Portugal

Portugal

EDP to build annual average of 1.5 GW globally

Portugal's EDP Renovìveis, the renewables division of national utility Energias de Portugal, says it now owns 4.2 GW of wind power plant worldwide and has an additional 1.6 GW under construction. According to the company's Ana Maria Fernandes, the company was to close 2008 with 5 GW of installed wind capacity and intends to build 1.4 GW a year on average in the next four years, bringing its total wind power to 10.5 GW by 2012. The company operates 1.8 GW in Spain, 1.7 GW in the United States, 517 MW in Portugal, 144 MW in France and 14 MW in Brazil. Construction pipelines in each country follow the same ranking. Of a total 28 GW of projects under development, 18 GW is in the US, where EDP plans to make its largest investment in wind -- EUR 2.7 billion -- through 2012, via its subsidiary, Horizon. During the first nine months of 2008, average sales prices for EDP's wind power were $87/MWh in the US and EUR 98/MWh ($136) in Europe. Other anticipated opportunities include wind power tenders by autonomous Spanish communities. The company has master supply agreement for all its turbine requirements in 2009 and for 80% of those required in 2010, but is coming up short for 2011 and 2012, according to Fernandes.

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