Acciona Energía increased net profit significantly in H1 2021

Spanish infrastructure and energy company Acciona Group achieved revenues for the first half of 2021 of €3,555 million, an increase by 16.8 percent compared to 3,042 million in the first half of 2020. The company's energy business through its subsidiary Acciona Energías Renovables, S.A. (Acciona Energía) alone reached turnover of €1.04 billion (+23.2 percent) during the period. The increase in energy revenues are mainly due to the higher generation sales in the international market.
The group's EBITDA grew by 28.7 percent to €643 million, profit before tax (EBT) was up 448 percent to €228 million. Net profit went up 566 percent to €148 million, compared to €22 million H1 2020.
Total installed capacity at the end of June stood at 11.2 GW, up from the 10.4 GW a year earlier. In the last twelve months, the company has installed 781 MW of new capacity: 158 MW of wind in Australia (Mortlake South), 170 MW of wind in the US (Chalupa), 214 MW of wind in Mexico (San Carlos and Santa Cruz), 238 MW of solar PV in Chile (Malgarida) and the first floating photovoltaic plant connected to the grid in Spain (Sierra Brava, 1.1 MW). The total installed capacity include 8.7 GW wind and 2.4 GW other technology of which were 1.44 GW PV.
During the first half of 2021, Acciona Energía installed 494 MW of capacity. As of June 30th, 495 MW were under development. A further 1,250 MW is scheduled to begin construction in the coming months, which will enable the company to meet its growth plan for this year and strengthen prospects for 2022.
Turnover in Spain during the first half of the year amounted to €564 million (+19.5 percent), driven by the company’s energy supply activity. Revenues from energy generation rose to €321 million (+4.3 percent). Consolidated capacity remained practically unchanged at 4,452 MW over the last twelve months, with the exception of the Sierra Brava PV plant (1.1 MW). Production stood at 5,228 GWh (+2.3 percent). The average price recorded by Acciona Energía in the Spanish market, including regulated revenues, was €61.4/MWh (+2 percent).
Revenues in other countries worldwide amounted to €477 million (+27.9 percent), driven by new capacity in the US and solid risk and operational management. International consolidated capacity stood at 4,672 MW (+20 percent), with production amounting to 4,999 GWh (+6.1 percent). The average international price reached €75/MWh (+20.3 percent).

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