Intermediate Management Report 4Q2020
Madrid, 8 February 2020
In a statement released earlier today, Solaria disclosed its FY20 earnings and increased its installed capacity target from 6.2GW in 2025 to 18GW in 2030.
2020 has been a great year for the company with strong growth in earnings: TOTAL REVENUES up +48%, EBITDA rose +56% and NET PROFIT increased +27%. Solaria has 1,030MW onstream and under construction and is maintaining targets of 2,150MW at the end of 2021.
In 2020, the company has built the fundamental pillars to undertake its strong growth in the Iberian Peninsula and in Europe.
Trillo will be the largest PV project in Europe with 2021 and its construction will begin in April 2021.
Solaria is the PPA leader in Iberia with more than 1.5GW secured with top European companies.
In December 2020, European Union leaders approved the reduction of greenhouse gas emissions by at least 55% by 2030 implying a huge increase in renewables electricity production from 32% to 65% in the next decade. Therefore, Solaria has an exceptional opportunity to increase its growth from 6.2GW by 2025 to 18GW by 2030. This target, on top of the 10GW expected in Spain, includes an international expansion with 1GW in Portugal, 3GW in Italy and 4GW in others European countries.
Solaria Chairman Enrique Díaz-Tejeiro pointed out that after an excellent 2020 year, 2021 will be marked among other milestones by the construction of the largest PV complex in Europe. Spain will supply solar energy to Europe and becomes the reference worldwide. In addition, thanks to our great team of professionals and the knowledge acquired in the last 15 years, Solaria will further consolidate itself as the European PV leader with 18GW in 2030.
