EDP group published satisfactory results for 9M23 solely due to the boom in hydro generation in Iberia which contributed +€1bn vs 9M22. This excellent recovery after a drought year in 2022 totally offset the weak results from EDPR (Wind and Solar) due to poor wind resources and lower selling prices despite additional capacity, and the slightly lower results for the networks.

03 Nov 2023
9M23: the hydro power generation recovery continues to underpin positive results

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9M23: the hydro power generation recovery continues to underpin positive results
- Published:
03 Nov 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
2 -
EDP group published satisfactory results for 9M23 solely due to the boom in hydro generation in Iberia which contributed +€1bn vs 9M22. This excellent recovery after a drought year in 2022 totally offset the weak results from EDPR (Wind and Solar) due to poor wind resources and lower selling prices despite additional capacity, and the slightly lower results for the networks.