Press room

Solarpack ends the first quarter of 2021 with €12.2 million of EBITDA

By ad_solarpack

Solarpack ends the first quarter of 2021 with €12.2 million of EBITDA and 3.6 GW of projects that are candidates to become new order intake during 2021.

Solarpack culminates a first quarter of 2021 with a solid power generation activity from its 450 MW in operation in Spain, Peru, Chile and India:

  • Achieves operating revenues of €28.4 million in Q1 2021 (vs. €35.0 million in Q1 2020), an EBITDA of €12.2 million (vs. €18.9 million in Q1 2020) and a net profit of €0.3 million, against €6.5 million in Q1 2020, which saw development and construction margins above the guidance given to the market.
  • Increases its portfolio of projects under development from 8.1 GW to 8.7 GW since the last presentation to the market and plans to participate in 2021 with c. 3.6 GW in tenders and commercial initiatives to sell energy and projects in various markets.
  • Obtains this quarter a development and construction margin in the lower part of the range given to the market as a result of the higher costs seen in some of the projects for third parties in Chile (which have been affected by delays derived from confinement and disruptions in logistics markets) partially offset by strong margins in the 3SP project in Malaysia.

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OiR+NdP+Pres Q1 2021_EN