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Solaria's Chairman, Enrique Díaz-Tejeiro, together with Ricardo Mourinho Félix, Vice-President of the EIB.

3Q19 RESULTS: SOLARIA MULTIPLIES BY 5 ITS INSTALLED CAPACITY TO 360MW

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Madrid, 14 November 2019

 

In the first nine months of the year, SOLARIA maintained its growth, improving REVENUES by 2.4% to €30.3mn, EBITDA by 1.5% to €23.43mn due to the sound operating performance of all the company’s installations.

The company’s operational progress remains very strong, explained Solaria Chairman Enrique Díaz-Tejeiro. To install so far this year 285MW and multiply by 5 our installed capacity is a great success.

In addition, Solaria has signed a long-term financing agreement with Banco Sabadell S.A. for 4 PV power plants representing a total power of 108.5MW associated to Repsol PPAs.

“It is also very relevant that despite our big investments, we are managing our financial resources very efficiently increasing our cash and working capital” points out Díaz Tejeiro.

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