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Relatório & Contas Consolidado 1 RELATÓRIO & CONTAS CONSOLIDADO CONSOLIDATED ANNUAL REPORT & ACCOUNTS ‘16 RELATÓRIO & CONTAS CONSOLIDADO 2016 CONSOLIDATED ANNUAL REPORT & ACCOUNTS 2 RELATÓRIO DO CONSELHO REPORT OF THE BOARD DE ADMINISTRAÇÃO 01 OF DIRECTORS ENQUADRAMENTO GERAL GENERAL OVERVIEW Regulamentar Regulatory Setorial e de Mercado Sector and Market ENQUADRAMENTO DA ATIVIDADE ACTIVITY OVERVIEW Alterações na Estrutura Societária Changes to Shareholder Structure Existência de Sucursais Branch Offices Negócios Entre as Sociedades Business Between the Companies e os Seus Gerentes ou Administradores and their Managers or Directors Organigrama Corporativo Organisational Chart Perímetro de Consolidação Consolidation Perimeter Unidades de Negócio Business Units Recursos Humanos Human Resources ANÁLISE DA ATIVIDADE ANALYSIS OF THE BUSINESS ACTIVITY Indicadores de Desempenho Performance Indicators Principais Ações Desenvolvidas Main Actions Análise Operacional e Financeira Operational and Financial Analysis FACTOS RELEVANTES RELEVANT EVENTS AFTER APÓS O TERMO DO EXERCÍCIO THE END OF THE FINANCIAL YEAR E PERSPETIVAS FUTURAS AND FUTURE PROSPECTS APLICAÇÃO DE RESULTADOS APPROPRIATION OF RESULTS DEMONSTRAÇÕES 02 FINANCIAL FINANCEIRAS E NOTAS STATEMENTS AND NOTES RELATÓRIO DE AUDITORIA 03 AUDIT REPORT RELATÓRIO & CONTAS CONSOLIDADO 2016 CONSOLIDATED ANNUAL REPORT & ACCOUNTS 3 01 RELATÓRIO DO CONSELHO DE ADMINISTRAÇÃO REPORT OF THE BOARD OF DIRECTORS RELATÓRIO & CONTAS CONSOLIDADO 2016 CONSOLIDATED ANNUAL REPORT & ACCOUNTS 4 ENQUADRAMENTO GERAL GENERAL OVERVIEW PARQUE EÓLICO DE SÃO MACÁRIO Exmos. Acionistas, Dear shareholders, Nos termos do Art.º 65º do Código das Sociedades Comerciais e dos Estatutos, submetemos Pursuant to Article 65 of the Portuguese Companies’ Code and the Articles of Association, a apreciação o Relatório de Gestão, Balanço e Contas Consolidadas referentes ao Exercício we hereby submit for your appraisal the Management Report, Balance Sheet and de 2016. Consolidated Accounts for the 2016 financial year. REGULAMENTAR REGULATORY O Orçamento de Estado para 2017, aprovado pela Lei n.º 42/2016, de 28 de dezembro, integra The State Budget for 2017, approved by Law no. 42/2016 of December 28, includes the o conteúdo da Portaria n.º 268/2016, de 13 de outubro, que consagra que a remuneração content of Ordinance No. 268/2016 of October 13, which establishes that the guaranteed garantida (feed-in-tariff) pela aquisição da energia elétrica, pelo comercializador de último remuneration (feed-in tariff) for the acquisition of electricity by the last resort supplier recurso, aos produtores em regime especial, não pode ser acumulada com outros apoios from producers under the special regime cannot be accumulated with other government públicos. O Orçamento de Estado para 2017 estabelece ainda que o Governo irá aprovar o grants. The State Budget for 2017 further establishes that the Government will approve mecanismo de dedução ou reposição dos apoios acumulados no passado. the mechanism of deduction or restoration of the grants accumulated in the past. RELATÓRIO & CONTAS CONSOLIDADO 2016 CONSOLIDATED ANNUAL REPORT & ACCOUNTS ENQUADRAMENTO GERAL 5 GENERAL OVERVIEW O Grupo Iberwind foi notificado em outubro de 2016, pela Direção Geral de Energia e The Iberwind Group was notified in October 2016 by the General Directorate of Energy and Geologia, para prestar informação no âmbito da Portaria n.º 268/2016, de 13 de outubro, Geology to provide information under the scope of Ordinance No. 268/2016 of October 13, relativamente aos Parques Eólicos a seguir indicados: regarding the following wind farms: PARQUE EÓLICO WIND FARM MW SÃO CRISTÓVÃO 5,7 BIGORNE 7,0 CABEÇO ALTO 11,7 LOMBA DA SEIXA I 13,0 LOMBA DA SEIXA II 12,0 IGREJA NOVA 7,2 CHÃO FALCÃO 80,5 MALHADIZES 12,0 BORNINHOS 2,0 MEROICINHA 9,0 PAMPILHOSA 114,0 MALHADAS 9,9 Uma vez que o mecanismo de dedução ou reposição dos apoios acumulados não foi Since the mechanism of deduction or restoration of the accumulated grants has not been publicado e é entendimento do Grupo, suportado em pareceres jurídicos, que deste assunto published and it is the Group’s understanding, backed by legal opinions, that this matter não irão resultar perdas para o Grupo, não se considerou nenhum impacto nas contas. will not result in losses for the Group, no impact was considered in the accounts. RELATÓRIO & CONTAS CONSOLIDADO 2016 CONSOLIDATED ANNUAL REPORT & ACCOUNTS ENQUADRAMENTO GERAL 6 GENERAL OVERVIEW SETORIAL E DE MERCADO SECTOR AND MARKET Segundo a WindEurope, no ano de 2016 foram instalados nos países da União Europeia According to WindEurope, over 24.5 GW of power generating units was installed in the (UE) mais 24,5 GW de potência em unidades geradoras de energia elétrica, das quais countries of the European Union (EU) in 2016, of which 12.5 GW was wind energy. This is 12,5 GW foram de energia eólica, o que representa um pequeno decréscimo face aos GW equivalent to a small decrease on GW installed in 2015 (12.8 GW). In percentage terms, instalados em 2015 (12,8 GW). Em termos percentuais, a energia eólica representa 51,0% wind energy accounts for 51.0% of the power facilities built in that year (44.2% in 2015). das centrais construídas no ano em causa (44,2% em 2015). Desta forma, a energia eólica Wind energy was the sector that most contributed to the increase in installed capacity. foi o setor que deu o maior contributo para o aumento da capacidade instalada. Capacidade Instalada em MW na UE em 2016 Installed Capacity in MW in the EU in 2016 Fonte Source: WindEurope 12.490 6.700 3.115 1.064 671 243 154 28 13 6 Eólica Fotovoltaico Gás Natural Biomassa Hidrícas Carvão Desperdícios Nuclear Ondas Geotérmica Wind Photovoltaic Natural Gas Biomass Hydro Coal Waste Nuclear Waves Geothermal Nova Capacidade Instalada / New Installed Capacity RELATÓRIO & CONTAS CONSOLIDADO 2016 CONSOLIDATED ANNUAL REPORT & ACCOUNTS ENQUADRAMENTO GERAL 7 GENERAL OVERVIEW As energias renováveis foram responsáveis, em 2016, pela instalação na UE de 21,1 GW, Renewable energy accounted for the installation of 21.1 GW in the EU in 2016, which is 5% o que representa um decréscimo de 5% face a 2015. No entanto, continua a ter um peso down on 2015. However, it continues to play a decisive role in total new installed capacity, determinante no total da nova capacidade instalada, tendo mesmo este peso aumentado and this share even increased from 77% in 2015 to 86% in 2016. de 77% em 2015 para 86% em 2016. Repartição das Tecnologias utilizadas na nova Capacidade Instalada em 2016 na UE Breakdown of Technology used in new Installed Capacity in EU in 2016 Fonte Source: WindEurope 51,0% 27,4% 12,7% 4,3% 2,7% 1,0% 0,6% 0,1% 0,1% 0,0% EÓLICA FOTOVOLTAICO GÁS NATURAL BIOMASSA HÍDRICAS CARVÃO DESPERDÍCIOS NUCLEAR ONDAS GEOTÉRMICA WIND PHOTOVOLTAIC NATURAL GAS BIOMASS HYDRO COAL WASTE NUCLEAR WAVES GEOTHERMAL PARQUE EÓLICO DE CHIQUEIRO RELATÓRIO & CONTAS CONSOLIDADO 2016 CONSOLIDATED ANNUAL REPORT & ACCOUNTS ENQUADRAMENTO GERAL 8 GENERAL OVERVIEW A instalação anual de potência eólica na Europa comunitária tem-se desenvolvido de forma Wind power annually installed in the European Community has been steadily developing crescente e sistemática ao longo dos últimos quinze anos. A média de crescimento anual and growing over the past fifteen years. The average annual growth over that period stands ao longo destes anos cifra-se em 9,8%, assumindo como referências os 4,4 GW instalados at 9.8%, taking the 4.4 GW installed in 2001 and 12.5 GW in 2016 as the benchmarks. In em 2001 e os 12,5 GW instalados em 2016. No ano em análise, a Alemanha foi o país que 2015, Germany was the country that grew most in terms of installed wind power, followed mais cresceu em termos de potência eólica instalada, seguida de França, Holanda, Reino by France, Netherlands, United Kingdom and Poland. Unido e Polónia. Potência Eólica em GW Instalada Anualmente na UE Wind Power in GW Annually Installed in the EU Fonte Source: WindEurope 12,8 12,5 12,1 11,6 12,0 10,3 9,9 9,7 8,9 8,4 7,2 6,6 5,9 5,5 5,8 4,4 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Quotas de Mercado de Potência Eólica Instalada em 2016 nos Países da UE Market Share of Wind Power Installed in 2016 in the EU countries Fonte Source: WindEurope 44% 12% 7% 6% 5% 5% 4% 3% 2% 2% 2% 8% 5.443 MW 1.561 MW 887 MW 736 MW 682 MW 570 MW 493 MW 384 MW 282 MW 268 MW 239 MW 945 MW ALEMANHA FRANÇA HOLANDA REINO UNIDO POLÓNIA FINLÂNDIA SUÉCIA IRLANDA ITÁLIA PORTUGAL GRÉCIA OUTROS GERMANY FRANCE NETHERLANDS UNITED KINGDOM POLAND FINLAND SWEDEN IRELAND ITALY PORTUGAL GREECE OTHERS RELATÓRIO & CONTAS CONSOLIDADO 2016 CONSOLIDATED ANNUAL REPORT & ACCOUNTS ENQUADRAMENTO GERAL 9 GENERAL OVERVIEW Em termos acumulados, a potência eólica instalada na UE ascendia no final de 2016 a 153,7 In cumulative terms, installed wind power in the EU rose to 153.7 GW in the EU at the GW e a Alemanha continuava a ser o país com a maior capacidade eólica instalada, logo end of 2016, and Germany was still the country with the largest installed wind capacity, seguida da Espanha, Reino Unido, França e Itália. followed by Spain, United Kingdom, France and Italy. Total da Potência Eólica Instalada em GW na UE Total Installed Wind Power in GW in the EU Fonte Source: WindEurope 153,7 141,7 129,1 117,6 106,0 94,8 85,0 75,1 65,5 57,1 47,8 40,7 34,4 28,5 23,1 17,3 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Conforme se verifica no gráfico seguinte, Portugal é o oitavo país da UE com maior potência Portugal is the eighth largest country of the EU in terms of installed wind power, as the eólica instalada.
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