EDP Renewables North America explained

EDP Renewables North America
Type:public
Predecessor:Zilkha Renewable Energy
Horizon Wind Energy
Location City:Houston, Texas
Location Country:United States
Industry:Renewable energy
Products:Wind and Solar Power Energy Storage
Revenue:$931.19 million (2019)
Operating Income:$688.1 million (2019)
Num Employees:675 (end 2019)
Parent:EDP Renewables
Homepage:https://www.edprnorthamerica.com/

EDP Renewables North America (former names: Zilkha Renewable Energy and Horizon Wind Energy) and its subsidiaries develop, construct, own, and operate wind farms and solar parks throughout North America.

Headquartered in Houston, Texas, with 58 wind farms and 9 solar parks, EDP Renewables North America (EDPR NA) operates more than 8,200 megawatts (MW) of renewable energy projects in 14 U.S. states (Arizona, California, Illinois, Indiana, Iowa, Kansas, Minnesota, Nevada, New York, Ohio, Oklahoma, Oregon, Texas, South Carolina, Washington, and Wisconsin) as well as in Canada and Mexico.

EDPR NA is owned by EDP Renewables (EDPR), a company that develops, constructs, owns, and operates renewable electricity generation facilities. EDPR has grown significantly in recent years and is currently present in 14 countries (Belgium, Brazil, Canada, Colombia, France, Greece, Italy, Mexico, Poland, Portugal, Romania, Spain, the United Kingdom, and the United States). EDPR is the world’s fourth-largest wind energy producer, and EDPR NA represents EDPR’s largest market in terms of installed capacity and production.

History

In 2005, the company (then called Zilkha Renewable Energy, and owned by Selim Zilkha and Michael Zilkha) was purchased by investment bank Goldman Sachs for an undisclosed sum and renamed Horizon Wind Energy. In 2007, the company was acquired by Energias de Portugal for $2.15 billion[1] and later renamed EDP Renewables North America.[2]

Notes and References

  1. News: EDP to buy $2.2 bln U.S. Horizon Wind Energy. 2007-03-27. Reuters. 2019-06-28. en.
  2. Web site: Horizon Wind Energy changes name. www.power-eng.com. 2019-06-28.