Publication
EDP renewables: winds of change - is the wind offshore opportunity priced in
| Summary: | EDPR has gain a foot on the promising Wind Offshore market in 2020, when it entered in a Joint Venture with ENGIE for that effect, called Ocean Winds. The present paper tries to assess whether investors have already fully priced in the Wind Offshore opportunity. With that goal, it questions assumptions made in the Equity Research’ Intrinsic Valuation, namely on two of the main drivers of value -installed capacity and costs of Wind Offshore. Results show that the share price premium compared to the base scenario should go from 4.0% to 4.8%, reinforcing the ‘BUY’ valuation issued on EDPR. |
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| Main Authors: | Oliveira, Joana da Costa Peixoto Lisboa de |
| Subject: | Valuation Finance Energy Edpr Energy finance Renewable energy Wind energy Energy market Renewable Energy Sources Energy industry Offshore wind Energy sector Wind EDP |
| Year: | 2022 |
| Country: | Portugal |
| Document type: | master thesis |
| Access type: | open access |
| Associated institution: | Universidade Nova de Lisboa |
| Language: | English |
| Origin: | Repositório Institucional da UNL |
| Summary: | EDPR has gain a foot on the promising Wind Offshore market in 2020, when it entered in a Joint Venture with ENGIE for that effect, called Ocean Winds. The present paper tries to assess whether investors have already fully priced in the Wind Offshore opportunity. With that goal, it questions assumptions made in the Equity Research’ Intrinsic Valuation, namely on two of the main drivers of value -installed capacity and costs of Wind Offshore. Results show that the share price premium compared to the base scenario should go from 4.0% to 4.8%, reinforcing the ‘BUY’ valuation issued on EDPR. |
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