Greenalia doubles internet revenue in H1 2022

December 5 (Renewables Now) – Spanish renewables developer Greenalia has doubled its internet revenue within the first half of 2022, recording EUR 10 million (USD 10.4m), the corporate introduced final week.

Revenues have been up by 89% year-on-year to EUR 53.1 million, whereas earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) got here at EUR 24.5 million, up by 49%, Greenalia stated.

In keeping with the corporate, the primary semester of 2022 was the very best interval in its historical past. The optimistic outcomes have been owed to the corporate’s consolidation and wonderful efficiency of its operational belongings — 5 wind and one biomass-fired plant — totalling 125 MW mixed.

Throughout the six-month interval, the Spanish developer expanded its presence within the US, the place it just lately acquired three utility-scale photo voltaic tasks totalling 502 MWp and one 303-MW wind project in Texas.

The corporate additionally highlighted the signing of two wind energy buy agreements (PPAs) as essential milestones. Particularly, a PPA for 183 MW with US aluminium producer Alcoa Corp (NYSE:AA) and one other supporting 123 MW of wind energy with Japanese chemical substances firm Showa Denko Ok.Ok. (TYO:4004).

(EUR 1.0 = USD 1.045)

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