PRESENTATION WATCH RECORDING 1H21 FINANCIAL RESULTS DOWNLOAD PDF 2020 SUSTAINABILITY REPORT BUSINESS PLAN WATCH THE VIDEO 2019-2023 BUSINESS FIND OUT MORE DIVISIONS WE CARE ABOUT YOU AND YOURS WATCH CORPORATE VIDEO WE ARE GREENALIA -MEET US- About Greenalia Business divisions Shareholders & investors Sustainability Press Careers LATEST NEWS SUSTAINABILITY GREENALIA VERIFIES WITH TÜV SÜD ITS SUSTAINABILITY REPORT, ONE MORE STEP IN ITS POLICY OF TRANSPARENCY AND GOOD GOVERNANCE27/09/21Independent assessments in environmental, social and environmental solutions have been established as a fundamental tool to comply with sustainability, transparency and good corporate governance policies. For the first time and in pursuit of greater corporate transparency, Greenalia has submitted its 2020 Sustainability Report to an independent verification process that has been carried out by TÜV SÜD. The validation and certification project has been carried out based on Global Reporting Initiative’s (GRI) international sustainability reporting standards, – the global leading compliance institution on environmental sustainability reporting and/or documents in which organizations report on economic aspects, environmental and social activities, products and services-. Once the process was completed, TÜV SÜD, a leading company in the search for solutions in sustainability and good corporate governance, has ratified that the sustainability report presented by Greenalia is in accordance with the principles and guidelines specified by GRI, and the information provided is truthful. This verification also improves the quality, usefulness and credibility of data and management processes. In the words of Beatriz Mato, Greenalia’s CSO, “our strength in sustainability lies in the fact that it is a commitment assumed by all levels of the company, starting with its main driver, our CEO, Manuel García. This Sustainability Report verification, together with our ESG Plan and the entry of the director of sustainability in the Board level adds a plus of responsibility. All the people in the organization must go on working day by day to continue creating value in a sustainable and respectful way” For Diana Abengózar, consultant and auditor of the UN of Sustainability and Good Governance of TÜV SÜD, “our goal is to accompany companies in the development of their commitments acquired in the 2030 Agenda and in line with the Sustainable Development Goals”. To this end, the company offers solutions and services aimed at facilitating the correct fulfillment of the objectives of companies in terms of environmental and social sustainability, as well as in the principles of good governance. “Because only those companies that bet on models based on good governance and sustainability strategies will be really competitive in the medium and long term,” added Diana Abengózar. With this evaluation, Greenalia takes another step in its transparency policy, through which the renewable energy producer relates with the environment and projects its contribution to the territory. The 2020 was the second Sustainability Report of the organization and the first verified, thus allowing it to complete the published financial information, explaining its origin and the way in which it reaches those figures. This action is part of the commitment to ESG (Environmental, Social and Governance factors that make up Sustainability), which Greenalia has been increasing over the years. All this with the aim that sustainability and CSR are present in a transversal way in all the projects developed by the company and to continue the path undertaken in previous years with the approval of the Strategic Sustainability Plan. Thus, during the past year, the renewable energy producer has had a special impact on the promotion of social support programs in those territories in which it is developing business projects. In this way, taking into account the difficulties generated by COVID-19, social initiatives were carried out to support families in the 2020/21 return to school in five Galician municipalities (4 on the Costa da Morte and one in Lugo). To this end, agreements were signed with local administrations, through which financial aid was established for the purchase of school supplies that benefited half a thousand families with children. These initiatives have served as a preamble to what will be the Greenalia Foundation for the Energy Transition, an entity through which social, inclusion and equality projects will be developed in those environments in which the company is implanted. In addition, in the environmental ESG aspect, they continue to calculate their carbon footprint to continue being a Carbon Neutral company, adhering to FSC International, and maintain the Fair Wood certification.... Read more...GREENALIA TO PARTNER WITH THE A CORUÑA BASKETBALL CLUB AS PART OF ITS SCHOLARSHIP PROGRAM FOR YOUNG PEOPLE AT RISK OF SOCIAL EXCLUSION30/03/21The renewable-energy production company has signed an agreement with the sports club, through which it will cover the costs of sports training for twenty at-risk young people. This initiative comes as part of the company’s CSR policy, through which it has partnered with various programs providing socio-educational support to young people in the regions in which it operates or plans to launch projects. The Greenalia company will join forces with the Básquet Coruña basketball club as part of its social-action plan, for which the company will provide twenty training scholarships aimed at young people at risk of social exclusion. Through this initiative, the renewable-energy producer will pay this A Coruña club the training costs (enrolment, equipment and fees) for this student. With this grant, as established in the agreement, Greenalia hopes to do its part to support socio-educational and integration plans for at-risk families. As such, the company continues to support initiatives as part of its annual CSR plan, through which the company supports the development of inclusive actions in the environments in which it operates. The director of corporate development and sustainability, Beatriz Mato, highlights the role of sport in efforts to ensure social integration “through the values of effort, companionship and teamwork it conveys and which are so vital for people’s daily lives”. Greenalia continues to offer its firm support dedicated to struggling families, particularly during the economic crisis caused by the pandemic. This school year, more than 600 grants have been awarded for school supplies to support families in difficulty – a program carried out in partnership with the municipalities in which Greenalia has launched projects. As part of the CSR plan, the company has also partnered with Cáritas for the collection of toys for its Christmas campaign and in its Educa program, to which nine laptops were donated. Now, the company wants to go further, providing access to sport for young people in difficulty. For their part, Básquet Coruña has thanked Greenalia for its work and strong values in taking over the baton from the Emalcsa Foundation, with a contribution that will “allow Básquet Coruña to continue in this important social-integration work launched three years ago, through which boys and girls at risk of social exclusion may continue to practice their favorite sport, for free”. About the Básquet Coruña Basketball Club Básquet Coruña, founded in 1996, is the leading club across the city and its region, with the largest pool of young players in Galicia (558 licenses registered in the Galician Basketball Federation, with 41 teams, and 224 children practicing the sport through seven basketball schools in the 2019-2020 season). Throughout each season, the club carries out a wide range of initiatives to promote basketball, involving more than 2,000 young people. ... Read more...THE BOND OF 55 MILLION EUROS ISSUED BY GREENALIA OBTAINS THE MAXIMUM RATING FROM STANDARD & POOR’S IN ITS GREEN EVALUATION29/01/21Last December the company successfully completed a five-year senior bond issuance intended to bolster its investment plan. Greenalia has just obtained 135 MW of wind power capacity from the renewable energy auction held this week by the Spanish Ministry for Ecological Transition. The 55 million euros bond issued last December by Greenalia in MARF (Spanish Alternative Bond Market) has obtained a B1 rating from the S&P Green Evaluation, the highest of the four possible levels, with E4 being the lowest. The rating was achieved after the operation was evaluated over three key areas: transparency, governance and mitigation. The rating agency’s evaluation report confirmed that their weighted sum gave a result of 76 points. It should be noted that the issuance of 55 million euros of senior bonds on the MARF last December was completed successfully. The nominal unit amount for each bond, intended for qualified investors, was 100,000 euros, with a maturity date of 5 years and a coupon of 4.95%. The issuance was able to achieve its initial objective with support from institutional investors and the company’s two main shareholders (Manuel García and Jose María Castellano). This is the 4th green bond issued by the Company: the first was issued in Spain and the other three in Luxembourg. Greenalia continues to consolidate itself as a benchmark company for these types of issuances and secures its position as a leading SME in these types of operations. The funds obtained through this operation, which just achieved the highest green bond rating from Standard & Poor’s, will be used to cancel the three existing bonds on the Luxembourg Stock Exchange (MTF) and other loans, in addition to continuing development of the company’s portfolio of renewable energy projects.... Read more...GREENALIA CLOSED 2020 REINFORCING ITS SUSTAINABILITY AREA AND ITS ESG POLICIES29/12/20The producer of renewable energy launched a specific department for these areas and social actions were promoted in the municipalities where projects are being undertaken. In 2020, the company began the implementation of its First Diversity, Equality, and Inclusion Plan which includes more than 20 goals to advance equal opportunities. Currently, it is working on the Second Sustainability Report and the revision of the Strategic Sustainability Plan to adapt it to the new SDGs. The promotion of sustainability in the ESG (Environment, Social, and Corporate Governance) framework has been one of the axes around which the work of the new Sustainability Department at Greenalia has revolved. An area created during 2020 with the objective of sustainability and CSR being present in a cross-cutting way in all the projects developed by the company and to continue the path taken in previous years in which the Strategic Sustainability Plan was developed, which has been the company’s road map in this area. The producer of renewable energies has placed special emphasis on the promotion of social support programs in those regions where it is undertaking business projects. Thus, considering the difficulties brought on by COVID-19, agreements were launched with five Galician municipalities (4 on the Costa da Morte and one in Lugo) to support families in the return to school during the 2020/21 school year. To this end, agreements were signed with local governments through which financial aid was established for the purchase of school supplies that benefited 500 families with minors. In educational matters, there was also the agreement signed with Cáritas Coruña last November which governed the donation of laptops for the FamiliaEduca program managed by said NGO. These initiatives have served as a preamble to what will be the Greenalia Foundation for Energy Transition, an entity which is in the process of being established. With its startup, Greenalia will undertake social, inclusion, and equality projects in the environments where it works. In addition, with the aim of continuing to advance Corporate Governance Policies, a compliance action plan is being worked on in line with ESG standards and with the aim of incorporating the best practices of the market for the entire team. Internally, talent management and cybersecurity actions have been strengthened. In terms of the environmental aspect, we continue to calculate our carbon footprint to become a carbon neutral company once again. In addition, we have adhered to FSC International, thus strengthening our commitment and maintaining our Fair Wood certification. 2020-2023 Strategic Equality, Diversity, and Inclusion Plan 2020 was the year in which Greenalia’s first Equality, Diversity & Inclusion (2020-2023) was approved – a plan with which the equality of opportunities between women and men will be promoted and guaranteed. For its development and follow-up, an Equality Commission was created – a body designed to ensure compliance with the more than 20 objectives set out in the document approved this second half of the year. Attached to this plan, the protocol for the prevention and treatment of sexual and gender-based harassment in the workplace has been approved.... Read more...GREENALIA CELEBRATES GLOBAL VOLUNTEERING DAY & DONATES PRESENTS TO SUPPORT CARITAS NGO IN ITS YEARLY THREE-WISE-MEN CAMPAIGN05/12/20Greenalia’s staff participates in the NGOs donations and packaging of toys campaign that will deliver toys for families the night before the three-wise-men holiday Greenalia’s Teams celebrates World Volunteering Day gathering presents and volunteering time to package and deliver them for families in need in these challenging times in support of Caritas Coruña Three-Wise-Men yearly Campaign. During the past month, Greenalia’s Headquarter Offices hosted a present delivery spot for gifts and toys to be donated by the people of Greenalia. Apart from this the team will volunteer time to support the package and delivery campaign that the NGO will organize come year end. In this way, Greenalia lends a hand in this final sprint for an unusual and complex Christmas. This initiative falls within the Company’s CSR Strategy and it is the second one focused in aiding families in need the company has effectively executed in a joint effort with Caritas Coruña. The first one was the support given to the Educa Program via a laptop donation initiative to support this program that aims to aid the more vulnerable youth socially and educationally in a specially challenging year marked by the current pandemic. Supporting families, with a special focus on the most vulnerable ones has been a strong highlight of the company’s CSR actions during 2020. Earlier this year the company also supported 5 key municipalities where the company has developed and is developing renewable assets in their back to school support programs. Thanks to the signing of these collaboration agreement with the incumbent municipalities Greenalia was able to donate schooling materials and economic aid to over 5,000 students and their families.... Read more... More News CORPORATE Lastest News 2020GREENALIA KEEPS CONSOLIDATING ITS GROWTH IN 1H21 WITH THE GO LIVE OF NEW PROJECTS06/10/21The 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 670 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.... Read more...45 MW XESTEIRON WIND FARM BEGINS PUBLIC EXHIBITION PERMITTING STAGE30/09/21The installation promoted by Greenalia foresees an energy production of 130,000 MWh/ year, the equivalent of the consumption of 32,000 homes It will require an investment of more than 34 million euros and will allow the mobilization of 450 jobs between construction and operation Xesteirón wind farm (45 MW) promoted by the renewable energy company Greenalia, begins the public exhibition phase after publication in Galicia’s Official Gazette (DOG) together with the environmental impact study. The installation, planned almost entirely in the Municipality of Chandrexa de Queixa, in Ourense, will also require a small space for wind turbines connection in Montederramo municipality. For the operations kick-off, the construction of 10 wind turbines is planned, each with a 120 meters hub height and a 160 meters rotor diameter. With 45 MW of capacity, it is estimated that it will have an energy production of 130,000 MWh/year, which equals the energy consumption, from renewable energies, of more than 32,000 families. The company estimates over 34 million euros investment to which the contribution to the municipalities for fees and taxes that will be about two million euros is added, plus the rent for land owners rent during the useful life of the Wind Farm. For the display of the park, the several enclaves included within the Galician Network of Protected Areas have been excluded: wetlands of international importance (Ramsar), the Natura 2000 Network, natural spaces of local interest and private spaces of natural interest. In the same way, the infrastructures are located outside the ZEC zone (Special Areas of Conservation), connection of SPAs (Special Protection Areas for Birds), as well as IBA (Important Bird Area). In the same way, the proposal does not affect priority reproduction areas, feeding, dispersal and local concentration of birds, so it is expected to be compatible with the avifauna of the area. From the environmental and landscape perspective, the reports conclude that it is a development with low impact and fully compatible with the environment. Likewise, as stated in the document, the general accesses to the wind farm will be made from the existing road infrastructure in the area, so that the potential impact of secondary elements of the park is minimized. During preliminary work, the Petroglyph of Os Chaos de San Fiz was located, so all the infrastructures of the wind farm were moved outside its scope of protection so as to guarantee the non-affectation to this patrimonial asset.... Read more...GREENALIA OBTAINS THE ADMINISTRATIVE LICENCE FOR THE CONSTRUCTION OF 18 MW MONTE TOURAL WIND FARM01/09/21With the preliminary administrative and construction authorization of Monte Toural wind Farm, the company advances in the start-up of this facility, between Coristanco and Santa Comba It contemplates an investment of 18 million euros and the mobilization of 180 jobs Monte Toural Wind Farm, projected in the municipalities of Coristanco and Santa Comba, has already obtained its construction authorization, as publicized in the Official Gazette (DOG), that made public that the Wind Farm has obtained the different administrative licenses that allow progress in the permitting process of this facility, which will have an installed capacity of 18 MW and an estimated annual production of 53.7 GWh / year. Monte Toural Wind Farm, promoted by Greenalia, will have a total of 4 wind turbines, with 111 meter hub height and 136 meters rotor diameter. Its construction will require an investment of over 18 million euros and the mobilization of 180 jobs. The project already has the environmental impact declaration (DIA), granted by the Administration last November, a document that includes the environmental measures that the company will develop throughout the construction of the facilities, as well as those that it will maintain throughout the wind farm’s useful life. The main environmental corrective measures, incorporated into the project in its processing phase, include the elimination of a wind turbine and the relocation for two of them. It is noteworthy that, in this way, the construction project of the park avoids the populations of the species Centaurea ultreiae, for which Greenalia in collaboration with the USC and AGACAL have a special recovery plan in operation in the area. Likewise, as stated in the authorization, the administrative reports verify the distance of the installation to the rural/urban nuclei, complying with the current urban parameters.... Read more...GREENALIA ADVANCES THE PERMITTING PROCESS OF 7 NEW WIND FARMS, ADVANCING TO THE PUBLIC INFORMATION PHASE27/08/21Borrasca, Boura, Huracán, Mistral, Monzón, Nordés and Ventisca Projects have been published in the Official Gazette to proceed with the public exhibition procedure The seven projects planned in Galicia total over 500 MW of power Greenalia makes progress in the development of its strategic plan taking seven new wind farms (that total more than 500 MW of installed capacity) forward in their permitting process. These are Borrasca, Boura, Huracán, Mistral, Monzón, Nordés and Ventisca Wind Farms, all of them planned in Galicia and already made public in the Official Gazette by the Ecological Transition Ministry advancing their public information process. In the Area of Barbanza, 56 MW and 10 wind turbines Huracán Wind Farm is projected. Each of which rise 105 meters high and have 150 meters of rotor diameter. This project is located between the municipalities of Brión, Lousame, Noia and Rois. Between the municipalities of Valdoviño, Cerdido and Moeche, 67.2 MW Nordés Wind Farm is located, consisting of 12 wind turbines with the same characteristics as the above mentioned wind farm. Lugo wind The other five wind farms: Borrasca, Boura, Mistral, Monzón and Ventisca are located entirely in the province of Lugo. Boura Wind Farm of 72.8 MW of nominal power, will be integrated by thirteen wind turbines, 105 meters high and 150 rotor, planned between Abadín and A Pastoriza. While of 89.6 MW Ventisca Wind Farm, foresees 16 machines of the same characteristics that will be located in Pol. For its part, 50.4 MW Monzón Wind Farm, will be integrated by nine wind turbines distributed between A Pastoriza and Meira. In Lugo’s Mariña we’ll find Borrasca Wind Farm, with a 84 MW and the installation of 15 wind turbines of 105 meters high and 150 of rotor diameter between Lugo municipalities of Foz, Lourenzá and Mondoñedo. For its part, Mistral Wind Farm, with a planned power of 100.8 MW, is located in the Lugo municipalities of Xermade, Guitiriz and Vilalba and contemplates the installation of 18 wind turbines of the same dimensions. The projects permitting processes are completed with the corresponding environmental, archaeological, landscape and avifauna impact studies, which include the corresponding measures for the care and maintenance of the environments and communities from the different perspectives, so that the affection both during construction and the useful life of the parks is the least possible. Regarding environmental measures, in addition to avoiding areas of special protection and richness of biodiversity, the activation of a restoration plan for the recovery of the areas of impact is included. In this sense, the revegetation of the work areas is foreseen in parallel to the end of the different phases, so that the landscape integration is carried out as soon as possible and thus there is no need to wait for the end of the entire construction process. In any case, after this Public Information Phase the projects will be adapted to the environmental and heritage recommendations that could be indicated by the different administrations in their respective reports for the proper development of the installation and, at the same time, seeking the maximum social consensus and respect for the environment.... Read more...GREENALIA OBTAINS THE ADMINISTRATIVE LICENCE FOR THE CONSTRUCTION OF 45 MW BUSTELO WIND FARM26/07/21With the preliminary administrative and construction authorization of Bustelo Wind Farm (WF), between Carballo and Coristanco, progress is being made in the kick-off of operations of this facility that will produce close to 160 GWh/year It contemplates an investment of over 45 million euros and the mobilization of 450 jobs Bustelo Wind Farm, planned in the municipalities of Carballo and Coristanco, counts with the authorization for its construction, as stated in today’s DOG, that publishes the successful completion of the different administrative procedures that allow progress in the start-up of this facility, with a 45 MW installed capacity. Bustelo WF, projected by Greenalia, will have a total of 10 wind turbines, with a hub height of 111 meters and a rotor diameter of 136. To start its operation the WF will require an investment of over 45 million Euros and the mobilization of 450 jobs. The project obtained the environmental impact statement (DIA), granted by the Administration last November, a document that includes the environmental measures that the company will develop throughout the construction of the WF, as well as those that it will maintain throughout its productive life. The main corrective measures incorporated by Greenalia into the project in its permitting phase include: (a) the elimination of a wind turbine; and (b) relocation of a collector center and two machines, all with the objective of minimizing possible environmental and landscape impact and in line with Greenalia’s Sustainable (ESG) approach to business development. Likewise, as another remarkable aspect in environmental protection, the WF construction project avoids Centaurea ultreiae populations and, during the restoration phase of the WF, a specific program of reinforcement of this plant will be carried out, in order to guarantee the increase of the number of existing specimens. Furthermore, a special plan has been established for the control of invasive plant species in WF’s area.... Read more... More News
