquarters in Lisbon, EDPR is the world's fourth-largest wind energy producer with approximately 20.5 GW of total installed renewable capacity, 2.3 GW under construction, and current generation of 11,300 GWh. Operations span 28 countries across Europe, North America (59% of output), South America (Brazil), and Asia-Pacific, with regional hubs in Lisbon, Madrid, Houston, and São Paulo.

The company's core technology is renewable energy generation through the development, construction, and operation of utility-scale wind (onshore and offshore) and solar photovoltaic assets, increasingly integrated with battery storage. Offshore wind capabilities are housed in the 50-50 Ocean Winds joint venture with ENGIE, which has begun delivering power from a 30 MW floating wind farm off France. The product portfolio extends to hybrid solar-plus-storage projects, stand-alone battery energy storage systems (with the first European project under construction since December 2024), distributed generation for commercial and industrial customers, and virtual Power Purchase Agreements (vPPAs) for hyperscale corporate buyers.

EDPR's business model combines long-term contracted revenue (10-20 year PPAs with corporate and utility offtakers including Microsoft, Amazon, Meta, Google, and Shell Energy) with merchant wholesale energy sales and asset ownership/management. Pricing is negotiated per project based on size, location, contract length, and market conditions. Strategic capital partners include Ares Management (49% stake in US portfolio, ~$2.9 billion, October 2025) and Allianz (20.25% stake in French offshore project, €200 million, December 2025), reflecting a co-investment model that funds growth without diluting EDPR equity. Gross investment commitments reach €4.1 billion through 2030, including $2 billion for Asia-Pacific expansion.

Name

EDP Renewables

Legal name

EDP Renováveis S.A.

Website

https://edpr.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

EDP Renewables (EDPR) is the world's fourth-largest wind energy producer and a subsidiary of EDP SA, operating approximately 20.5 GW of installed renewable capacity across 28 countries. It develops, constructs, and operates utility-scale wind, solar, and battery storage assets, supplying long-term PPAs to hyperscale technology firms and utilities.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)

akta.pro secondary industries

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Renewable Energy Infrastructure (FSAAAKAG), Development-Stage M&A & Portfolio Acquisition (Early-Stage/Ready-to-Build) (EUAMAAAF)

Keywords

• Wind energy generation
• Solar power production
• Renewable energy development
• Battery storage systems
• Power purchase agreements

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D

Revenue model

1. Power Purchase Agreements (PPAs): Long-term contracted revenue from corporate and utility PPAs providing renewable energy to large buyers like Microsoft, Amazon, Meta, and Google. Provides revenue visibility and stability through fixed-price contracts.
2. Wholesale Energy Sales: Merchant energy sales from renewable generation assets into wholesale electricity markets, providing exposure to spot prices alongside contracted revenues.
3. Asset Ownership and Management: Ownership and operational management of renewable energy assets generating recurring revenue through energy production and capacity payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

EDP Renewables develops, constructs, and operates utility-scale renewable energy assets—primarily onshore and offshore wind farms, solar photovoltaic parks, and battery energy storage systems—across 28 countries. It sells the generated electricity and renewable energy credits to large corporate buyers and utilities through long-term Power Purchase Agreements (PPAs) and into wholesale electricity markets, while also owning and managing the underlying generation assets.

Product overview

EDP Renewables (EDPR) operates as a diversified clean energy platform and the world's fourth-largest wind energy producer with approximately 20.5 GW of total installed capacity. The company offers a portfolio of renewable energy solutions comprising wind energy generation (both onshore and offshore), solar energy production, battery energy storage systems, and hybrid renewable projects combining multiple technologies. EDPR's operations are structured across regional hubs covering Europe (Belgium, France, Germany, Greece, Italy, Poland, Portugal, Romania, Spain, United Kingdom), North America, South America (Brazil), and Asia-Pacific (Australia, China, Japan, Singapore, Taiwan, Vietnam). The company also provides corporate energy solutions through virtual power purchase agreements (vPPAs) for major technology customers, and operates through its 50-50 joint venture Ocean Winds for offshore wind development. Key products include wind and solar generation assets, battery storage projects, and hybrid renewable solutions, all supported by the company's development pipeline and project execution capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Energy Generation Development, construction, and operation of onshore and (via Ocean Winds JV) offshore wind farms, with electricity sold to corporate and utility offtakers through long-term PPAs and into wholesale markets. EDPR is the world's fourth-largest wind energy producer with approximately 20.5 GW of installed wind capacity.
• Solar Energy Generation Utility-scale solar photovoltaic power generation through owned and operated solar parks, with electricity sold to corporate and utility offtakers via PPAs and into wholesale markets. Portfolio spans the U.S., Europe, and Asia-Pacific and includes projects with co-located battery storage.
• Stand-Alone Battery Energy Storage Grid-scale battery energy storage systems providing grid stability and energy management services. Includes stand-alone storage projects in Europe and co-located storage integrated with solar and wind generation.
• Distributed Generation EDP Renewables North America's distributed generation business provides on-site renewable energy solutions for commercial and industrial customers, supplementing the company's utility-scale portfolio.
• Virtual Power Purchase Agreements (vPPAs) Corporate renewable energy sourcing contracts under which large technology buyers such as Microsoft, Amazon, and Meta contract for renewable energy and associated credits from EDPR's generation assets through long-term virtual PPAs.

Quantifiable outcome

• 20.5 GW total installed renewable capacity
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered major, flagship, core and minor.

• Kronos Solar ProjectsmajorStrategic or Co-development Partner · 1 January 2022EDP Renewables acquired 70% stake in Kronos Solar Projects in 2022 for approximately €250 million, expanding solar development capabilities in European markets.
• Ocean WindsflagshipStrategic or Co-development Partner50-50 joint venture between EDP Renewables and ENGIE focused on offshore wind energy development globally. Combines EDP Renewables' onshore wind expertise with ENGIE's offshore capabilities.
• MicrosoftcoreStrategic or Co-development PartnerLong-term PPA relationship with Microsoft for renewable energy supply to support Microsoft's sustainability and carbon reduction commitments.
• AmazoncoreStrategic or Co-development PartnerMultiple PPAs with Amazon for renewable energy to power data centers and fulfillment operations as part of Amazon's path to net-zero carbon.
• MetacoreStrategic or Co-development PartnerSolar project PPA with Meta for clean energy supply to support Meta's renewable energy and sustainability goals.
• Start CampusminorStrategic or Co-development PartnerMemorandum of Understanding for a 1.2 GW data center project powered by renewable energy from EDP Renewables.
• SnopminorStrategic or Co-development PartnerPPA relationship with Snop for renewable energy to support industrial decarbonization objectives.
• Shell EnergycoreStrategic or Co-development PartnerPPA for Sandrini renewable energy project with Shell Energy, one of the major energy companies transitioning to renewables.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Iberdrola Renovables: Iberdrola's global renewables arm is the largest direct peer to EDPR — a Spanish-headquartered utility with comparable wind/solar footprint across Europe, the US (Avangrid), Latin America, and Australia, competing for the same hyperscaler PPAs and offshore wind sites.
• Ørsted: Danish-headquartered Ørsted is the global offshore wind leader and a direct peer through Ocean Winds' overlapping European and US offshore wind development activities; both companies target corporate PPA customers and utility-scale renewable generation.
• Enel Green Power: Enel's renewables subsidiary is a direct peer with a similar global wind, solar, and storage IPP model spanning the Americas, Europe, Africa, and Asia-Pacific, competing head-to-head in many of EDPR's 28 countries.
• RWE Renewables: German-headquartered RWE is a directly comparable global renewables IPP with major onshore wind, offshore wind (formerly Innogy), and solar platforms across Europe, the US, and Australia, pursuing the same hyperscaler and utility PPA customers.
• Acciona Energía: Acciona Energía is a Spanish-headquartered global renewable IPP with wind, solar, and storage assets across more than 20 countries, directly comparable to EDPR in scale, technology mix, and core geographies (Iberian Peninsula, LATAM, US, APAC).
• Brookfield Renewable Partners: Brookfield Renewable is a global pure-play renewable IPP with wind, solar, and storage assets across the Americas, Europe, and APAC, directly comparable to EDPR in business model and asset class, though structured as an LP rather than a corporate.
• Pattern Energy Group: Pattern Energy is a US-headquartered renewable IPP with utility-scale wind and solar plus transmission assets in the US, Canada, Japan, and South America, directly comparable to EDPR's North American operating model and PPA-driven revenues.

Broad incumbents

• NextEra Energy Resources: NextEra Energy Resources is the world's largest wind and solar generator and the dominant US renewables IPP, directly comparable as a competitor for hyperscaler PPAs and US capacity build-outs, though it sits inside a larger regulated utility parent (FPL).
• ENGIE (Renewables arm): ENGIE is EDPR's 50/50 partner in Ocean Winds for offshore wind and a broader incumbent utility with overlapping renewable generation, retail energy, and grid businesses across Europe, LATAM, and APAC.

Others

• Vestas Wind Systems: Vestas is the world's largest wind turbine OEM and a key supplier/partner to EDPR across its global wind fleet; comparable in that both companies serve the global wind market and are exposed to identical hyperscaler/offshore demand signals, though Vestas is upstream in the value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/EdpRenewables
• LinkedInlinkedin.com/company/edp-renov-veis

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EDP Renewables