• The company chaired by José 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’s Develop & Own business model that expects to maintain the recurrence of revenue from the sale of energy in the long term

The renewable energy company Greenalia 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.

The company’s CFO, Antonio Fernández-Montells, shared that “this semester, with the go-live of new projects, we have undoubtedly consolidated our business model”. Greenalia currently has 6 facilities in operation (totalling 125 MW), “their kick-off and efficiency improvement measure we adopted have allowed us to increase revenues.” 

With these figures, Greenalia exceeds the objectives that had been set in the organization’s 20-21 Covid Resilience Plan, which “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 “, Fernández-Montells advanced.

Internationalization: USA Projects

Another company milestone should be highlighted was the acquisition by Greenalia of a renewable energy company in the US with two ready-to-build   projects, 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.

Given 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.

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 technologies (onshore wind, offshore wind, photovoltaic, storage and biomass) in addition to allowing it to operate in two currencies (euro and dollar), which offers greater guarantees of shielding against market oscillations.

New developments in Spain

Fernández-Montells also advanced that the second part of Eolo “Eolo I CBT” 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.

ESG Strategy

In 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’s Green Book containing its main ESG policies to be made available to the public. This Green Book becomes a transversal policy integration document of essential environmental, social and governance sustainability vertices.

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The person responsible for data treatment is Greenalia, S.A and the purpose of said treatment is to comply with the legal and internal obligations provided for in our regulatory compliance codes. The legitimation of the treatment is the fulfillment of a mission of public interest (Organic Law 1/2015) and the consent of the interested party. The conservation of the data provided in this Channel will be carried out in accordance with the legally established deadlines (and in any case never exceeding 3 months). For the execution of the service, the data provided in the channel will be managed by Marca Franca, SL, who guarantees and ensures the confidentiality, integrity and security of the channel, as well as is in charge of carrying out the appropriate anonymization tasks before transferring to those responsible for the Greenalia regulatory compliance bodies for their management and processing and, where appropriate, the adoption of the disciplinary and legal measures that may be appropriate.

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In case of providing data on behalf of a third party under 14 years of age or with legal incapacity, the user or interested party acknowledges and guarantees by means of a responsible declaration when using the channel that they have the necessary representation to carry it out (parental authority, guardianship or legal representation) and that it may justify it if required by Greenalia to legitimize its action.


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El interesado y usuario de este canal podrá ejercer sus derechos frente al responsable según consta en la información adicional de la política de protección de datos o en el correo Igualmente podrá dirigirse al encargado del tratamiento Marca Franca, S.L a estos efectos.

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