Atlantica increases 9-mo net profit, CAFD up 6.4%

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) reported a net attributable profit of USD 61.2 million (USD 51.5m) for the nine-month period through September, up from USD 60.8 million recorded a year back.

Adjusted EBITDA including unconsolidated affiliates dropped by 5.6% year-on-year to USD 621.0 million, while nine-month revenues totalled USD 768.7 million, compared to USD 798.2 million during the same period in 2019. The clean energy company said that these declines were mostly a result of lower solar resource in Spain and lower production at the KaXu Solar One concentrated solar power (CSP) plant in South Africa, caused by an unscheduled outage occurring in the first quarter of the year.

Cash available for distribution (CAFD) reached USD 149.2 million, up by 6.4% year-on-year. The Atlantica board of directors approved a dividend of USD 0.42 per share, to be paid on December 15.

Atlantica’s financial results for the first nine months of 2020 are summarised below:

As of September 30, Atlantica has 1,551 MW of renewable energy assets in operation. Its plants generated 2,608 GWh during the first nine months of 2020, down from 2,700 GWh over the same period a year back, the company’s results show.

(USD 1.0 = EUR 0.842)

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