LISBON, Feb 25 (Reuters) - EDP Renovaveis, the world's fourth-largest wind energy producer, said on Wednesday recurring net profit rose 50% in 2025, driven by strong U.S. capacity expansion, even as
EDPR's 2025 Profits Surge 50% Driven by US Expansion
LISBON, Feb 25 (Reuters) - EDP Renovaveis, the world's fourth-largest wind energy producer, said on Wednesday recurring net profit rose 50% in 2025, driven by strong U.S. capacity expansion despite lower capital gains, while projecting a further increase in EBITDA this year.
The renewables arm of Portugal's EDP said that recurring net profit, which excludes one-offs, reached 330 million euros ($389 million), beating the average forecast of 307 million euros by analysts polled by LSEG.
Financial Performance and Growth
Its recurring earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 17% year-on-year to around 1.95 billion euros. The company sees EBITDA growing to around 2.1 billion euros in 2026.
It said it booked just 95 million euros in capital gains from the sale of wind and solar parks last year - part of an ongoing strategy of divesting stakes in mature plants to fund new projects - down from 167 million euros in 2024.
EDPR - which operates in 28 countries across Europe, the Americas and Asia - said it installed 2 gigawatts (GW) of new capacity last year, more than half of it in the U.S. market.
Capacity Expansion and Production
Total capacity rose to 20.4 GW last year, with 46% in the U.S, it said, adding that as of December 1.6 GW of new capacity was under construction, which will support growth in 2026 and beyond.
As a consequence, EDPR's power production rose 11% to 40,600 gigawatt-hours (GWh), with North America accounting for 57% of the total, while Europe represented 28%.
EDPR said it delivered "good execution in 2025, with focus on low-risk markets and improving debt ratios".
Debt Reduction and Profitability
It said net debt decreased by 200 million euros to 8.1 billion euros.
Including extraordinary items, EDPR's net profit totalled 216 million euros last year, reversing a 556 million euro loss in 2024 after high impairments tied to its exit from wind farms in Colombia and U.S. offshore projects.
($1 = 0.8485 euros)
(Reporting by Sergio Goncalves; Editing by David Latona and Jane Merriman)
