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 CORPORATIVE Lastest News 2020MONTE DO CORDAL WIND FARM WILL HAVE A 12.6 MW CAPACITY AND WILL PRODUCE MORE THAN 47,412 MWh, ENOUGH ENERGY TO SUPPLY 13,500 HOMES05/05/21The facilities, developed by Greenalia and comprised of three wind turbines, will be located in Friol with over 10.6 million euros investment Its construction and operation will create 125 jobs for the local area and will contribute more than 260,000 euros to the municipality through taxes and fees. Greenalia, a renewable energy company from A Coruña, will develop the Monte do Cordal wind farm in the municipality of Friol (Lugo). The wind farm will have an installed capacity of 12.6 MW and its investment will be more than 10.6 million euros. The installation, which started public display phase today after publication in Galicia’s Official Gazette, will be made up of 3 wind turbines with a hub height of 107 meters and a rotor diameter of 150 meters and will produce 47,412 MWh each year, enough energy to supply 13,500 homes. Once approved, the construction plan for the wind farm is expected to take five months and create more than 125 jobs. The wind farm’s construction will add €260,000 to the municipal coffers through taxes and fees. The area that will contain the Monte do Cordal Wind Farm is located outside of the Galician Network of Protected Spaces and the Natura 2000 Network, including the area contained within the latter’s Extension Proposal. The development area does not include any IBAs (Important Bird Areas), any priority areas for reproduction, feeding, dispersal, and/or local concentration of birds, and it is more than 10 kilometers from the Terras do Miño Biosphere Reserve. The project includes the different contributions made by the sector organizations during the public information process for this wind farm’s commencement document. Thus, after that phase, the total number of wind turbines was reduced from 4 to 3 (located in a group) so that the impact on the landscape would be minimized. In addition, we must also remember another interesting factor: the use of existing infrastructure for power evacuation, thus avoiding the construction of a substation. Likewise, the internal line for the wind farm has been designed so that it runs underground, thus eliminating the visual aspect thereof. Regarding the monitoring of birdlife, in addition to the study included in the wind farm’s project design phase, during the exploitation phase a monitoring plan will be undertaken to track the possible impact on birds so that improvement mechanisms can be established in the event they are necessary. Likewise, the environmental impact study shows no negative effects on habitats in the exploitation phase. Finally, as noted in the archaeology and cultural heritage report, corrective measures have been established to guarantee suitable protection and preservation of all elements detected to be items of cultural heritage.... Read more...GREENALIA TRIPLES ITS EBITDA IN A YEAR MARKED BY COVID22/04/21The company’s annual results show that its EBITDA grew by 235%, increasing from 3.3 million in 2019 to 11 million last year. During the presentation, the company leads announced the key strategic lines for their 2022 plan, the year when Greenalia intends to transition to the continuous market. In Sustainability and CSR the company reinforced its commitment to local communities where it operates, launched social inclusion, environmental and volunteering projects. The local impact on suppliers in the community is estimated to be more than 40 million euros, creating more than 600 jobs in the area. The renewable energy company Greenalia presented today their annual results for 2020, a year in which they managed to maintain all their activities and even expand their objectives, despite the COVID-19 pandemic, tripling their EBITDA from €3.3 million at the end of 2019 to 11 million in 2020, representing a growth of 235%. During the presentation, the president and CEO of the company, Manuel García, highlighted “the resilience demonstrated by the entire sector, and our company in particular, during an especially complicated year”, where, despite the effects of the pandemic, “not only were we able to maintain working momentum on all our projects, but we also expanded our objectives, increased investment and, consequently, had a more positive effect on our environment”. He also went on to underline the importance of having achieved several important goals like obtaining access to the grid for a total of 2 GW for its projects, and the incorporation of José María Castellano as shareholder, acquiring 5.18% of Greenalia in June last year, an addition that “I’m sure will be an essential pillar in the development of new challenges at Greenalia and who will work with us to strengthen Galicia’s position as an international leader, occupying the space left by other companies in our Autonomous Community”. From a financial perspective, the company is confirming its commitment to the “Develop&Own” business model that ensures recurring income each year exclusively through the sale of energy, with which it is estimated that 2021 will be closed with an EBITDA of more than 20 million euros. Within this area, the company’s CFO, Antonio Fernández-Montells, outlined the investments made during 2020 and the status of the projects, emphasizing the launch of the biomass plant in Curtis-Teixeiro, which marked a turning point last year, becoming the second largest plant in Europe, with an investment of 135 million euros and the creation of 135 direct and indirect rural jobs. In the second half of 2020 the company finished construction of the Ourol wind farm in Lugo, which went into operation two months ago, and began construction of the Croas and Monte Tourado farms, currently in their completion phases, which will complete the Eolo I MOC Plan. This will be followed by “the development of the second part of our EOLO CBT program, which includes three parks with a total power of 110 MW and an expected investment of 120 million euros. We’re expecting to formalize the financial closure of this project in the second half of 2021, with which we’re expecting to generate 16 million euros in annual turnover and an EBITDA of 12 million”, explained Fernández-Montells. Greenalia currently has 96.5 MW in operation (50 MW at the Curtis-Teixeiro biomass plant and 46.5 MW of wind energy at the Miñón and Ourol windfarms), to which the 28 MW from the Alto da Croa, Alto da Croa II and Monte Tourado wind farms will be added at the end of this year. The forecasts for this year include the construction of 10 wind farms, providing a total power of 290 MW, which are estimated to go into operation before the end of 2023. Commitment to biodiversity and the environment In terms of sustainability, the Director for Corporate Development and Sustainability, Beatriz Mato, outlined the companies advances in an area that was strengthened in 2020, including the creation of the company’s own sustainability department and the Greenalia Foundation for Energy Transition, which has already laid the foundations for both applications and its initial projects. She then highlighted all the efforts made to promote the company’s various social inclusion projects, which benefited more than five hundred people in 2020, in addition to the voluntary work of company employees and the initiatives carried out to restore biodiversity in deprived areas or areas with endangered protected species, such as the centaurea ultreiae or the Macaronesian fern. Mato stressed that one of the key focuses of the work at Greenalia is to ensure they make a positive impact on the local environment, both by creating jobs and new infrastructure and by improving the natural environment. This is a core foundation for the company based in A Coruña, which this year invested 40 million euros to hire local suppliers from the community, leading to the creation of more than 600 jobs in the area. “For Greenalia, a commitment to community and the local environment is part of our DNA. That’s why use dialogue to obtain consensus for all of our projects, so we can present the very best proposals for every one of our projects”. The sustainability director went on to explain that, precisely in line with this premise, another of the commitments made and steps taken by Greenalia this year was to strengthen their external communication channels, as they see this as an essential part of their transparency policy. From an environmental perspective, the company has maintained its carbon neutrality for a second year running and also achieved a reduction of more than 60% in the CO2 emissions produced by its activities in 2020, which was made possible by a general effort to optimize and improve all processes by taking sustainability into account from the very beginning stages of every project.... Read more...PENAS BOAS WIND FARM WILL HAVE A 16.8 MW CAPACITY AND WILL PRODUCE MORE THAN 60,000 MWh, ENOUGH ENERGY TO SUPPLY 17,000 HOMES ON AVERAGE13/04/21This installation located between the municipalities of Aranga and Oza-Cesuras will contain four wind turbines and will be built with an expected investment of 14 million euros. Its construction and operation will create 170 jobs for the local area and will contribute more than 400,000 euros to the municipality through taxes and fees. Greenalia, based in A Coruña, will be developing 16.8 MW Penas Boas wind farm between Aranga and Oza-Cesuras Municipalities, areas that are included within the Galician Sectorial wind farm plan. Its development is part of the 135 MW awarded to Greenalia in the renewable energy auction held by the Ministry of Ecological Transition in January this year. The public announcement will be made tomorrow after its publication in the Official Gazette of Galicia today. The Wind Farm will be made up of 4 wind turbines with a hub height of 123 meters and a rotor diameter of 150 meters and will produce 60,267 MWh each year, enough energy to supply 17,000 homes on average. The facilities implementation project is expected to take five months and will create more than 170 jobs. The budget for the park is 14 million euros and its construction will add more than 400,000 euros to the municipality through taxes and fees. On top of this, the company will also generate 64,000 euros every year for the land owners as a lease, a total of almost 2 million euros for the duration of the project. Penas Boas Wind Farm will be located outside of the Galician Network of Protected Spaces and the Natura 2000 Network, including the area contained within the latter’s Extension Proposal. The development area does not include any IBAs (Important Bird Areas), any priority areas for reproduction, feeding, dispersal or local concentration of birds, nor any core areas of the Mariñas Coruñesas e Terras do Mandeo Biosphere Reserve. It should also be highlighted that no part of the wind farm encroaches on any of the areas included in the Galician catalogue of wetlands and there are also no specimens from the Galician Catalogue of Unique Trees within the farm development area, with the closest being located quite a distance away. The presence of the Penas Boas Wind Farm is deemed to be compatible with the criteria established in the Landscape Catalogue of Galicia, since the turbines will not be visible from one of the two routes included in the catalogue, which are located less than 15 km from the farm. Furthermore, an environmental impact study carried out for the project demonstrates that there will be no negative effect on habitats during the operating phase of the project, in fact it will actually involve habitat restoration. Work will be carried out to manage plant biomass within a radius of 100 meters around the wind turbines, which will encourage recolonization, restoration and preservation of the local heaths, which have become degraded and disrupted under the tree plantations. Finally, as established in the archaeology and cultural heritage report, corrective measures have been established to guarantee suitable protection and preservation of all elements recognized as artistic heritage. In any case, it is important to remember that the project is still in the initial application phase, so it will continue to be adapted according to any environmental and heritage recommendations that may come from the various administrations in their respective reports, to ensure that the farm is developed properly and with the utmost respect for the environment.... Read more...OUROL WIND FARM WILL PRODUCE OVER 65,000 MWh YEARLY, EQUAL TO THE ANNUAL ENERGY CONSUMPTION OF 20,000 HOMES10/03/21This is Greenalia’s second park in operation and the company already building another three in Costa da Morte that will add another 28 MW. Ourol’s construction and commissioning phases have mobilized 230 jobs and have generated an economic impact for the municipality of more than 800,000 euros in ICIO construction tax and other fees. Ourol (Lugo) wind farm will produce over 65,000 MWh over the course of this year and will also have a positive effect on the environment, as the renewable energy it produces will avoid the generation of 24,150 tCO2 per year – the equivalent of that produced by 16,300 cars over the course of an entire year. The annual production of this park would be capable of supplying 20,000 homes. The wind farm, which started operating at the beginning of the year, is composed of a total of five 4.5 MW machines, representing an output of 22.5 MW, with a hub height of 109 m and a rotor diameter of 136 m. The investment in the project added-up to 26 million euros and mobilized 230 jobs. This project has also provided the municipal council with sizeable economic benefits in the form of fees and taxes such as the ICIO construction tax – bringing in more than 800,000 euros for Ourol. Greenalia’s strengthens its commitment to renewable energy in Galicia and is currently making progress in the construction of three new wind farms in the Costa da Morte: Alto de Croa, Alto de Croa II and Monte Tourado, with the three wind farms producing a total of 28 MW after their completion in the second half of the year. An additional 270 MW of wind farms is to be developed in the coming years. As such, during 2021, the company will begin the construction of the wind farms pending development included in its Eolo I plan, which will amount to a total of 135 MW and for which funding has already been agreed. To this, they add a further 135 MW awarded in January in the Ministry of Ecological Transition’s renewables auction. In total, 270 MW will be progressively implemented from 2022 onwards. ... Read more...GREENALIA WILL DEVELOP 45 MW PENA OMBRA WIND FARM09/03/21The project involves the towns of Curtis, Guitiriz and Sobrados dos Monxes and plans to install 10 wind turbines, which will produce more than 146,000 MWh/year. With a 34 million euros investment the project will generate 450 new jobs in construction and maintenance stages. This infrastructure is part of the 135 MW won by Greenalia in the renewables auction last January. Greenalia will develop 45 MW Pena Ombra wind farm, a project that plans to install 10 wind turbines in the towns of Curtis, Guitiriz and Sobrado dos Monxes, as reflected in the project in its public exhibition phase, after being published today in Galicia’s Official Gazette. The wind farm will produce 146,178 MWh/year, which will prevent the emission of 12,571 petrol tons per year. In terms of the technical characteristics, the machines will have a hub height of 111 m and a rotor diameter of 136 m. The development of this wind farm is part of the 135 MW awarded to Greenalia in the renewable energy auction held by the Ministry of Ecological Transition in January this year. The presented project includes a environmental, bird life and local heritage studies. It has been concluded that it is compatible with the local environment. In terms of the bird life study, there was no evidence found that the area presents any special interest from an ornithological perspective, and there is no specific migration corridor or any other situation that could lead to groups of birds being harmed by the installation of wind turbines. The archaeological study shows that the park will not have any detrimental effect on any catalogued archaeological or ethnographic sites of interest. The construction and launch of this park will create 450 jobs and involves an investment of 34 million euros, an economic impact that is augmented even further by the boost to the three town councils’ coffers through various taxes, including ICIO construction taxes, which will amount to over 850,000 euros in total. Implementation of 270 MW in the coming years With the processing of this wind farm, Greenalia will continue to advance in the development of wind power in our community, with 46.5 MW of wind turbines currently in operation — in addition to 50 MW from the biomass plant in Curtis — and a further 27.7 MW in construction, providing a total of 74 MW, to which another 270 MW will be added over the coming years. Over the course of 2021, the company will begin the construction of the wind farms pending development included in its Eolo I plan, which will amount to a total of 135 MW and for which funding has already been agreed. To this we add a further 135 MW awarded in January in the Ministry of Ecological Transition’s renewables auction. In total, 270 MW will be progressively implemented from 2022 onwards.... Read more... More News
