PRESENTATION WATCH THE VIDEO FY20 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 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...GREENALIA TEAMS UP WITH THE RED CROSS FOR THE CONFERENCE “RENEWABLE ENERGY: AN EMPLOYMENT OPPORTUNITY”20/11/20Greenalia is working together with the Red Cross on its program “The Red Cross Responds: Live Towards Employment” (“Cruz Roja Responde. Directos hacia el Empleo” in Spanish) a series of online conferences where each week the NGO tackles a different subject related to tools and strategies for employment. To achieve this objective, they work with different professional sectors and they tune in to demands from the employment market. Within this program Greenalia organized a webinar today on “Renewable energies: an employment opportunity”, where we hoped to demonstrate to participants of the Red Cross program the opportunities that the renewable energy sector could offer over the coming years, where there will be a key focus on energy transition and the decarbonization process. This webinar outlined the opportunities provided by the development of renewable energies and the creation of green employment within the framework of the European Green Deal, which includes the objective of making the EU climate neutral by 2050. To achieve this, a roadmap has been established involving actions to promote the efficient use of resources by moving towards a clean and circular economy, to restore biodiversity and reduce pollution. Within this framework, it should be noted that Greenalia currently works with four types of technology—biomass, onshore wind farms, offshore wind farms and photovoltaics—with a strategic growth plan for each of them. Also very important the investment in digitalization and the use of technology to create a more sustainable and impactful business model. Events like the one being held today form part of the company’s CSR policy, making their social responsibility more transversal and more prominent in every area of the company.... Read more... More News CORPORATE Lastest News 2020GREENALIA 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...GREENALIA ENTERS THE U.S. MARKET ACQUIRING A RENEWABLE ENERGY COMPANY22/07/21The Galician company accelerates its business strategy in America where it has just signed the acquisition of a renewable energy generation company The company plans to develop 670MWp of solar photovoltaic, all in ready-to-build phase, and begin construction over the next year To the commissioning of these solar MWs the Company will add another 170MW of battery storage With this transaction, involving a 450 million dollar investment, the company advances and secures its main strategic plan objectives, expands its technological diversification to 5 technologies (offshore and onshore wind, solar, storage and biomass), and its market diversification to two currencies (euros and dollars) The Galician renewables producer Greenalia leaps forward in its entry into the U.S. renewables market, accelerating its COVID Resilience Plan presented last March in which the goal of expanding the business across the Atlantic to the US was communicated. “The strong commitment and drive of the US Administration for renewable energies has opened an attractive window that we must take advantage of”, Manuel García, Greenalia’s CEO explained. He also stressed that, “with this strategic decision, the company diversifies its risk via its presence in two continents and, at the same time, increases its stability and certainty to achieve the objectives set out in our Strategic Plan”. Greenalia’s CEO highlighted that the US is a priority market for the company and in which the company, due primarily to its structure and way of doing things, is certain it will be able to undertake great projects, as it is demonstrating now with this transaction. “The U.S. is a country that adapts perfectly to our work philosophy, and so I am convinced that we will be able to have rapid growth in this market.” With this acquisition, already communicated to BME Growth, Greenalia plans to start construction of 670MWp of solar photovoltaic in the state of Texas. A project for which it already has the required permissions to access and connect to the grid and it’s ready to build. The company also plans to install 170MW of battery storage. Thus, between the two projects, the investment will be over 450 million dollars. The transaction, coordinated by Greenalia’s International Expansion Director, Alberto Expósito, had Orrick Herrington & Sutcliffe and Agere Energy & Infrastructure Partners as the buyer’s legal and financial advisors, respectively; and AtZ Advisors as the seller’s financial advisor. In addition to this acquisition, Greenalia plans to start processing additional solar, wind and storage projects in the medium term, for which it will continue to study the purchase of other companies in the sector with the aim of boosting its expansion in a sector on the rise in the US while also being part of the decarbonization process in which we are immersed worldwide. A diversified pipeline Currently, Greenalia has a portfolio of over 3 GW, diversified into four technologies (onshore wind, offshore wind, solar photovoltaic and biomass), to which it now adds storage. During 2020, amidst the pandemic, it began the processing of the first floating offshore wind farms in Spain, which will be developed in Gran Canaria, while also starting operation of the largest biomass plant in Southern Europe. ... Read more...GREENALIA’S BOARD OF DIRECTORS APPOINTS JOSE MARÍA CASTELLANO AS ITS PRESIDENT01/07/21The General Shareholder’s Meeting has approved the appointments of José María Castellano, Pablo Castellano and Beatriz Mato as new board members Greenalia’s General Shareholder’s Meeting has approved the appointment of the new BoD members as proposed by the Board in its last meeting held in May. In the session José María Castellano’s appointment as BoD President was also approved. “It is an honor for Greenalia to incorporate someone with the business relevance and experience as Jose María Castellano to its BoD, he is one of the most outstanding Spanish executives in the last decades. His appointment and the part he takes in shaping Greenalia’s strategy comes as great news for us” Manuel García, Greenalia’s CEO highlighted who also took the chance to congratulate and highlight Pablo Castellano and Beatriz Mato’s appointments. The BoD, after this General Shareholder’s Meeting approval of the new incorporations, is composed by six people: Manuel Garcia Pardo, Antonio Fernández-Montells and Beatriz Mato, as executive board members; Antonio Couceiro, as independent board member; and José María Castellano and Pablo Castellano, as dominical board members. This renewal and growth of the BoD (from 4 to 6 members), is framed within Greenalia’s Strategic Plan where the company is planning to join the Stock Exchange (Mercado Continuo) next year and to develop a 4-technology-pipeline (onshore wind, offshore wind, solar photovoltaic and biomass) in the next 5 years. From this moment, Greenalia’s BoD will be composed of: Manuel García, CEO and Greenalia’s founder and main shareholder. Antonio Fernández-Montells, Greenalia’s Chief Financial Officer (CFO), Business Administration graduate and MBA (IESE Business School). With over 14 years of experience, he’s been Greenalia’s CFO since 2016. Previously, he was a consultant at Accenture, PwC and KPMG. Norcorporate, SL, represented by Antonio Couceiro, Greenalia’s independent director, is a civil engineer from the Universidad Politécnica de Madrid (1978). He has a broad background in the business world and extensive professional experience. He served as conselleiro for the Ministry of Industry at the Xunta of Galicia, General Director at Begano and board member at Inveravante. He’s currently President of the Chamber of Commerce, Afigal and Cesgar (Corporate Confederation of Mutual Reciprocity), and president of the Real Club Deportivo de La Coruña. Beatriz Mato, Greenalia’s CSO, Director of Corporate Development and Sustainability since February 2020, is an industrial engineer, major in Business Organization, from the Escuela Técnica Superior de Ingenieros Industriales in Bilbao. MBA (UDC). For 13 years, she worked in the business setting at IBM, Rank Xerox and Norcontrol (now Applus), from where she joined the innovation department of IGAPE. From 2009 to 2018 she was a councilor in the Xunta de Galicia. Today she is also independent board member in Eukaltel Group and in Gestión and Técnicas del Agua (Gestagua) SA. José Maria Castellano, owns 5.18% of Greenalia’s stock since June 2020, has extensive experience as a manager and investor. He became a member of Inditex’s BoD in 1985 and in 1997 he was appointed as vice president and group CEO. He’s also been the president of ONO and NovaGalicia Banco. José María Castellano has a doctorate in Economic and Business Sciences from the Complutense University of Madrid and is a professor of Financial Economics and Accounting at the University of A Coruña and a member of the Spanish Royal Academy of Economic and Financial Sciences. He’s currently a member of various boards of directors at a number of prominent Spanish companies. Since 2015, Pablo Castellano has been president of the Family Office Nakadama, owned by José María Castellano. Previously, he held the position of president at Suburban Design and director of Niki Bosch, as well as a board member of Riopele, all companies in the textile sector.... Read more...GREENALIA FINALIZES THE CONSTRUCTION OF MONTE TOURADO, ALTO DA CROA, AND CROA II WIND FARMS, TOTALLING 28 MW29/06/21The three facilities, required a 21.5 million euros investment, created 290 jobs, and will be able to generate the annual amount of energy equivalent to the consumption of 3,000 homes The renewable energy producer from A Coruña has worked with fifty Galician local companies for the different phases of the project’s development The start-up of these infrastructures will have a significant impact on the municipal coffers through taxes, fees, and the wind canon, in addition to rent payments made throughout the wind farm’s life After 12 months of work, Greenalia has completed the construction of Monte Tourado (Vimianzo), Alto da Croa (Vimianzo), and Croa II (Vimianzo and Dumbría) wind farms, which between the three add up to a total of 28 MW. With a total of 8 wind turbines measuring 84 meters in hub height and 132 meters in diameter each, the three wind farms had an overall investment of 21.5 million euros and created a total of 290 jobs during the construction phase, which took place during the worst part of the pandemic. This number can be added to the number of people who will work with the maintenance and monitoring of the facilities – jobs which will be in existence for the wind farm’s full life. Between the three facilities (Alto da Croa, Croa II, and Monte Tourado), which can be expected to be operational in one month, there will exist the capacity to generate energy equivalent to the consumption of 3,000 homes – all from renewable raw materials, allowing us to reduce our use of fossil fuels. It is important to emphasize that, for the construction of these wind farms, which started in mid-2020 in the midst of the pandemic, Greenalia turned to the experience and collaboration of almost fifty local companies, with the consequent economic revitalization for local businesses. In addition, in terms of fees and taxes, the municipalities of Dumbría and Vimianzo will receive a total of 850,000 euros, with these amounts being paid in 40% and 60% proportionally to each respective municipality, based on the percent occupation of each municipality and number of wind turbines installed. There will also be a wind charge paid annually by the company and taxes will be paid on the business activity, also of an annual nature. Likewise, during the useful life of the three wind farms (30 years), the group of owners of the plots included in the project will receive a total amount of 3 million euros. It is worth highlighting the permanent dialogue maintained with the plot owners, with us able to reach agreements with 97% of said owners for the rental of these lands, mostly shrubland that previously had no use. These figures are just some examples of the economic impact of the company’s wind projects on the business community in Galicia. Implementation of improvements During the permitting phase, the company introduced numerous corrective measures and improvements into the initial project plan, with the aim of minimizing possible environmental, landscape, and/or archaeological effects and going above and beyond the requirements set forth in existing regulations. Among the most important of these improvements was the reduction in the number of planned turbines, both in Alto da Croa and in Croa II. After this change, the three parks, which initially totaled 13 wind turbines, came to a final figure of eight. After the public information phase, Greenalia decided, moreover, that it would be better for the transmission of energy from the wind farms to go underground, preventing the use of overhead power lines for power transmission – something which minimized the possible impact on the landscape. In terms of environmental protection, it was decided, among other actions and in coordination with the General Directorate of Natural Heritage, to conduct a study and monitor the Iberian wolf population present in the area where the Croa and Monte Tourado wind farms were installed. This will help with the monitoring of the wind farms’ construction and operation so as to ensure proper conservation of the species. With regard to the archaeological heritage, in Croa wind farm a complementary measure was put into place which involved the rehabilitation of a tumulus that had been destroyed for years, proceeding to its complete restoration – something which will allow its full value to be enjoyed once its recovery process has finished. Strong social commitment Simultaneously, and as part of the company’s CSR policy, last year a collaboration agreement was signed with the municipalities in which Greenalia has projects in development under which a program was launched in said municipalities to help families with children of school age with the costs of beginning of the 2020-2021 school year. This project benefited 200 children. This is a line of work with which the renewable energy producer is firmly committed, proof of that fact is the creation of the Greenalia Foundation for the Energy Transition, through which all social initiatives carried out where the company works are to be channeled.... Read more...GREENALIA WILL DEVELOP THREE SOLAR PHOTOVOLTAIC PLANTS IN ALICANTE TOTALLLING 150 MW01/06/21These facilities will take over 67 million Euros investment and the mobilization of more than 1,100 jobs during construction and operation The company CEO, Manuel García, held a meeting today with Government officials in Valencia to present Greenalia’s projects in this region The institutional agenda of the company also included Beatriz Mato, Greenalia’s Chief Sustainability Officer (CSO) meeting the mayors of Alicante’s Municipalities where these facilities will be established Greenalia has presented their solar-photovoltaic energy projects in Valencia to the Valencian Government, where they expect to install 150 MWp solar-photovoltaics in three plants of 50 MWp each, all in the province of Alicante. This was explained in the meeting held between Greenalia’s CEO, Manuel García; Greenalia’s CSO, Beatriz Mato, and the regional secretary for Sustainable Economy, Productive Sectors, Trade and Consumption, Rebeca Torró. As company officials explained, the expected developments in this community are Santa Anna l and II in the municipalities of Monforte del Cid in Alicante and Casa Mosén in Salinas. They are all in the examination phase, with connection rights. These facilities expect an investment greater than 67 million Euros and the mobilization of more than 1,100 jobs during its construction and maintenance. Each one will have a production capacity of 100,000 MWh/year. In addition to this meeting with the Valencian Government, the institutional agenda of Greenalia in the Valencian community included a series of meetings of Greenalia’s CSO, Beatriz Mato, with the mayors of the councils where these plants are going to be located with the objective of establishing a permanent dialogue and explaining the project to them. Moreover, she took the opportunity to advance the company’s CSR strategy, where the line of collaboration with the councils where the company has renewable developments will be framed, which will be channeled through the Greenalia Foundation for Energy Transition. The main objective of this is to support social initiatives in the settings the company works in, where they want to act with the widest possible consensus. With a 3.2 GW pipeline, Greenalia is committed to promoting them in zones of better resources according to the technology to be developed. In this framework, it has 660 MW in photovoltaic processing, in projects located in the main resource areas of the Iberian Peninsula (Andalusia and the 150 MW of the Valencian Community), classified as Zone V, with an annual capacity factor of 22-25% (more than 2,000h production annually), much higher than the annual average of 18.8% (1645 equivalent hours, according to the 2018 Electric System Operation Report, published by REE). With its head office in Galicia, the company has one of the sector’s most diversified pipelines and is differentiated from the rest of renewable energy companies due to having projects in four technologies (onshore windfarms, offshore windfarms, photovoltaic and biomass) in development. It’s currently the only company with floating offshore windfarms in examination in Spain, a technology it’s clearly committed to with developments in our country and with which it wants to position itself as one of the main international models, thus driving the great capacities of the Spanish industry in the sector through these developments.... Read more... More News
