EDP Renovaveis SA

EDPR: XLIS (PRT)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€75.00	Npddj	Fsfhsgcmt

EDP Renovaveis Lacks Structural Competitive Advantage Despite Its Strong Track Record

Tancrede Fulop

Apr 2, 2024

Business Strategy and Outlook

EDP Renovaveis, the 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. With 16.6 gigawatts of installed capacity (mostly onshore wind) at end-2023, it is the fourth-largest renewables player in the world and in the U.S. The latter accounts for half of capacity, Europe for 36%, and the rest is located in South America and Asia-Pacific.

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