Greece’s Ellaktor posts greater 2021 revenue, revenues from renewables

April 15 (Renewables Now) – The renewable vitality division of Greek development group Ellaktor SA (ATH:ELLAKTOR), lifted its ETBIDA, web revenue and revenues in 2021, primarily because of the commissioning of recent capability.

The Greek firm booked a web revenue for its renewables section totalling EUR 42.3 million (USD 46.1m), which was 25.7% greater than within the year-ago interval, its monetary report confirmed on Wednesday. Earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) on the division improved by 15.3% to EUR 84.4 million, with no affect registered from the COVID-19 pandemic.

Ellaktor’s renewable vitality operations introduced EUR 105.7 million in revenues, up 12.6% from a yr earlier than as new vegetation began producing energy and contributed to the ability output.

The Greek agency ended 2021 with 493 MW of put in wind, hydropower and solar energy technology vegetation at house. The majority of the capability comes from wind generators. The mixed output of its renewable vitality parks amounted to 1,129 GWh.

Through the previous yr, Ellaktor launched into a brand new partnership with Portugal’s EDP Renovaveis SA to develop 496 MW of wind schemes in Evia and had further wind tasks beneath improvement of greater than 250 MW. It was additionally granted manufacturing permits for 137 MW of photo voltaic parks and roughly 360 MW of battery storage programs.

(EUR 1.0 = USD 1.090)

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