EDP installed capacity reached 23.2GW in Mar-12, representing a 5% increase over the past 12 months. This growth was prompted by new wind capacity (+532MW) and the start-up of two hydro repowerings in Portugal: Picote II (246MW) and Bemposta II (191MW). In turn, generation output in 1Q12 reached 15TWh, 60% of which derived from CO2-free technologies (wind & hydro) despite very dry weather conditions in Iberia. Energy distributed by EDP rose 3% supported by gas in Iberia.