{"id":2921,"date":"2021-10-06T12:06:29","date_gmt":"2021-10-06T10:06:29","guid":{"rendered":"https:\/\/greenalia.es\/actualidad\/greenalia-keeps-consolidating-its-growth-in-1h21-with-the-go-live-of-new-projects\/"},"modified":"2023-02-08T10:55:34","modified_gmt":"2023-02-08T09:55:34","slug":"greenalia-keeps-consolidating-its-growth-in-1h21-with-the-go-live-of-new-projects","status":"publish","type":"greenalia_news","link":"https:\/\/greenalia.es\/en\/articles\/greenalia-keeps-consolidating-its-growth-in-1h21-with-the-go-live-of-new-projects\/","title":{"rendered":"Greenalia keeps consolidating its growth in 1H21 with the go live of new projects"},"content":{"rendered":"<ul>\n<li><strong>The company chaired by Jos\u00e9 Maria Castellano reaches a 16.4 million euros EBITDA versus the 2.8 million one in the same period last year, exceeding the forecast set by the <em>Covid<\/em><\/strong> <strong><em>Resilience<\/em><\/strong><\/li>\n<li><strong>The figures reflect the consolidation of the company&#8217;s Develop &amp; Own business model that expects to maintain the recurrence of revenue from the sale of energy in the long term <\/strong><\/li>\n<\/ul>\n<p>The renewable energy company <strong>Greenalia<\/strong> closed the first half of 2021 with revenues of over 36 million euros and a 16.4 million euros EBITDA, which means a fivefold increase in this figure compared to the same period of the previous year and an 86% increase in revenues.<\/p>\n<p>The company&#8217;s CFO, Antonio Fern\u00e1ndez-Montells, shared that <em>&#8220;this semester, with the go-live of new projects, we have undoubtedly consolidated our business model&#8221;.<\/em> Greenalia currently has 6 facilities in operation (totalling 125 MW), <em>&#8220;their kick-off and efficiency improvement measure we adopted have allowed us to increase revenues.&#8221;<\/em><em>\u00a0<\/em><br \/>\nWith these figures, Greenalia exceeds the objectives that had been set in the organization\u2019s 20-21 <em>Covid<\/em> <em>Resilience Plan<\/em>, which &#8220;<em>makes us optimistic and able to achieve, come year end, results above what was initially forecasted. In our initial plan we had established the objective of a 20 million euros EBITDA &#8220;, <\/em>Fern\u00e1ndez-Montells advanced.<\/p>\n<p><strong>Internationalization: USA Projects<\/strong><br \/>\nAnother company milestone should be highlighted was the acquisition by Greenalia of a renewable energy company in the US with two<em> ready-to-build<\/em> <em>\u00a0<\/em>\u00a0projects, the first of which is the MISAE II FV Project totalling 695 MW solar photovoltaic (Texas, USA) considered one of the largest in the country, to which we also add another 170 MW battery storage project.<br \/>\nGiven that both were acquired under Ready to Build conditions, the forecast is that the construction of the photovoltaic installation can begin in 2022 and reach commissioning by the end of 2023, which will accelerate the implementation of Greenalia in the US.<\/p>\n<p>For Greenalia, this transaction constitutes great leverage with which to ensure the development and fulfillment of its strategic plan and expand the pipeline diversification to 5 <em>technologies (onshore wind<\/em>, <em>offshore wind, photovoltaic<\/em>, <em>storage and biomass<\/em>) in addition to allowing it to operate in two currencies (euro and dollar), which offers greater guarantees of shielding against market oscillations.<\/p>\n<p><strong>New developments in Spain<\/strong><br \/>\nFern\u00e1ndez-Montells also advanced that the second part of Eolo <strong>&#8220;Eolo I CBT&#8221; <\/strong>is in the final permitting phase, the three wind farms planned in this program (Campelo, Bustelo and Monte Toural), located in the Galician community, already have an Environmental Impact Statement (EIS) the required Administrative Authorization and are close to financial closure, expected to be formalized this quarter.<\/p>\n<p><strong>ESG Strategy<\/strong><br \/>\nIn parallel to the asset development milestones, Greenalia is advancing and strengthening its corporate ESG policies (environmental, social and governance). The Board of Directors has just approved Greenalia\u2019s <em>Green Book<\/em> containing its main ESG policies to be made available to the public. This <em>Green Book<\/em> becomes a transversal policy integration document of essential environmental, social and governance sustainability vertices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company chaired by Jos\u00e9 Maria Castellano reaches a 16.4 million euros EBITDA versus the 2.8 million one in the same period last year, exceeding the forecast set by the Covid Resilience The figures reflect the consolidation of the company&#8217;s Develop &amp; Own business model that expects to maintain the recurrence of revenue from the [&hellip;]<\/p>\n","protected":false},"featured_media":2922,"menu_order":0,"template":"","categories":[318,307],"class_list":["post-2921","greenalia_news","type-greenalia_news","status-publish","has-post-thumbnail","hentry","category-financial","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Projects With the Go 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