Renewable producers make their August in the middle of the gas price crisis
A gas crisis is brewing in Europe Renewable energy in new manna, The end of September saw the results presented by the sector’s independent producers. Even if they are far away Widespread profits accrued by heavyweights -The group in which Iberdrola, Endesa, NatureRepsol or EDP-, small companies that are part of the energy transition, have recorded exceptional numbers compared to previous years.
It is not new that the expansion of green energy has increased the number of companies devoted to the generation of electricity through photovoltaic solar energy, which facilitates the low cost of these facilities. To get an idea of the magnitude of this increase, UNEF, the benchmark association for the sector, currently brings together 117 manufacturing companiesIncluding the big ones mentioned above.
However, Most of them have an independent character And they have seen that their business margins have not been affected by the tension in the gas market, which has happened to integrated companies or those that have chosen to commercialize this resource, which cannot transfer costs to their customers. Terminate the contract or stop serving them, as the Catalan company Holaluz did.
The Bank of Spain has already pointed to his last point Financial Bulletin – published with data from the second quarter – how they had it Significantly increased the margins of companies dedicated to generation By 20 points, while marketers’ prices fell. This situation is exacerbated by the high price of gas in the summer, which can be seen from the results presented in recent weeks.
Number of independents
The company is one of the clear winners in the new energy context EiDF Solarwhich is listed on BME Growth and is Its turnover increased by 933% to 316 million euros At the end of September, EBITDA was 47 million.
This is the way shown Solaria, listed on Ibex35 and focused on the development of photovoltaic solar plants, increased its net profit by 86% to 69.7 million euros in the first nine months of 2022. To reach 121 million, a growth of 51% is a good mistake.
Also opdenergy Its turnover grew by 75% year-on-year in the third quarter, with a profit of 11 million compared to a loss of 9 million in 2021. Its revenue improved by 73% year-on-year to 52.3 million euros. . This situation is repeated in the case of granary, whose last result presented relates to the second quarter. Already its profit rose by 29% to 8.8 million, a 30% increase, to 107.4 million.
Other BME growth is listed above, eg Solar gain, in the first half of 2022 up to a total of 42 million euros entered more than in 2021. Others like it enerside By June 2022 they have gone from 0.4 to 11 million invoicing compared to a year ago, multiplying their profits by five to 4.3 million.
The unstoppable transition to green energy is conditioning the future of these companies, which They haven’t stopped announcing new projects in recent weeks. While EiDF accumulates 305 projects in its portfolio to develop 2,600 megavaris (MW), Solaria will add another 1,200 MW to its 8 GW already spread across Spain, Italy and Portugal.
Another major player in the independent sector, Opdenergy, has also informed the CNMV that it has obtained environmental authorization for all its projects in Spain, a total of another 1,146 MW. It has also signed a financing agreement with Sabadell to develop a 285 MW project in Castilla y León.
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