Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe

ACCIONA releases half-year results and net profits are up

By Michelle Froese | July 26, 2018

ACCIONA obtained €186 million in attributable net profit in the first half of 2018 (+132.1% year-on-year) due both to business growth and to the capital gains on the divestment of Concentrated Solar Power (CSP) plants in Spain and of Trasmediterranea. Excluding capital gains (€85 million), ordinary profit amounted to €100 million (+25.6%).

Profits on the rise

In the first half of 2018, ACCIONA added a total of 359 MW of wind capacity in Mexico, Australia, Canada.

Earnings before interest, taxes, depreciation, and amortization (EBITDA0 increased to €618 million (+6.7%) due to the combined effect of growth in its energy (+6.7%) and infrastructure (+8.3%) divisions, the latter boosted by 31.5% growth in construction EBITDA. In comparable terms of the consolidation perimeter, EBITDA growth would have been around 13%.

Revenues totaled €3.53 billion (+4.1%) in the first half of 2018. Good performance by the energy division (+17.6%) was due to higher output in Spain and other countries.

In terms of business performance, the energy division saw revenues rise to €1.02 billion (+17.6%) while EBITDA amounted to €392 million (+6.7%). EBITDA in the Spanish business grew (+8.9%) due to higher output in the period (+13%) and despite a slight decline in wholesale prices and the negative impact of the regulatory banding mechanism.

EBITDA in international power-generation business increased by +4.8% as a result of higher production and better pricing. The addition of 359 MW of wind capacity in Mexico (183 MW), Australia (132 MW), Canada (38 MW), and India (6 MW) amply offset the impact of divesting the CSP plants (250 MW). Consolidated output totaled 9,788 GWh (+12.3%).

For the full statement, click here.


Filed Under: Financing, News
Tagged With: Acciona
 

About The Author

Michelle Froese

Related Articles Read More >

US government allows Empire Wind offshore project to resume construction
Richardson Electronics to deliver pitch energy modules to TransAlta wind fleets
Equinor halts work on Empire Wind offshore project after federal government order
ARESCA wants input on offshore wind standards

Podcasts

Wind Spotlight: Looking back at a year of Thrive with ZF Wind Power
See More >

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Subscribe to Windpower Engineering
  • About Us/Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe