Atlantica narrows loss in H1 2021 as revenue, EBITDA rise

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) reduced its attributable net loss to USD 6.83 million (EUR 5.75m) during the first six months of 2021, compared to a USD-28.17-million hole in the same period a year prior.

The renewable energy company, which also operates gas and water assets, on Tuesday reported a 31.2% revenue growth and a 6.3% year-on-year increase in adjusted EBITDA, including unconsolidated affiliates, for the first semester. Atlantica said the improved revenue and EBITDA figures mainly resulted from recent investments in new assets, higher renewables production and foreign exchange differences.

Cash available for distribution (CAFD) reached USD 109.9 million, up by 12.9% on the year.

Atlantica’s key figures for the six-month period are presented in the table below:

During the reporting period, Atlantica grew its renewable energy portfolio to 2,018 MW in operation, compared to 1,551 MW in the year-ago period.

Production from renewables rose by over 33% year-on-year to 1,984 GWh, mainly on contribution from newer investments and better solar radiation in North America and in Spain, Atlantica said.

The company approved a dividend of USD 0.43 per share to be paid in mid-September of 2021.

(USD 1.0 = EUR 0.842)

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