EDPFY Energias De Portugal SA (PK)

   By Giulia Petroni 
 

EDP-Energias de Portugal SA said Tuesday that its installed capacity at the end of June was lower than the previous year, and that electricity generation fell in the first half of the year.

The Portuguese energy company said it had an installed capacity of 23.9 gigawatts at the end of June--79% of which from renewable sources--compared with 26.75 GW one year ago. The decrease is mainly attributable to the disposal of plants in Spain and Portugal, as well as the shutdown of the Sines coal plant in Portugal, it said.

Electricity generated in the first half fell to 29.9 terawatt hours from 31.99 TWh the previous year. In the second quarter of the year, the company generated 13.37 TWh.

EDP said total electricity distributed in the first half rose 16% on year in the Iberian peninsula and 10% in Brazil as a result of economic recovery.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

July 13, 2021 13:10 ET (17:10 GMT)

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