Greenalia closes FY23 with 95.9 million euros in revenues and a 67.7 million euros EBITDA

• The company advances in the development of its multi-technology pipeline in Europe and the United States.
• The company’s value continues to increase and consolidate after achieving the milestones established in its 2023 Strategic Plan.
• Regarding Sustainability, the company advances and strengthens its internal governance structures and systems (Compliance, Risks & Procurement); in addition to boosting and giving continuity, for yet another year, to its social impact projects.

06/14/24.- Greenalia closes its fiscal year 2023 (FY23) with a 95.9 million euros turnover, exceeding the previous year results. Strong and positive results for the organization, focused on its new Strategic Plan 24-28 and the consolidation of its multi-technology renewable pipeline.

Its EBITDA reached 67.7 million euros, 4.3 % more than in the previous period, as stated in its integrated results report. A year, 2023, in which the assets in operation generated a total energy output of 558,836 MWh, equivalent to the consumption of 159,000 households, a 11% increase compared to FY22. With its renewable activity, the company avoided the emission of 237,300 tons of CO2 into the atmosphere, 10% more than in 2022.

Antonio Fernández-Montells, CFO of Greenalia adds that: “we are closing a new strong year with our best results to date, with over 1 GW of projects under construction, in Spain and the United States, which we will soon add to our portfolio of 125 MW in operation in different technologies. We are already present in onshore wind, offshore wind, photovoltaic, biomass, storage, hydrogen and e-fuels.”

Sustainability & Positive Net Impact

 In reference to its Sustainability Practice (framed in its global strategy with the axes of People, Planet, Prosperity and Principles of Governance), Greenalia presented its audited Consolidated Annual Report, together with the Annual Accounts for 2023, thus uniting under the same document the financial and non-financial information. The new Strategic Sustainability Plan 24-28, aligned with the business plan, was also prepared for execution and is currently being deployed.

Greenalia was rated as a low-risk company in its ESG rating by Morningstar Sustainalytics. This ranking measures a company’s exposure to the main material ESG risks in its industry and compares it to its ability to manage them. Greenalia, with a score of 18.3 – a low risk rating – is among the Top 10 best companies in the sub-industry category, which includes independent energy production companies.

In line with this sustainability strategy, in 2023 Greenalia promoted various impact actions under the framework of its Plan and its Green Book of corporate policies. Thus, in 2023, the company increased by 10% the Co2 emissions avoided, reducing direct emissions of tn co2 equivalent/MWh by 25%. It also reduced by 36% its water consumption with respects to FY22.

The year 2023 was also a year of significant progress in the organization’s Corporate Compliance program, consolidation of its Risk Management System and strengthening of its Procurement Structure. In fact, the company is present in 4 alliances for sustainability, the most recent incorporation has been to the Spanish Business and Biodiversity Initiative.

One of the priorities in the execution of the Sustainability Plan has been the positive local impact, and in this line the work of the Greenalia Chair for Energy Transition has continued; 6 sports teams have been supported and promoted and 2 NGOs have been collaborated.

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Strategic reinforcement of human capital

 Also noteworthy is the reinforcement of the organisational structure, senior management and specialised talent all focused in enabling and empowering the company’s organic growth and pipeline development and execution. Greenalia maintains and reinforces its employer brand and continues to position itself as an innovative and forward-looking project with the capacity to promote internal talent and attract external talent. In 2023, all of the employees were part of the corporate development program; the number of training hours per employee were increased by 19% and it achieved 75% of the objectives of its Equality, Diversity and Inclusion Plan.