{"product_id":"edpr-swot-analysis","title":"EDP Renovaveis SWOT Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eYour Strategic Toolkit Starts Here\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eEDP Renováveis leverages strong renewable-capacity growth and integrated European presence but faces commodity-price exposure and grid\/integration challenges; regulatory shifts and expanding offshore opportunities could accelerate scale. Discover the complete picture behind the company’s market position with our full SWOT analysis—actionable insights, financial context, and editable deliverables to support investment, strategy, and pitch-ready planning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etrengths\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Market Leadership and Footprint\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEDP Renovaveis (EDPR) is a top-tier global renewables leader operating in 28 markets across Europe, North America, South America and Asia, with 21.6 GW installed capacity at end-2024. Geographic spread reduces regulatory concentration risk and lets EDPR target high-growth regions while rebalancing returns. Scale drives procurement leverage and unit O\u0026amp;M cost advantages versus smaller peers, supporting a 2024 EBITDA margin near industry upper quartile.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRobust Asset Rotation Strategy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpedp renovaveis uses a capital recycling model to sell mature assets and reinvest proceeds into new wind solar projects crystallizing value in asset disposals raised about funding growth without diluting control.\u003e\n\u003cpby selling minority stakes to institutional investors like pension funds and infrastructure edpr preserves operational control while boosting self-funding lifting return on equity divestments accounted for of project funding.\u003e\n\u003cpthis asset rotation approach proved resilient across cycles edpr keep net debt near in and supporting a pipeline of underlining its central role financial flexibility.\u003e\n\u003c\/pthis\u003e\u003c\/pby\u003e\u003c\/pedp\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh PPA Contract Coverage\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eA vast majority of EDPR’s ~15.8 GW operating capacity (YE 2024) is covered by long-term power purchase agreements, giving \u0026gt;80% revenue visibility through 2028 and protecting cash flows from merchant price swings; this supports predictable EBITDA (2024 adj. EBITDA €1.9bn) and debt service, keeping net leverage around 2.9x (2024) and attracting credit lines and yield-focused equity seeking stable long-term returns.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Synergies with EDP Group\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpas a core subsidiary of edp group renovaveis leverages shared technical expertise and consolidated credit profile reported net debt in access to cheaper long-term financing project pipelines.\u003e\n\u003cpthis relationship supports integrated energy solutions across generation grid and retail while edp group total decarbonization commitment capex plan through ensure aligned strategic support for ren expansion.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAccess to competitive financing (2.6x net debt\/EBITDA, 2024)\u003c\/li\u003e\n\u003cli\u003eShared tech and project pipelines across value chain\u003c\/li\u003e\n\u003cli\u003eParent backing via €20bn capex to 2028 and 2030 decarbonization targets\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pthis\u003e\u003c\/pas\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnological Diversification and Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eEDP Renovaveis (EDPR) has moved beyond onshore wind into solar PV and offshore via the Ocean Winds JV (70 GW pipeline at Ocean Winds level by end-2025), improving capacity mix and reducing weather correlation across sites.\u003c\/p\u003e\n\u003cp\u003eHybrid projects boost capacity factors—EDPR reports group LTM production +8% YoY to ~16.5 TWh in 2024—and lower land needs by stacking PV with wind.\u003c\/p\u003e\n\u003cp\u003eTechnical leadership in offshore (Ocean Winds equity stake 50%) places EDPR well for the floating and fixed-bottom build-out as offshore capex scales to ~$150–200\/MW installed.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePipeline: ~58 GW global (EDPR group, 2025 guidance)\u003c\/li\u003e\n\u003cli\u003e2024 production: ~16.5 TWh\u003c\/li\u003e\n\u003cli\u003eOcean Winds: 50% JV, 70 GW pipeline (OW disclosure)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEDPR: 21.6GW Installed, 58GW Pipeline, €2.1bn Disposals—Resilient, Growth-Ready Renewables\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEDP Renovaveis (EDPR) is a global renewables leader with 21.6 GW installed (YE 2024), ~58 GW pipeline (2025 guidance), ~16.5 TWh generation LTM (2024), strong long-term PPAs covering \u0026gt;80% revenues to 2028, capital-recycling disposals ~€2.1bn (2024) and net debt\/EBITDA ~2.9x (2024), plus parent EDP support (net debt\/EBITDA 2.6x, €20bn capex to 2028).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eInstalled\u003c\/td\u003e\n\u003ctd\u003e21.6 GW (YE 2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline\u003c\/td\u003e\n\u003ctd\u003e~58 GW (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGeneration\u003c\/td\u003e\n\u003ctd\u003e~16.5 TWh (LTM 2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDisposals\u003c\/td\u003e\n\u003ctd\u003e€2.1bn (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\/EBITDA\u003c\/td\u003e\n\u003ctd\u003e~2.9x (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eProvides a concise SWOT overview of EDP Renováveis, highlighting its renewable energy scale and technological strengths, operational and financial weaknesses, growth opportunities from global energy transition and markets, and threats from regulatory shifts, commodity prices, and competitive pressures.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eProvides a clear SWOT snapshot of EDP Renováveis for rapid strategic alignment and board-ready summaries.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eW\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eeaknesses\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Capital Expenditure Requirements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEDP Renovaveis' capital-intensive model needs roughly €1.5–2.0 billion annually to hit its 2025–2030 capacity targets, keeping leverage high and ROIC sensitive to commissioning delays.\u003c\/p\u003e\n\u003cp\u003eThe firm raised €1.2 billion in equity and €3.4 billion in project finance in 2024, showing reliance on markets to fund its pipeline.\u003c\/p\u003e\n\u003cp\u003eAny tightening—eg, a 100–200 bp rise in borrowing costs—could stretch cashflow and push multi‑year project timelines.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSensitivity to Interest Rate Volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEDP Renováveis carries about €6.5bn net debt as of FY2024, so global rate rises materially hit its project economics; a 100bp increase in cost of debt can cut project NPV by ~5–8% and narrow the spread between WACC and asset returns. That sensitivity forces costly interest-rate hedges and swaps—EDPR reported €1.2bn of derivatives at end-2024—raising financing costs and compressing near-term margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGrid Interconnection Bottlenecks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpmany edp renovaveis projects delay revenue because aging grid capacity in the united states and parts of europe creates congestion us interconnection queues exceeded gw according to s global trapping deferring income. managing complex queue raises operational costs capital tie-up reported awaiting connection heightening execution risk margin pressure.\u003e\n\u003c\/pmany\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExposure to Regulatory and Policy Shifts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpdespite global green push sudden cuts to local tax credits or subsidy regimes can make specific projects uneconomic in edp renov faced tightened spanish auctions that pressured margins and asset returns.\u003e\n\u003cpretroactive policy changes and expirations the us production tax credit phasing for projects placed in service after project irrs exposed can alter npv timing.\u003e\n\u003cpoperating in countries raises compliance costs and administrative load edpr reported million g operating expenses tied to development regulatory management.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePolicy shifts can flip project economics quickly\u003c\/li\u003e\n\u003cli\u003eUS PTC phase-out risks future project returns\u003c\/li\u003e\n\u003cli\u003e~30-country footprint increases legal\/compliance costs (€216m in 2024 G\u0026amp;A)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/poperating\u003e\u003c\/pretroactive\u003e\u003c\/pdespite\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDependence on Asset Rotation Timing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe company’s model depends on selling projects at attractive valuations to institutional partners; in 2024 EDPR sold assets worth €1.2bn to fund growth, showing sensitivity to exit prices.\u003c\/p\u003e\n\u003cp\u003eIf global liquidity tightens or investor appetite for renewables falls—as seen in Q3 2023 when infrastructure deal volume dropped ~22% year-over-year—the self-funding loop could break.\u003c\/p\u003e\n\u003cp\u003eThat links execution risk directly to macrofinancial cycles: a 100 bp rise in bond yields can widen discount rates and reduce sale values materially.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 asset sales: €1.2bn\u003c\/li\u003e\n\u003cli\u003eInfra deal volume drop (Q3 2023): ~22%\u003c\/li\u003e\n\u003cli\u003eExecution risk tied to yields: +100 bp → lower valuations\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEDPR: High capex, €6.5bn debt and grid delays risk project value and margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEDP Renovaveis is capital‑intensive (needs ~€1.5–2.0bn\/yr to meet 2025–30 targets), with €6.5bn net debt (FY2024) and high sensitivity to +100–200bp rate moves that can cut project NPV ~5–8% and force costly hedges (€1.2bn derivatives end‑2024). Grid bottlenecks (US interconnection \u0026gt;1,000GW in 2024) left ~€1.2bn projects awaiting connection, delaying revenue and squeezing margins.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\u003c\/td\u003e\n\u003ctd\u003e€6.5bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAnnual capex need\u003c\/td\u003e\n\u003ctd\u003e€1.5–2.0bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDerivatives\u003c\/td\u003e\n\u003ctd\u003e€1.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProjects awaiting grid\u003c\/td\u003e\n\u003ctd\u003e€1.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUS interconnection queue\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;1,000GW\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eSame Document Delivered\u003c\/span\u003e\u003cbr\u003eEDP Renovaveis SWOT Analysis\u003c\/h2\u003e\n\u003cp\u003eThis is the actual SWOT analysis document you’ll receive upon purchase—no surprises, just professional quality. The preview below is taken directly from the full SWOT report you'll get, and the content shown is a real excerpt from the complete, editable file. You’re viewing a live preview of the exact analysis included in your download; the full, detailed version becomes available after checkout.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56752755376505,"sku":"edpr-swot-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/edpr-swot-analysis.png?v=1772244972","url":"https:\/\/matrixbcg.com\/products\/edpr-swot-analysis","provider":"MatrixBCG","version":"1.0","type":"link"}