Spain’s Grenergy books EUR-16m web revenue in 2021 as revenues spike 94%

March 1 (Renewables Now) – Spanish renewables firm Grenergy Renovables SL (BME:GRE) on Monday reported a web earnings of EUR 16 million (USD 17.9m) in 2021, up 6% year-on-year, pushed by gross sales of photo voltaic PV vegetation to 3rd events and energy technology earnings from personal portfolio.

Earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) jumped by 75% on the 12 months to EUR 41.4 million, whereas revenues got here at EUR 220 million, up by 94% year-on-year, Grenergy mentioned.

The corporate was capable of revenue from the sale of 103 MW of photo voltaic PV farms it developed below the build-to-sell enterprise line, and earn new revenues from personal vegetation that have been linked in the course of the reporting interval. In 2021, Grenergy commissioned the 200-MW Escuderos photo voltaic farm in Spain, and distributed photo voltaic vegetation totalling 95 MW in Chile and 48 MW in Colombia.

Subsequent in line for the build-to-own enterprise line are 22 distributed photo voltaic tasks in Chile and Colombia, and one other utility-scale photo voltaic farm in Spain, all of that are below building.

At current, Grenergy has 541 MW of capability in operation, with photo voltaic PV making up 481 MW of the overall and wind farms accounting for 60 MW.

(EUR 1.0 = USD 1.12)

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