In Brazil, EDPR reached Revenues of 62 million reais in the 2012, representing a 37% year-on-year increase following the electricity generation performance and the selling price positive evolution.
In 2012, the average selling price of EDPR in Brazil increased 3% to $R286/MWh following the inflation update.
EDPR currently has 120 MW under development in Brazil with 20-year PPAs awarded in Dec-11 at the energy A-5 auction, which clearly reinforced EDPR’s presence in a market with a low risk profile, attractive wind resource and strong growth prospects.
OPERATING COSTS AND INCOME
Overall, the EBITDA of the period increased 36% to R$42m, while the EBITDA margin reached 67%.