Greenergy doubles sales and EBITDA as of March and grows net profit by 15%

Greenergy doubles sales and EBITDA as of March and grows net profit by 15%

Greenergy Renewables clarifies that these outcomes are marked by the sale of two photo voltaic parks in Chile with a capability of 21.6 MW and the corporate’s agency dedication to long-term energy buy agreements (PPAs), which have allowed them to outlive. The impact of declining power costs on their accounts. The corporate, a producer of renewable power and specialist within the improvement, building and administration of photovoltaic, wind and storage initiatives, has already signed 1.4 GW of those agreements in Spain and Chile, contracting 2,000 million euros in income. group degree. As well as, Greenergy has 1.5 GW underneath negotiation.

The entry into operation of recent initiatives and the recurring rotation of belongings carried out by the corporate clears Greenergy’s financing horizon for this yr and for the subsequent yr 2024, thus avoiding the necessity to resort to different kinds of operations. Is.

progress within the pipeline

Greenergy for use this primary quarter of 2023 Substantial progress in undertaking portfolio, going from 12.5 GW wind and photo voltaic to present 14 GWOf which 1.8 GW is already operational or underneath building. These embrace the entry into operation of the 150 MW Bellinchon photovoltaic plant and the beginning of building of the 172 MW Ayora and 50 MW José Cabrera parks.

The increase has been significantly vital within the storage portfolio, the place the listed firm has grown from 7.7 GWh to round 10 GWh immediately.

The Latin American market, led by Chile, leads this battery phase with 4 GWh. It’s adopted by the US with 3 GWh and Europe with 2.8 GWh. The three full their photo voltaic and wind portfolios with 4.8 GW, 4.4 GW and 4.0 GW respectively.

chief in sustainability

GREnergy has continued to strengthen its dedication to sustainability throughout this era. Thus, it has submitted the primary Audited Sustainability Report of 2022 with none deviations and met the targets set for this primary quarter within the ESG 2023 Roadmap.

This work has additionally been rewarded by being acknowledged as one of the best ranked firm within the ESG rankings of the ISS, CDP, MSCI and Sustainlytics indices.

In line with GreenEnergy CEO, David Ruiz de Andres, “Our confirmed potential to contract electrical energy gross sales by means of PPAs, asset rotation that permits us to lift capital, in addition to vital dedication to batteries, permit us to attenuate dangers. Will permit to do and preserve the tempo of improvement ”.