Green Boom boosts the business of Audax, Solaria, Grenergy, Soltec and Cox.

Renewable fever in Spainwith a career purchase and sale of projects and signature long-term supply contracts (PPA)promotes results of independent energy companies to figures that in many cases are historical.

alternating currentgives one of different positions, They are all producing record numbers.

Audax Renewable Energy quadrupled its profits in 2023 to reach 31.3 million euros, its “best ever result”, the company said yesterday, despite its revenue falling 13% to 2.293 million. Audax ended 2023 with gross operating result (EBITDA) of 96.1 million, up 78% from the prior year, driven by the vertical integration of its power generation and commercialization activities.

The best year of Solaria

Solarium ended 2023 as “its best year”, earning €107 million, up 19.4% on the year before, thanks to “the progress of its business, especially outside Spain, where it already concentrates more than half of its order book.” The Ibex firm said yesterday it produced 2.27 terawatt-hours last year, up 62% from a year earlier, and earned 230 million, up 37%.

Grenergy recorded a net profit of €51.1 million in 2023, almost five times (+395%) the previous year’s profit of €10.3 million.

Accounts are also kept. The group increased its revenue by 37%, a historic figure for Grenergy, to €400.2 million. The company more than doubled (+108%) its gross operating result (EBITDA), thus reaching 104.5 million euros.

These results were due growth in energy sales as a result of the commissioning of new photovoltaic plants, as well as an asset rotation plan.

The Grenergy group, currently the most capitalized renewable energy company on the stock market after Solaria, launched the Valkyria project at the beginning of 2023. which included the sale of a portfolio of projects, of which 85% have already been sold.

Key: not just profit

The group specializes in photovoltaic energy. Soltek earned 11.7 million euros in 2023, which is 14% less than the 13.1 million received a year earlier.

Fewer, but analysts value revenue growth above all else. Consolidated sales increased by 3% to €587.2 million.

Revenue particularly improved in the fourth quarter, rising 72% to $283.1 million, driven by its solar tracker business. The income effect also stimulates Coke.

Abengoa begins to shine

Energy division of the group, Coxabengoa, cut its losses by 54.5% in 2023 to €4.483 million, down from a red figure of €9.85 million the previous year. In 2023, the group tripled its income to 68.3 million by integrating the assets of the former Abengoa.