Madrid, September 3, 2012. – Solaria Energía y Medio Ambiente S.A., solar energy company present along the PV value chain, from solar module manufacturing to power generation, has released its financial results for the first half of 2012. During the first six months of 2012, net sales stood at 23.4 million Euros, focusing on sources of recurrent incomes such as power generation and operation and maintenance.
Solaria has registered an EBITDA on net sales of 17.73%, representing an increase of 9.71% over the same period last year, due to the cost reduction plan implemented in this exercise, among others. The net result dropped as a consequence of the increase in amortization of photovoltaic plants and finance costs arising from project financing.
By business line, in the first half of 2012 stands the power generation representing 61% of total sales. Once this business line profitability has been demonstrated, Solaria continues intensify investment in new projects to be developed during 2012.
Solaria advances towards its geographical and business diversification, consolidating its presence with projects in South Africa, Middle East and Latin America.
In this sense, Solaria is finalizing a photovoltaic plant in Brazil that will become one of the largest PV plants in terms of installed capacity in the country. Other countries like Ecuador are also part of the priorities in its business development, where the company has local partners to develop 25MW. In this context, Solaria is developing a PV plant that will be in operation in the second half of 2012.