Energias de Portugal
Encyclopedia
EDP - Energias de Portugal (formerly Electricidade de Portugal) ranks among Europe's
major electricity operators, as well as being one of Portugal's
largest business groups.
The Group became the first Iberian
company to own significant generating and distribution assets in both sides of the border, with a controlling position in the Spanish
company HC Energía, and it is also present in the electricity sectors of Latin America – with a major presence in the United States
, Brazil
, Africa
and Macau
, in the generation, distribution and trading businesses.
The EDP Group’s activities are centred on the generation
and distribution
of electric power, as well as the information technologies areas. In addition, the group's business includes complementary and related areas, such as water, gas
, engineering, laboratory testing, vocational training and real estate management. It once had businesses in the IT consulting (Edinfor) and telecommunications (ONI Telecom) sectors, but these were sold, respectively, to Logica and the private equity
group The Riverside Company.
In 2006 35% of the energy produced by EDP was from renewable energy
sources, and, as of the end of 2007, the company announced that 39% of its energy was already emissions-free and that it was aiming for a 75% renewable energy production by 2013.http://www.agenciafinanceira.iol.pt/noticia.php?id=924585&div_id=1728 In March 2007 the group made a US$3 billion takeover of Horizon Wind Energy
, the Texan-based wind power producer. This is the largest renewable energy deal to date and made EDP the fourth largest wind power producer in the world.http://www.ecommercetimes.com/story/9cmRDkJVAbxiP2/EDP-to-Buy-Texas-Wind-Company-in-3B-Deal.xhtml The firm's renewables operations (including Horizon) are now contained within its majority-owned subsidiary
EDP Renováveis
, 25% of which was floated on the Lisbon Stock Exchange
in 2008.
The company was ranked at position 239 in the 2009 issue of the Forbes Global 2000
.
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
major electricity operators, as well as being one of Portugal's
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
largest business groups.
The Group became the first Iberian
Iberian Peninsula
The Iberian Peninsula , sometimes called Iberia, is located in the extreme southwest of Europe and includes the modern-day sovereign states of Spain, Portugal and Andorra, as well as the British Overseas Territory of Gibraltar...
company to own significant generating and distribution assets in both sides of the border, with a controlling position in the Spanish
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
company HC Energía, and it is also present in the electricity sectors of Latin America – with a major presence in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
, Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
and Macau
Macau
Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...
, in the generation, distribution and trading businesses.
The EDP Group’s activities are centred on the generation
Electricity generation
Electricity generation is the process of generating electric energy from other forms of energy.The fundamental principles of electricity generation were discovered during the 1820s and early 1830s by the British scientist Michael Faraday...
and distribution
Electricity distribution
File:Electricity grid simple- North America.svg|thumb|380px|right|Simplified diagram of AC electricity distribution from generation stations to consumers...
of electric power, as well as the information technologies areas. In addition, the group's business includes complementary and related areas, such as water, gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
, engineering, laboratory testing, vocational training and real estate management. It once had businesses in the IT consulting (Edinfor) and telecommunications (ONI Telecom) sectors, but these were sold, respectively, to Logica and the private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
group The Riverside Company.
In 2006 35% of the energy produced by EDP was from renewable energy
Renewable energy
Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
sources, and, as of the end of 2007, the company announced that 39% of its energy was already emissions-free and that it was aiming for a 75% renewable energy production by 2013.http://www.agenciafinanceira.iol.pt/noticia.php?id=924585&div_id=1728 In March 2007 the group made a US$3 billion takeover of Horizon Wind Energy
Horizon Wind Energy
EDP Renewables North America is a wind energy developer based in Houston, Texas...
, the Texan-based wind power producer. This is the largest renewable energy deal to date and made EDP the fourth largest wind power producer in the world.http://www.ecommercetimes.com/story/9cmRDkJVAbxiP2/EDP-to-Buy-Texas-Wind-Company-in-3B-Deal.xhtml The firm's renewables operations (including Horizon) are now contained within its majority-owned subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
EDP Renováveis
EDP Renováveis
EDP Renováveis is a leading renewable energy company headquartered in Madrid that designs, develops, manages and operates power plants that generate electricity using renewable energy sources....
, 25% of which was floated on the Lisbon Stock Exchange
Euronext Lisbon
Euronext Lisbon is a stock exchange in Lisbon, Portugal. It belongs to the NYSE Euronext group, the first global stock exchange.Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exchange traded funds...
in 2008.
The company was ranked at position 239 in the 2009 issue of the Forbes Global 2000
Forbes Global 2000
The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine. The ranking is based on a mix of four metrics: sales, profit, assets and market value...
.
Carbon intensity
| Year | Production (TWh TWH TWH or twh could refer to:*Tennessee Walking Horse, a breed of horse* Toronto Western Hospital, a hospital in Toronto, Canada* TWH Bus & Coach, a bus company in Romford, England* Terrawatt-hour, measure of electrical energy, 1012 watt-hours... ) |
Emission (Gt CO2) | kg CO2/MWh |
|---|---|---|---|
| 2002 | 39 | 26.9 | 690 |
| 2003 | 43 | 23.25 | 536 |
| 2004 | 39 | 23.89 | 614 |
| 2005 | 42 | 28.26 | 677 |
| 2006 | 43 | 24.48 | 565 |
| 2007 | 43 | 23.42 | 544 |
| 2008 | 40 | 19.78 | 500 |
| 2009 | 42 | 20.01 | 477 |