EDP published strong earnings as it benefited from a +68% recovery in hydro generation in H1 23 after recording a +125% recovery in Q1 23 following the extreme drought in Portugal last year. EDP indicated that reservoirs in Portugal are currently at a 10-year high for this period. This important upturn in hydro was able totally offset the 22% decline in Wind and Solar EBITDA negatively impacted by weaker wind resources and a lower average selling price
28 Jul 2023
H1 23: inertia effect from hydro generation in the first quarter
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H1 23: inertia effect from hydro generation in the first quarter
- Published:
28 Jul 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
2
EDP published strong earnings as it benefited from a +68% recovery in hydro generation in H1 23 after recording a +125% recovery in Q1 23 following the extreme drought in Portugal last year. EDP indicated that reservoirs in Portugal are currently at a 10-year high for this period. This important upturn in hydro was able totally offset the 22% decline in Wind and Solar EBITDA negatively impacted by weaker wind resources and a lower average selling price