Acciona Energia's net profit soars 76.6% in 2021

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February 24 (Renewables Now) - Spanish renewables company Corporacion Acciona Energias Renovables SA (BME:ANE), better known as Acciona Energia, on Wednesday posted a 76.6% year-on-year surge in net profit to EUR 363 million (USD 413m) for 2021.

Acciona Energia, which carried out an initial public offering (IPO) last summer, said its results reflect the development of its global Generation businesses plus an improvement in its financial efficiency.

The company’s 2021 revenues rose by 39.8% to EUR 2.47 billion thanks mainly to growing contributions from its operations in the US, Spain and Chile. More details are available in the table below.

Figures in EUR million 2021 2020
Revenues 2,472 1,769
-- Generation Spain 799 646
-- Generation International 718 585
-- Intragroup adj., Supply & Other 956 538
EBITDA 1,086 868
-- Generation Spain 573 385
-- Generation International 542 459
-- Intragroup adj., Supply & Other (29) 24
Attributable net profit 363 206

Consolidated renewable energy production increased by 3.3% to 20,093 GWh, including 10,532 GWh in international markets and 9,561 GWh at home in Spain.

Acciona Energia’s total installed capacity stood at 11.2 GW at end-2021, compared to 10.7 GW a year earlier. The company said it is on track to double installed capacity to 20 GW by 2025 and expects to deploy 828 MW this year.

(EUR 1.0 = USD 1.137)

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