Acciona SaBME: ANA

Q1 2025 financial and operating data (q1 2025 ana financial operating data)

· Issued by Acciona Sa
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ACCIONA
Q1 2025
Financial and operating data
Table of contents Page
Operating Data - Summary 1
ESG Data - Summary 1
Infrastructures - Construction Backlog by Region (€m) 2
Infrastructures - Concessions Backlog by Region (€m) 2
Infrastructures - Water Backlog by Region (€m) 2
Infrastructures - Urban & Environmental Backlog by Region (€m) 2
Infrastructures - Backlog by Region (€m) 2
Infrastructures - Backlog by Activity (€m) 3
Infrastructures - Project additions (€m) 3
Other Activities - Poperty Development (GAV) 4
Other Activities - Bestinver (AUM) 4
Other Activities - Silence - Vehicles sold 4
P&L 5
P&L by activity 6
Infrastructures P&L 7
Nordex P&L 8
Other activities P&L 9
Balance Sheet 10
Cashflow 11
Net Financial Debt 12
Financial Debt Details 12
Capex 13
ESG Data 14
Contact information: Investor Relations Department
Avenida de la Gran Vía de Hortaleza, 3
28033 Madrid, Spain
Mail: inversores@acciona.com
Tel: +34 91 663 22 88
Summary Operating Data
ACCIONA - Operating Data Summary & ESG Summary
Year-end data Quarterly data
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Energy
Total capacity (MW) 10,694 11,245 11,826 13,523 15,354 10,240 10,407 10,506 10,694 11,013 11,188 11,203 11,245 11,263 11,212 11,431 11,826 11,942 12,267 12,948 13,523 13,717 13,944 14,333 15,354 15,045
Consolidated capacity (MW) 8,631 9,169 9,884 12,131 13,628 8,177 8,344 8,443 8,631 8,950 9,125 9,139 9,169 9,187 9,328 9,463 9,884 10,012 10,829 11,556 12,131 12,325 12,329 12,757 13,628 13,321
Total production (GWh) 24,075 24,541 23,910 24,894 26,708 6,562 12,104 17,301 24,075 6,948 12,557 17,852 24,541 6,509 12,476 17,701 23,910 6,889 12,482 18,029 24,894 7,028 13,441 19,757 26,708 7,408
Consolidated production (GWh) 19,451 20,093 19,657 21,433 23,821 5,336 9,821 13,974 19,451 5,649 10,227 14,594 20,093 5,365 10,247 14,530 19,657 5,724 10,476 15,357 21,433 6,262 11,945 17,585 23,821 6,592
Average price (€/MWh) 63.3 75.5 114.0 86.4 68.7 63.8 61.4 62.4 63.3 72.5 68.3 68.1 75.5 115.4 116.2 111.5 114.0 81.4 86.2 87.6 86.4 57.5 62.7 66.0 68.7 72.0
Infrastructures
Total Backlog (€m) 14,885 18,096 22,020 24,508 28,555 11,640 12,160 15,966 14,885 15,085 17,396 17,830 18,096 19,602 20,580 20,230 22,020 21,457 22,964 21,581 24,508 24,910 25,286 27,207 28,555 31,239
Project backlog (Construction & Water) (€m) 12,123 13,719 16,314 17,514 19,585 8,018 8,571 12,705 12,123 12,193 12,545 13,062 13,719 15,157 15,378 14,912 16,314 15,732 16,637 15,281 17,514 17,929 18,498 18,705 19,585 20,680
EBITDA margin (%) 5.4% 6.6% 6.1% 7.1% 9.4% n.d. 3.9% n.d. 5.4% n.d. 5.7% n.d. 6.6% n.d. 5.6% n.d. 6.1% n.d. 6.4% n.d. 7.1% n.d. 8.7% n.d. 9.4% n.d.
EBITDA Construction Margin (%) 1.8% 4.5% 5.0% 5.9% 7.1% n.d. 0.2% n.d. 1.8% n.d. 3.5% n.d. 4.5% n.d. 4.2% n.d. 5.0% n.d. 5.0% n.d. 5.9% n.d. 7.6% n.d. 7.1% n.d.
Nordex
Backlog (€m) n.d. n.d. n.d. 10,537 12,778 n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. 9,804 10,073 10,537 11,125 11,032 11,494 12,778 13,457
Order intake turbine (€m) n.d. n.d. n.d. 6,211 7,461 n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. 917 2,354 4,143 6,211 1,765 2,990 4,572 7,461 1,890
Average selling price - order intake (ASP) (€m/MW) n.d. n.d. n.d. 0.84 0.90 n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. 0.90 0.89 0.85 0.84 0.85 0.89 0.90 0.90 0.87
Installations (MW) n.d. n.d. n.d. 7,253 6,641 n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. 1,319 3,098 5,537 7,253 1,103 2,972 5,083 6,641 1,046
Other activities
Property development - Deliveries (nº) 744 443 617 720 1,119 130 301 393 744 26 156 199 443 15 108 174 617 15 24 75 720 82 165 193 1,119 19
Property development - Gross Asset Value (€m) 1,053 1,361 1,541 1,805 1,736 1,056 1,060 1,077 1,053 1,117 1,165 1,270 1,361 1,446 1,483 1,612 1,541 1,636 1,726 1,816 1,805 1,871 1,865 1,897 1,736 1,805
Bestinver's Assets Under Management (€m) 6,371 7,046 5,117 5,919 6,791 4,924 5,536 5,471 6,371 6,900 7,348 7,202 7,046 6,368 5,468 5,206 5,117 5,473 5,647 5,735 5,919 6,445 6,526 6,688 6,791 6,740
Vehicles sold (nº) n.d. 8,969 12,826 9,178 2,637 n.d. n.d. n.d. n.d. n.d. n.d. n.d. 8,969 n.d. n.d. n.d. 12,826 3,009 5,917 6,884 9,178 369 984 1,733 2,637 532
Average workforce - FTE 38,355 41,664 45,892 57,843 66,021 38,864 35,741 36,296 38,355 37,459 38,967 40,137 41,664 43,993 44,476 44,958 45,892 48,379 53,847 56,270 57,843 63,994 64,570 66,195 66,021 66,540
ESG Data - Summary
Executive and manager women (%) 20.7% 21.7% 22.2% 22.6% 23.1% n.d. 20.9% n.d. 20.7% n.d. 21.6% n.d. 21.7% n.d. 21.8% n.d. 22.2% n.d. 23% n.d. 23% n.d. 23% n.d. 23% n.d.
CAPEX aligned with the low-carbon taxonomy (%) 85.0% 93,15% 97,96% 99.0% 99.6% n.d. 85.0% n.d. 85.0% n.d. 84.0% n.d. 93,15% n.d. 91.0% n.d. 97,96% n.d. 99,0% n.d. 99.0% n.d. 99.0% n.d. 99.6% n.d.
Avoided emissions (CO₂ million ton) 13.2 13.4 13.3 13.6 14.4 n.d. 6.9 n.d. 13.2 n.d. 6.8 n.d. 13.4 n.d. 6.7 n.d. 13.3 n.d. 6.97 n.d. 13.63 n.d. 7.23 n.d. 14.35 n.d.
Generated scope 1+2 emissions (MtCO₂) 200.8 172.8 167.2 202.5 208.4 n.d. 131.9 n.d. 200.8 n.d. 87.5 n.d. 172.8 n.d. 75.3 n.d. 167.200 n.d. 110.8 n.d. 202.5 n.d. 124.7 n.d. 208 n.d.
Water consumed (hm³) 4.75 5.00 6.82 8.40 7.60 n.d. 2.23 n.d. 4.75 n.d. 2.50 n.d. 5.00 n.d. 2.66 n.d. 6.82 n.d. 4.04 n.d. 8.40 n.d. 2.78 n.d. 7.60 n.d.
ACCIONA 1
Infrastructures - Backlog by region
0
Year-end data Quarterly data
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Construction (€m)
Spain 1,616 1,667 1,976 2,386 2,530 1,649 1,714 1,821 1,616 1,809 1,816 1,681 1,667 1,767 2,138 2,110 1,976 2,222 2,386 2,329 2,386 2,588 2,401 2,577 2,530 2,857
Latam 2,664 2,614 2,854 2,764 3,395 1,116 1,277 2,733 2,664 2,603 2,768 2,696 2,614 3,001 3,059 2,959 2,854 2,762 3,333 3,000 2,764 2,604 2,396 2,359 3,395 3,215
EMEA (Spain not included) 2,168 2,605 3,165 2,420 2,098 2,081 2,030 2,251 2,168 2,254 2,359 2,269 2,605 3,502 3,164 3,081 3,165 2,985 2,964 2,694 2,420 2,230 2,228 2,110 2,098 2,082
Australia & South East Asia 2,977 3,761 5,919 7,790 7,724 760 1,119 3,055 2,977 2,824 2,764 3,248 3,761 3,814 3,907 3,832 5,919 5,643 5,827 5,356 7,790 8,190 8,578 7,957 7,724 8,267
North América 1,371 1,442 1,148 813 1,889 783 851 1,432 1,371 1,383 1,295 1,557 1,442 1,418 1,442 1,356 1,148 1,030 999 915 813 780 885 1,778 1,889 1,697
International 9,180 10,421 13,086 13,787 15,107 4,740 5,277 9,471 9,180 9,064 9,186 9,769 10,421 11,736 11,572 11,229 13,086 12,420 13,123 11,964 13,787 13,804 14,087 14,203 15,107 15,261
Total backlog 10,797 12,087 15,061 16,174 17,637 6,390 6,991 11,293 10,797 10,873 11,002 11,450 12,087 13,502 13,710 13,339 15,061 14,641 15,509 14,294 16,174 16,392 16,488 16,780 17,637 18,117
Water (€m)
Spain 1,189 1,172 1,216 1,195 1,208 1,279 1,293 1,258 1,189 1,153 1,167 1,175 1,172 1,187 1,169 1,145 1,216 1,185 1,168 1,205 1,195 1,194 1,160 1,200 1,208 1,202
Latam 738 2,081 2,468 2,705 3,060 847 818 785 738 848 2,635 2,757 2,081 2,135 2,352 2,439 2,468 2,504 2,594 2,532 2,705 2,809 2,515 2,890 3,060 3,564
EMEA (Spain not included) 1,129 1,614 1,214 1,615 2,003 1,297 1,248 1,119 1,129 1,129 1,556 1,451 1,614 1,638 1,530 1,499 1,214 1,046 981 859 1,615 1,763 1,949 1,874 2,003 2,944
Australia & South East Asia 589 596 548 304 689 652 659 626 589 618 603 601 596 601 599 592 548 522 569 564 304 290 726 740 689 639
North América 144 0 0 - 3 167 163 156 144 137 121 111 0 0 0 0 0 - 0 0 - 0 3 3 3 3
International 2,600 4,290 4,229 4,624 5,755 2,963 2,888 2,686 2,600 2,733 4,915 4,920 4,290 4,374 4,481 4,530 4,229 4,071 4,144 3,955 4,624 4,863 5,193 5,507 5,755 7,151
D&C 1,326 1,632 1,253 1,340 1,948 1,628 1,580 1,413 1,326 1,320 1,542 1,611 1,632 1,654 1,668 1,573 1,253 1,090 1,128 988 1,340 1,537 2,010 1,925 1,948 2,563
O&M & Concessional Assets 2,462 3,830 4,193 4,478 5,015 2,613 2,600 2,532 2,462 2,566 4,540 4,483 3,830 3,906 3,982 4,102 4,193 4,166 4,183 4,172 4,478 4,519 4,343 4,783 5,015 5,790
Total backlog 3,789 5,462 5,446 5,819 6,963 4,242 4,180 3,944 3,789 3,885 6,082 6,095 5,462 5,561 5,650 5,676 5,446 5,256 5,311 5,160 5,819 6,057 6,354 6,707 6,963 8,353
Concessions (€m)
Spain - 135 106 363 284 - - - - - - - 135 129 121 113 106 100 92 83 363 356 348 291 284 277
Latam - 71 663 1,227 2,756 - - - - - - - 71 72 464 473 663 687 1,303 1,283 1,227 1,214 1,233 2,608 2,756 3,624
EMEA (Spain not included) - - - - - - - - - - - - - - - - - - - - - - - -
Australia & South East Asia - - - - - - - - - - - - - - - - - - - - - - - -
North América - - - - - - - - - - - - - - - - - - - - - - - -
International - 71 663 1,227 2,756 - - - - - - - 71 72 464 473 663 687 1,303 1,283 1,227 1,214 1,233 2,608 2,756 3,624
Total backlog - 206 769 1,591 3,040 - - - - - - - 206 201 585 586 769 786 1,395 1,366 1,591 1,571 1,581 2,900 3,040 3,901
Urban & Environmental Services (€m) (1)
Spain 287 341 744 925 915 671 633 398 287 318 303 285 341 338 635 629 744 773 749 761 925 891 864 820 915 868
Latam - - - 64 88 84 - 4 3 - - - - - - - - - - - -
EMEA (Spain not included) 13 - - 262 255 237 13 5 5 - - - - - - - - - - - -
Australia & South East Asia - - - - - - - - - - - - - - - - - - - - -
North América - - - 12 12 11 - - - - - - - - - - - - - - -
International 13 - - 338 355 332 13 9 8 - - - - - - - - - - - - - - -
Total backlog 300 341 744 925 915 1,008 988 729 300 327 312 285 341 338 635 629 744 773 749 761 925 891 864 820 915 868
Spain 3,092 3,315 4,042 4,869 4,936 3,599 3,640 3,477 3,092 3,280 3,287 3,141 3,315 3,421 4,063 3,998 4,042 4,279 4,395 4,378 4,869 5,029 4,773 4,889 4,936 5,204
International 11,793 14,781 17,977 19,639 23,618 8,041 8,520 12,489 11,793 11,806 14,109 14,689 14,781 16,182 16,517 16,232 17,977 17,178 18,569 17,203 19,639 19,881 20,513 22,319 23,618 26,035
Total backlog 14,885 18,096 22,020 24,508 28,555 11,640 12,160 15,966 14,885 15,085 17,396 17,830 18,096 19,602 20,580 20,230 22,020 21,457 22,964 21,581 24,508 24,910 25,286 27,207 28,555 31,239
(1) Rest of services included until 2020
ACCIONA 2
Infrastructures - Backlog by activity
0
Year-end data Quarterly data
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Backlog by activity (€m)
Construction activities 12,123 13,719 16,314 17,514 19,585 8,018 8,571 12,705 12,123 12,193 12,545 13,062 13,719 15,157 15,378 14,912 16,314 15,732 16,637 15,281 17,514 17,929 18,498 18,705 19,585 20,680
Water Concessions and O&M 2,462 3,830 4,193 4,478 5,015 2,613 2,600 2,532 2,462 2,566 4,540 4,483 3,830 3,906 3,982 4,102 4,193 4,166 4,183 4,172 4,478 4,519 4,343 4,783 5,015 5,790
Concessions - 206 769 1,591 3,040 - - - - - - - 206 201 585 586 769 786 1,395 1,366 1,591 1,571 1,581 2,900 3,040 3,901
Urban & Environmental Services (1) 300 341 744 925 915 1,008 988 729 300 327 312 285 341 338 635 629 744 773 749 761 925 891 864 820 915 868
Total backlog 14,885 18,096 22,020 24,508 28,555 11,640 12,160 15,966 14,885 15,085 17,396 17,830 18,096 19,602 20,580 20,230 22,020 21,457 22,964 21,581 24,508 24,910 25,286 27,207 28,555 31,239
(1) Rest of services included until 2020
Project additions (€m)
Construction activities 7,959 6,060 8,168 8,550 8,428 1,188 1,249 3,765 7,959 1,056 1,299 1,765 6,060 2,311 1,569 786 8,168 1,132 3,779 4,332 8,550 2,148 4,490 6,659 8,428 3,309
Water Concessions and O&M 471 2,250 379 508 1,633 340 44 51 471 134 2,058 43 2,250 218 46 70 379 11 40 120 508 62 169 188 1,633 982
O&M Concessions - - - 37 - - - - - - - - - - - - - - - - 37 37 -
Urban & Environmental Services (1) 711 236 595 352 200 285 133 73 711 73 25 30 236 40 370 31 595 70 89 141 352 14 41 49 200 5
Total project additions 9,141 8,546 9,142 9,409 10,298 1,812 1,426 3,889 9,141 1,263 3,382 1,838 8,546 2,569 1,984 888 9,142 1,214 3,908 4,593 9,409 2,224 4,700 6,933 10,298 4,297
(1) Rest of services included until 2020
ACCIONA 3
Other Activities
0
Year-end data Quarterly data
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q12023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Property Development
Deliveries (nº of units) 744 443 617 720 1,119 130 301 393 744 26 156 199 443 15 108 174 617 15 24 75 720 82 165 193 1,119 19
Orderbook of pre-sales (nº of units) n.d. 1,472 1,473 1,393 674 n.d. n.d. n.d. n.d. n.d. 935 1,602 1,472 1,598 1,628 1,845 1,473 1,568 1,726 1,875 1,393 1,398 1,421 1,529 674 699
Landbank 5 year view (nº of units) n.d. 6,551 7,025 6,561 5,352 n.d. n.d. n.d. n.d. n.d. n.d. n.d. 6,551 6,756 6,659 6,870 7,025 7,115 7,090 n.d. 6,561 6,664 6,581 6,518 5,352 5,569
Resid. development Spain 802 761 772 955 911 769 769 786 802 861 903 1,006 761 808 822 915 772 832 876 966 955 1,000 1,011 1,059 911 960
Resid. development International 218 231 289 359 331 219 223 223 218 224 229 231 231 251 256 276 289 314 344 369 359 379 366 350 331 342
Rental Properties 33 370 480 491 494 68 68 68 33 33 33 33 370 387 405 421 480 490 505 481 491 492 489 488 494 504
Total GAV 1,053 1,361 1,541 1,805 1,736 1,056 1,060 1,077 1,053 1,117 1,165 1,270 1,361 1,446 1,483 1,612 1,541 1,636 1,726 1,816 1,805 1,871 1,865 1,897 1,736 1,805
Bestinver (€m)
Assets under management 6,371 7,046 5,117 5,919 6,791 4,924 5,536 5,471 6,371 6,900 7,348 7,202 7,046 6,368 5,468 5,206 5,117 5,473 5,647 5,735 5,919 6,445 6,526 6,688 6,791 6,740
Average Assets Under Management 5,742 7,078 5,929 5,637 6,487 5,846 5,728 5,682 5,742 6,609 6,893 7,031 7,078 6,676 6,346 6,119 5,929 5,468 5,491 5,601 5,637 6,090 6,296 6,385 6,487 6,970
Corp. & other
Silence - Vehicles sold n.d. 8,969 12,826 9,178 2,637 n.d. n.d. n.d. n.d. n.d. n.d. n.d. 8,969 n.d. n.d. n.d. 12,826 3,009 5,917 6,884 9,178 369 984 1,733 2,637 532
ACCIONA 4
P&L
e
ACCIONA - P&L
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 (*) FY 2020 (*) H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
P&L
Revenues 6,482 8,104 11,195 17,021 19,190 3,042 6,482 3,555 8,104 5,177 11,195 7,056 17,021 8,772 19,190
Changes in inventories of finished goods and work in progress 194 110 72 388 (269) 34 194 118 110 70 72 157 388 (3) (269)
Other revenues 789 563 1,016 946 1,688 425 789 310 563 453 1,016 521 946 680 1,688
Cost of goods sold (2,216) (1,980) (3,483) (5,853) (6,789) (1,006) (2,216) (900) (1,980) (1,581) (3,483) (2,341) (5,853) (3,056) (6,789)
Personnel expenses (1,551) (1,787) (2,078) (2,927) (3,423) (759) (1,551) (861) (1,787) (1,003) (2,078) (1,329) (2,927) (1,678) (3,423)
Other expenses (2,647) (3,621) (4,814) (7,746) (8,101) (1,275) (2,647) (1,625) (3,621) (2,124) (4,814) (3,247) (7,746) (3,765) (8,101)
Operating income from associated companies 82 94 159 152 160 38 82 46 94 72 159 106 152 39 160
EBITDA 1,133 1,483 2,068 1,981 2,455 499 1,133 643 1,483 1,064 2,068 924 1,981 990 2,455
Depreciation and amortisation (557) (587) (651) (943) (1,121) (265) (557) (286) (587) (308) (651) (410) (943) (552) (1,121)
Provisions (121) (128) (111) (157) (153) (95) (121) (65) (128) (40) (111) (42) (157) (25) (153)
Impairment of assets value 92 (1) (19) (14) 134 86 92 (0) (1) (37) (19) (1) (14) 43 134
Results on non-current assets 88 68 34 2 3 3 88 55 68 36 34 (5) 2 12 3
Other gains or losses (9) (7) 13 383 (3) 0 (9) (1) (7) (7) 13 402 383 (1) (3)
EBIT 625 829 1,333 1,251 1,316 229 625 346 829 709 1,333 868 1,251 466 1,316
Net financial result (219) (180) (209) (345) (490) (115) (219) (101) (180) (100) (209) (110) (345) (232) (490)
Exchange differences (net) 14 10 8 - (58) (6) 14 3 10 8 8 2 - (20) (58)
Var. provisions financial investments 1 (1) 0 - (1) (0) 1 (0) (1) - 0 - - - (1)
Non-operating income from associated companies 79 (81) (194) (104) (2) (72) 79 (18) (81) (108) (194) (103) (104) (1) (2)
Profit and loss from changes in value of instruments at fair value 15 (3) (70) 17 1 6 15 (2) (3) (64) (70) 34 17 (10) 1
EBT 517 575 869 819 765 42 517 228 575 445 869 691 819 204 765
Income tax (100) (171) (254) (198) (156) (11) (100) (63) (171) (138) (254) (179) (198) (25) (156)
Profit after Taxes 417 404 614 621 609 30 417 165 404 307 614 512 621 179 609
Minority interest (30) (72) (174) (80) (187) (8) (30) (17) (72) (106) (174) (45) (80) (63) (187)
Attributable Net Profit 387 332 441 541 422 22 387 148 332 201 441 467 541 116 422
* Data reexpresed
ACCIONA 5
ACCIONA - P&L by activity
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 (*) FY 2020 (*) H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
P&L - Key Figures
Energy 1,769 2,472 4,351 3,547 3,048 845 1,769 1,041 2,472 2,206 4,351 1,760 3,547 1,333 3,048
Infrastructure 3,928 4,870 6,016 7,723 8,146 1,849 3,928 2,196 4,870 2,648 6,016 3,634 7,723 3,787 8,146
Nordex n.d n.d n.d 5,272 7,299 n.d n.d n.d n.d n.d n.d 1,536 5,272 3,434 7,299
Other Activities 953 1,055 1,183 1,216 1,468 441 953 447 1,055 490 1,183 546 1,216 613 1,468
Consolidation Adjustments (167) (294) (355) (737) (771) (93) (167) (129) (294) (167) (355) (420) (737) (396) (771)
Revenues 6,482 8,104 11,195 17,021 19,190 3,042 6,482 3,555 8,104 5,177 11,195 7,056 17,021 8,772 19,190
Energy 868 1,086 1,653 1,285 1,123 423 868 501 1,086 909 1,653 686 1,285 419 1,123
Infrastructure 214 323 369 551 762 71 214 126 323 149 369 232 551 331 762
Nordex** n.d n.d n.d 117 470 n.d n.d n.d n.d n.d n.d 1 117 220 470
Other Activities 79 104 73 54 122 26 79 29 104 18 73 15 54 35 122
Consolidation Adjustments (29) (30) (28) (26) (22) (21) (29) (13) (30) (13) (28) (9) (26) (15) (22)
EBITDA 1,133 1,483 2,068 1,981 2,455 499 1,133 643 1,483 1,064 2,068 924 1,981 990 2,455
Margin (%) 17.5% 18.3% 18.5% 11.6% 12.8% 16.4% 17.5% 18.1% 18.3% 20.6% 18.5% 13.1% 11.6% 11.3% 12.8%
Energy 410 536 1,007 720 407 187 410 211 536 540 1,007 545 720 61 407
Infrastructure 65 83 87 156 275 (31) 65 37 83 41 87 69 156 131 275
Nordex n.d n.d (197) 2 119 n.d n.d n.d n.d n.d n.d 104 2 50 119
Other Activities 75 (24) (2) (22) (17) (93) 75 (11) (24) (123) (2) (21) (22) (27) (17)
Consolidation Adjustments (33) (20) (26) (37) (19) (21) (33) (9) (20) (12) (26) (6) (37) (11) (19)
EBT 517 575 869 819 765 42 517 228 575 445 869 691 819 204 765
Margin (%) 8.0% 7.1% 7.8% 4.8% 4.0% 1.4% 8.0% 6.4% 7.1% 8.6% 7.8% 9.8% 4.8% 2.3% 4.0%
Attributable Net Profit 387 332 441 541 422 22 387 148 332 201 441 467 541 116 422
* Data reexpresed
** Contribution to ANA
ACCIONA 6
Infrastructures - P&L Breakdown
0
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
P&L by activity
Construction
Revenues 2,776 3,626 4,560 6,301 6,680 1,283 2,776 1,598 3,626 2,003 4,560 2,925 6,301 3,119 6,680
EBITDA 50 163 227 370 472 2 50 57 163 84 227 148 370 236 472
Margin (%) 1.8% 4.5% 5.0% 5.9% 7.1% 0.2% 1.8% 3.5% 4.5% 4.2% 5.0% 5.0% 5.9% 7.6% 7.1%
Concessions
Revenues 98 53 52 50 86 37 98 20 53 22 52 23 50 26 86
EBITDA 67 46 37 67 170 22 67 18 46 15 37 31 67 41 170
Margin (%) 68.2% 86.5% 71.5% 134.4% 197.5% 58.4% 68.2% 89.0% 86.5% 66.2% 71.5% 134.1% 134.4% 161.8% 197.5%
Water
Revenues 976 1,052 1,272 1,214 1,189 487 976 516 1,052 560 1,272 610 1,214 545 1,189
EBITDA 85 100 89 95 93 41 85 44 100 44 89 45 95 41 93
Margin (%) 8.7% 9.5% 7.0% 7.8% 7.9% 8.4% 8.7% 8.5% 9.5% 7.8% 7.0% 7.3% 7.8% 7.6% 7.9%
Urban & Enviromental Services (1)
Revenues 145 165 148 165 210 77 145 78 165 71 148 80 165 102 210
EBITDA 12 14 15 18 27 7 12 7 14 7 15 9 18 13 27
Margin (%) 8.2% 8.4% 10.4% 11.0% 12.8% 8.6% 8.2% 9.4% 8.4% 9.2% 10.4% 11.1% 11.0% 12.5% 12.8%
Consolidation Adjustments (68) (26) (16) (7) (20) (35) (68) (17) (26) (10) (16) (3) (7) (5) (20)
Revenues 3,928 4,870 6,016 7,723 8,146 1,849 3,928 2,196 4,870 2,648 6,016 3,634 7,723 3,787 8,146
EBITDA 214 323 369 551 762 71 214 126 323 149 369 232 551 331 762
Margin (%) 5.4% 6.6% 6.1% 7.1% 9.4% 3.9% 5.4% 5.7% 6.6% 5.6% 6.1% 6.4% 7.1% 8.7% 9.4%
EBT 65 83 87 156 275 (69) 65 37 83 41 87 69 156 131 275
(1) Rest of services included until 2020
P&L by region
Revenues
Spain 1,092 1,122 1,161 1,339 1,631 500 1,092 549 1,122 546 1,161 650 1,339 773 1,631
Latam (Mexico incl.) 354 620 1,040 1,417 1,765 170 354 220 620 394 1,040 624 1,417 763 1,765
EMEA (Spain not incl.) 1,302 1,191 1,595 1,667 1,424 700 1,302 577 1,191 745 1,595 847 1,667 682 1,424
Australia & South East Asia 954 1,592 1,821 2,814 2,864 378 954 692 1,592 803 1,821 1,299 2,814 1,332 2,864
North America 295 372 421 501 495 137 295 175 372 168 421 220 501 245 495
Adj. (68) (26) (22) (15) (34) (35) (68) (17) (26) (10) (22) (6) (15) (9) (34)
Revenues 3,928 4,870 6,016 7,723 8,146 1,849 3,928 2,196 4,870 2,648 6,016 3,634 7,723 3,787 8,146
(1) Rest of services included until 2020
ACCIONA 7
Nordex - P&L Breakdown
0
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 * FY 2024
Revenues n.d n.d 5,694 6,489 7,299 n.d n.d n.d n.d n.d 5,694 2,753 6,489 3,434 7,299
Gross profit n.d n.d 486 985 1,535 n.d n.d n.d n.d n.d 486 293 985 669 1,535
Gross profit (%) n.d n.d 8.5% 15.2% 21.0% n.d n.d n.d n.d n.d 8.5% 10.7% 15.2% 19.5% 21.0%
EBITDA n.d n.d (244) 2 296 n.d n.d n.d n.d n.d (244) (114) 2 118 296
Margin (%) n.d n.d -4.3% 0% 4% n.d n.d n.d n.d n.d -4.3% -4.2% 0% 3% 4%
EBIT n.d n.d (427) (186) 115 n.d n.d n.d n.d n.d (427) (207) (186) 29 115
Margin (%) n.d n.d -7.5% -2.9% 1.6% n.d n.d n.d n.d n.d -7.5% -7.5% -2.9% 0.8% 1.6%
*Results reported by Nordex
ACCIONA 8
Other activities - P&L by activity
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
P&L
Property Development
Revenues 201 190 247 193 435 85 201 39 190 25 247 20 193 81 435
EBITDA 19 27 13 4 43 10 19 (8) 27 (9) 13 (14) 4 (8) 43
Margin (%) 9.4% 14.4% 5.2% 2.3% 10.0% 11.6% 9.4% -21.4% 14.4% -35.5% 5.2% n.a 2.3% -9.5% 10.0%
Bestinver
Revenues 114 128 101 96 113 48 114 62 128 55 101 48 96 52 113
EBITDA 63 67 47 36 51 26 63 34 67 28 47 19 36 23 51
Margin (%) 54.9% 52.4% 46.2% 37.4% 45.1% 54.2% 54.9% 54.5% 52.4% 49.8% 46.2% 39.7% 37.4% 45.0% 45.1%
Corp. & other
Revenues 637 738 834 927 921 308 637 346 738 409 834 478 927 481 921
EBITDA (2) 9 14 13 27 (10) (2) 3 9 (0) 14 10 13 19 27
Margin (%) -0.3% 1.3% 1.7% 1.4% 3.0% -3.2% -0.3% 1.0% 1.3% -0.1% 1.7% 2.0% 1.4% 4.0% 3.0%
Revenues 953 1,055 1,183 1,216 1,468 441 953 447 1,055 490 1,183 546 1,216 613 1,468
EBITDA 79 104 73 54 122 26 79 29 104 18 73 15 54 35 122
EBT 75 (24) (2) (22) (17) (93) 75 (11) (24) (123) (2) (123) (22) (27) (17)
ACCIONA 9
BS
ACCIONA Balance Sheet
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 (*) H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
Balance Sheet
Property, Plant & Equipment and Intangible assets 7,873 8,659 10,198 13,245 14,258 7,850 7,873 8,104 8,659 9,298 10,198 11,735 13,245 13,736 14,258
Right of use 497 528 548 824 876 446 497 501 528 561 548 760 824 823 876
Financial assets 189 219 263 184 323 200 189 449 219 239 263 203 184 192 323
Investments applying the equity method 1,227 1,325 1,730 732 798 1,037 1,227 1,230 1,325 1,585 1,730 727 732 781 798
Goodwill 230 249 249 1,369 1,365 227 230 258 249 313 249 1,494 1,369 1,370 1,365
Other non-current assets 1,303 1,388 1,418 2,014 2,762 1,541 1,303 1,356 1,388 1,411 1,418 1,792 2,014 2,268 2,762
Non-Current Assets 11,320 12,367 14,405 18,368 20,382 11,302 11,320 11,897 12,367 13,407 14,405 16,710 18,368 19,169 20,382
Inventories 1,230 1,210 1,386 3,067 2,651 1,282 1,230 1,430 1,210 1,429 1,386 2,903 3,067 2,958 2,651
Accounts receivable 2,252 2,731 3,340 4,405 4,310 2,069 2,252 2,316 2,731 3,329 3,340 4,890 4,405 4,944 4,310
Other current assets 327 454 789 1,151 860 468 327 455 454 493 789 1,258 1,151 1,079 860
Other current financial assets 213 218 315 610 617 171 213 184 218 282 315 350 610 224 617
Cash and Cash equivalents 2,407 2,318 2,360 3,714 4,240 1,117 2,407 2,057 2,318 2,640 2,360 2,751 3,714 3,253 4,240
Assets held for sale 458 303 - 335 1,560 341 458 336 303 310 - - 335 1,087 1,560
Current Assets 6,887 7,236 8,190 13,282 14,238 5,448 6,887 6,778 7,236 8,483 8,190 12,151 13,282 13,544 14,238
Total Assets 18,207 19,603 22,595 31,650 34,620 16,750 18,207 18,675 19,603 21,890 22,595 28,861 31,650 32,714 34,620
Capital 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55
Reserves 2,927 3,943 4,406 4,423 4,382 3,144 2,927 3,298 3,943 4,497 4,406 4,641 4,423 4,571 4,382
Profit attributable to equity holders of the parent 387 332 441 541 422 22 387 148 332 201 441 467 541 116 422
Own Securities (22) (18) (17) (10) (46) (24) (22) (17) (18) (17) (17) (13) (10) (46) (46)
Equity Attributable To Equity Holders Of The Parent 3,347 4,312 4,884 5,009 4,812 3,198 3,347 3,484 4,312 4,735 4,884 5,150 5,009 4,695 4,812
Minority Interest 365 1,246 1,419 1,842 1,564 191 365 381 1,246 1,399 1,419 1,731 1,842 1,822 1,564
Equity 3,711 5,557 6,303 6,851 6,376 3,389 3,711 3,865 5,557 6,134 6,303 6,881 6,851 6,517 6,376
Interest-bearing borrowings 4,871 4,436 5,725 8,045 8,261 4,890 4,871 5,539 4,436 5,191 5,725 7,423 8,045 8,762 8,261
LT Leasing liabilities 420 430 439 687 754 381 420 414 430 438 439 614 687 681 754
Other non-currrent liabilities 1,862 2,265 2,304 3,803 4,986 1,915 1,862 1,938 2,265 2,509 2,304 2,598 3,803 4,133 4,986
Non-Current Liabilities 7,153 7,131 8,467 12,535 14,002 7,186 7,153 7,891 7,131 8,137 8,467 10,636 12,535 13,576 14,002
Interest-bearing borrowings 1,987 1,947 1,692 2,019 2,834 1,679 1,987 2,007 1,947 2,253 1,692 2,021 2,019 2,134 2,834
ST Leasing liabilities 74 68 72 124 136 57 74 73 68 81 72 108 124 128 136
Trade payables 2,953 3,148 3,889 6,958 6,939 2,559 2,953 2,919 3,148 3,524 3,889 6,650 6,958 6,761 6,939
Other current liabilities 1,945 1,489 2,171 2,658 2,896 1,662 1,945 1,658 1,489 1,532 2,171 2,565 2,658 2,740 2,896
Liabilities associated to assets held for sale 383 263 - 505 1,438 218 383 263 263 228 - - 505 857 1,438
Current Liabilities 7,342 6,914 7,824 12,264 14,242 6,175 7,342 6,919 6,914 7,618 7,824 11,345 12,264 12,620 14,242
Total Liabilities and Equity 18,207 19,603 22,595 31,650 34,620 16,750 18,207 18,675 19,603 21,890 22,595 28,861 31,650 32,714 34,620
* Data reexpresed (0) 0 (0) - (0) 0 (0) (0) 0 0 (0) 0 0 (0)
ACCIONA 10
CF
ACCIONA - Cashflow
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 (*) FY 2023 (*) FY 2024 H1 2020 (*) FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 (*) H1 2023 FY 2023 (*) H1 2024 FY 2024
Cashflow
EBITDA 1,133 1,483 2,068 1,981 2,455 499 1,133 643 1,483 1,064 2,068 924 1,981 990 2,455
Financial Results (200) (182) (169) (347) (451) (105) (200) (95) (182) (76) (169) (119) (347) (209) (451)
Working Capital 198 (117) 196 430 457 (202) 198 (187) (117) (169) 196 (459) 430 (570) 457
Other operating cashflow (211) (432) (380) (164) (287) (166) (211) (247) (432) (230) (380) (226) (164) (133) (287)
Operating cashflow 920 751 1,714 1,900 2,173 26 920 113 751 589 1,714 119 1,900 78 2,173
Ordinary Capex (829) (1,319) (1,943) (3,122) (2,779) (484) (829) (1,082) (1,319) (1,136) (1,943) (2,064) (3,122) (1,630) (2,779)
Divestments 318 1,523 - - 314 - 318 73 1,523 - - - - 314
Real Estate investment (14) (224) (61) (205) 65 (20) (14) (113) (224) (82) (61) (136) (205) (85) 65
Net investment cashflow (526) (20) (2,004) (3,327) (2,401) (504) (526) (1,122) (20) (1,217) (2,004) (2,200) (3,327) (1,715) (2,401)
Treasury stock 0 (1) (1) 1 (46) 0 0 - (1) (1) (1) (0) 1 (46) (46)
Derivatives 5 20 89 0 (27) (8) 5 33 20 62 89 (30) 0 (50) (27)
Forex 36 (8) (16) 12 (25) 28 36 (10) (8) (15) (16) 10 12 (25) (25)
Dividends (106) (214) (225) (247) (266) 0 (106) 0 (214) 0 (225) 0 (247) (0) (266)
Perimeter changes & other 347 (137) (453) 664 94 91 347 (81) (137) (93) (453) 500 664 78 94
Financing/Others cashflow 282 (340) (605) 430 (271) 111 282 (58) (340) (47) (605) 479 430 (42) (271)
0
Change in net debt + Decr. / - Incr. 676 392 (895) (997) (498) (366) 676 (1,066) 392 (675) (895) (1,601) (997) (1,679) (498)
* Data reexpresed
ACCIONA 11
Debt&Capex
ACCIONA - Net Financial Debt & Capex
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
Net Financial Debt
Project Debt 947 850 631 611 409 1,022 947 903 850 687 631 655 611 576 409
Corporate Debt 5,912 5,533 6,786 9,453 10,686 5,547 5,912 6,642 5,533 6,757 6,786 8,789 9,453 10,321 10,686
Total interest-bearing debt 6,858 6,383 7,417 10,064 11,095 6,569 6,858 7,546 6,383 7,443 7,417 9,444 10,064 10,896 11,095
Cash + Cash equivalents (2,620) (2,536) (2,675) (4,324) (4,857) (1,288) (2,620) (2,241) (2,536) (2,921) (2,675) (3,101) (4,324) (3,477) (4,857)
Net financial debt excl. IFRS16 4,239 3,847 4,742 5,740 6,238 5,281 4,239 5,305 3,847 4,522 4,742 6,344 5,740 7,419 6,238
IFRS 16 liability 494 497 511 811 891 438 494 487 497 519 511 722 811 809 891
Net financial debt 4,733 4,344 5,253 6,551 7,128 5,719 4,733 5,792 4,344 5,041 5,253 7,066 6,551 8,229 7,128
Financial Debt Details
Gross financial debt - Level
Corporate 86% 87% 91% 94% 96% 84% 86% 88% 87% 91% 91% 93% 94% 95% 96%
Project 14% 13% 9% 6% 4% 16% 14% 12% 13% 9% 9% 7% 6% 5% 4%
Gross financial debt - Currency
Euro 83% 87% 83% 79% 77% 81% 83% 84% 87% 85% 83% 79% 79% 77% 77%
US Dollar 6% 7% 9% 6% 10% 7% 6% 6% 7% 10% 9% 8% 6% 10% 10%
AUS Dollar n.a n.a n.a 12% 10% 12% 11% 10%
Others 11% 6% 8% 2% 2% 12% 11% 10% 6% 5% 8% 14% 2% 2% 2%
Gros Financial Debt - Interest rate
Fixed 60% 52% 54% 50% 45% 58% 60% 69% 52% 55% 54% 48% 50% 45% 45%
Variable 40% 48% 46% 50% 55% 42% 40% 31% 48% 45% 46% 52% 50% 55% 55%
Corporate debt
Bank debt 59% 25% 30% 42% 44% 65% 59% 47% 25% 18% 30% 40% 42% 45% 44%
Non-bank debt 41% 75% 70% 58% 56% 35% 41% 53% 75% 82% 70% 60% 58% 55% 56%
Average cost of debt
Total debt 2.8% 2.4% 2.5% 3.8% 4.8% 3.0% 2.8% 2.6% 2.4% 2.3% 2.5% 3.0% 3.8% 4.8% 4.8%
Project debt 7.4% 7.5% 8.4% 8.0% 8.2% 7.5% 7.4% 7.7% 7.5% 8.1% 8.4% 8.1% 8.0% 8.5% 8.2%
Corporate debt 2.0% 1.7% 1.9% 3.5% 4.6% 2.1% 2.0% 1.9% 1.7% 1.6% 1.9% 2.5% 3.5% 4.5% 4.6%
Average maturity (years)
Debt 4.26 3.79 4.18 4.32 4.11 4.39 4.26 2.66 3.79 4.31 4.18 4.81 4.32 4.36 4.11
Undrawn lines 2.57 2.11 2.13 2.41 2.49 2.84 2.57 2.82 2.11 2.55 2.13 2.22 2.41 2.25 2.49
ACCIONA 12
ACCIONA Net Financial Debt & Capex
0
Year-end data Quarterly data
(€m) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 (*) FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
Capex
Energy 577 819 1,279 2,321 1,538 413 577 661 819 770 1,279 1,544 2,321 847 1,538
Construction 79 127 128 163 236 23 79 102 127 51 128 84 163 563 236
Concessions 72 8 92 67 580 9 72 0 8 87 92 8 67 58 580
Water 10 41 14 14 46 8 10 31 41 3 14 6 14 28 46
Urban & Enviromental Services 11 9 10 23 36 8 11 10 9 3 10 18 23 17 36
Infrastructure 172 185 244 267 898 49 172 144 185 143 244 116 267 667 898
Nordex n.d n.d 243 376 159 n.d n.d n.d n.d n.d 243 302 376 88 159
Other Activities 80 316 178 158 184 22 80 277 316 223 178 103 158 29 184
Ordinary Capex 829 1,320 1,943 3,122 2,779 484 829 1,082 1,320 1,136 1,943 2,064 3,122 1,630 2,779
Property Development 14 224 61 205 (65) 20 14 113 224 82 61 136 205 85 (65)
Divestments (318) (1,523) - - (314) - (318) (73) (1,523) - - - - - (314)
Net Investment Cashflow 526 20 2,004 3,327 2,401 504 526 1,122 20 1,217 2,004 2,200 3,327 1,715 2,401
* Data reexpresed
ACCIONA 13
ESG
ACCIONA- ESG Data
Year-end data Quarterly data
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
ESG Data
People
Workforce (no.) 38,355 41,664 45,892 57,843 66,021 35,741 38,355 38,967 41,664 44,476 45,892 49,132 57,843 64,570 66,021
Executive and manager women (%) 21% 22% 22% 23% 23% 21% 20.7% 22% 21.7% 22% 22.2% 23% 23% 23% 23%
Workforce with disabilities in Spain (%) n.d. n.d. 4% 5% 5% n.d. n.d. n.d. n.d. n.d. n.d. 4.1% 4.6% 4.5% 4.6%
Deceased n.d. n.d. 1 1 - n.d. n.d. n.d. n.d. n.d. n.d. 2 1 0 0
Employee Volunteer Hour (nº) n.d. n.d. 18,242 32,239 35,471 n.d. n.d. n.d. n.d. n.d. n.d. 6,084 32,239 10,904 35,471
Social Impact Management projects (no.) 127 204 253 272 303 114 127 117 204 216 253 246 272 272 303
Accident frequency index - employees & contractors 1.90 2.10 1.90 1.59 1.44 1.90 1.90 2.05 2.10 1.89 1.90 1.59 1.59 1.44 1.44
Planet
CAPEX aligned with the low-carbon taxonomy (%) 85.0% 93,15% 97,96% 99.0% 99.6% 85.0% 85.0% 84.0% 93,15% 91.0% 97,96% 99,0% 99.0% 99.0% 99.6%
Renewable production (GWh) 24,075 24,541 23,910 24,894 26,708 12,104 24,075 10,227 24,541 10,247 23,910 12,485 24,894 13,441 26,708
Avoided emissions (CO₂ million ton) 13.2 13.4 13.3 13.6 14.4 6.9 13.2 6.8 13.4 6.7 13.3 7.0 13.6 7.2 14.4
Generated scope 1+2 emissions (MtCO₂) 201 173 167 202 208 132 201 88 173 75 167 111 202 125 208
Waste to landfill (thousand ton) 1,464 1,114 2,302 2,628 1,096 556 1,464 652 1,114 771 2,302 1,203 2,628 609 1,096
Recovered waste (%) 77% 87% 77% 83% 93% 70% 77% 83% 87% 81% 77% 82.1 0.8 n.a 1
Water consumed (hm³) 4.75 5.00 6.82 8.40 7.60 2.23 4.75 2.50 5.00 2.66 6.82 4.04 8.40 2.78 7.60
Governance
Total Suppliers (nº) n.d. n.d. 25,515 27,344 30,029 n.d. n.d. n.d. n.d. n.d. 25,515 29,213 27,344 26,700 30,029
Audited suppliers(%) n.d. n.d. 94.9% 95.45% 93.10% n.d. n.d. n.d. n.d. n.d. 94.9% 94% 95% 89% 93%
No Go Suppliers (nº) n.d. n.d. 193 166 207 n.d. n.d. n.d. n.d. n.d. 193 157 166 189 207
Ethical channel communications (nº) n.d. n.d. 117 238 n.a n.d. n.d. n.d. n.d. n.d. 117 118 238 n.a n.a
Third party due diligence process (nº) n.d. n.d. 327 459 2,298 n.d. n.d. n.d. n.d. n.d. 327 158 459 200 2,298
Sustainable financing(%) n.d. n.d. 64% 79% 81% n.d. n.d. n.d. n.d. n.d. 64% 65% 79% 80% 81%
Open controversies n.d. n.d. 1 0 0 n.d. n.d. n.d. n.d. n.d. 1 - - - -
ACCIONA 14
ACCIONA Energía
Q1 2025
Financial and operating data
Table of contents Page
Operating Data - Summary 1
ESG Data - Summary 1
Average total achieved price - Spain (€/MWh) 2
Average total achieved price - International (€/MWh) 2
Wind Average prices (€/MWh) 2
Other technologies Average prices (€/MWh) 3
Wind Load Factors (%) 3
Other tecnologies Load Factors (%) 3
Total Installed capacity (MW) 4
Consolidated Installed capacity (MW) 5
Net Installed capacity (MW) 6
Total Production (GWh) 7
Consolidated Production (GWh) 8
Net Production (GWh) 9
P&L 10
P&L - Key Figures 11
P&L Breakdown 11 Contact information: Investor Relations Department
Spain P&L 13
International P&L 14 Avenida de la Gran Vía de Hortaleza, 3
Balance Sheet 15 28033 Madrid, Spain
Cashflow 16
Net Financial Debt 17 Mail: investors.energia@acciona.com
Financial Debt Details 17
Capex 18 Tel: +34 91 663 22 88
Revenue drivers - Spain 19
Revenue drivers - International 21
Equity Accounted Capacity - Financial and operating data of the equity accounted portfolio (100% share) 25
ESG Data 27
Operating Data
ACCIONA Energía - Operating Data Summary & ESG Summary
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Operating Data - Summary
Total capacity (MW) 10,117 10,694 11,245 11,826 13,523 15,354 10,240 10,407 10,506 10,694 11,013 11,188 11,203 11,245 11,263 11,212 11,431 11,826 11,942 12,267 12,948 13,523 13,717 13,944 14,333 15,354 15,045
Consolidated capacity (MW) 8,053 8,631 9,169 9,884 12,131 13,628 8,177 8,344 8,443 8,631 8,950 9,125 9,139 9,169 9,187 9,328 9,463 9,884 10,012 10,829 11,556 12,131 12,325 12,329 12,757 13,628 13,321
Total production (GWh) 22,991 24,075 24,541 23,910 24,894 26,708 6,562 12,104 17,301 24,075 6,948 12,557 17,852 24,541 6,509 12,476 17,701 23,910 6,889 12,482 18,029 24,894 7,028 13,441 19,757 26,708 7,408
Consolidated production (GWh) 18,712 19,451 20,093 19,657 21,433 23,821 5,336 9,821 13,974 19,451 5,649 10,227 14,594 20,093 5,365 10,247 14,530 19,657 5,724 10,476 15,357 21,433 6,262 11,945 17,585 23,821 6,592
Supply volumes Spain & Portugal (GWh) 6,982 6,263 7,254 9,144 10,551 9,893 1,636 2,988 4,646 6,263 1,771 3,540 5,394 7,254 1,910 3,842 6,661 9,144 2,608 5,219 7,963 10,551 2,416 5,444 8,120 9,893 2,364
Average Load Factor (%) 29.3% 28.5% 27.6% 27.0% 26.5% 26.4% 32.6% 29.8% 27.9% 28.5% 32.6% 28.5% 27.1% 27.6% 30.6% 28.1% 26.9% 27.0% 31.3% 27.2% 26.1% 26.5% 29.5% 26.8% 25.9% 26.4% 30.2%
Production contracted (%) 80.0% 80.8% 87.6% 78.4% 73.5% 72.7% 78.8% 75.8% 76.7% 80.8% 84.2% 84.5% 84.0% 87.6% 74.8% 76.4% 80.1% 78.4% 74.2% 76.5% 77.4% 73.5% 71.4% 71.1% 74.1% 72.7% 69.8%
Average residual contracted life (years) (1) 9 8 8 7 6 7 n.a. n.a. n.a. 8 n.a. n.a. n.a. 8 n.a. 7 n.a. 7 n.a. 7 n.a. 6 n.a 6 n.a. 7 n.a
Average age of assets - ex-hydro (years) n.d. 11 12 12 11 10 n.a. n.a. n.a. 11 n.a. n.a. n.a. 12 n.a. 12 n.a. 12 n.a. 12 n.a. 11 n.a 11 n.a. 10 n.a
Average price (€/MWh) 69.9 63.3 75.5 114.0 86.4 68.7 63.8 61.4 62.4 63.3 72.5 68.3 68.1 75.5 115.4 116.2 111.5 114.0 81.4 86.2 87.6 86.4 57.5 62.7 66.0 68.7 72.0
EBITDA Generation margin (%) 60.5% 68.6% 73.5% 76.2% 70.2% 63.4% 73.9% 69.9% 68.2% 68.6% 74.2% 71.7% n.a. 73.5% n.a. 77.4% n.a. 76.2% n.a. 77.3% n.a. 70.2% n.a 56.1% n.a. 63.4% n.a
Availability (%) 96.6% 96.9% 96.5% 94.1% 95.7% 96.3% 97.2% 97.2% 93.6% 96.9% 96.2% 96.6% 96.6% 96.5% 96.2% 94.8% 94.0% 94.1% 96.0% 95.8% 95.7% 95.7% 96.9% 96.5% 96.4% 96.3% 95.5%
Average workforce - FTE 1,629 1,543 1,762 2,354 3,099 3,224 1,580 1,552 1,556 1,543 1,535 1,557 1,626 1,762 2,047 2,098 2,171 2,354 2,956 2,974 3,062 3,099 3,201 3,205 3,202 3,224 3,163
ESG Data - Summary
Executive and manager women (%) 21.0% 20.9% 23.2% 26.0% 27.4% 27.2% n.d. 21.3% n.d. 20.9% n.d. 23.2% n.d. 23.2% n.d. 25.4% n.d. 26% n.d. 27% n.d. 27% n.d. 27% n.d. 27% n.d.
CAPEX aligned with the low-carbon taxonomy (%) 100% 100% 100% 100% 100% 100% n.d. 100% n.d. 100% n.d. 100% n.d. 100% n.d. 100% n.d. 100% n.d. 100% n.d. 100% n.d. 100% n.d. 100% n.d.
Avoided emissions (CO₂ million ton) 13.1 13.2 13.4 13.2 13.6 14.4 n.d. 6.9 n.d. 13.2 n.d. 6.8 n.d. 13.4 n.d. 6.8 n.d. 13.2 n.d. 6.9 n.d. 13.6 n.d. 7.2 n.d. 14.4 n.d.
Generated scope 1+2 emissions (CO₂ thousand ton) 33.1 28.0 16.6 10.1 11.8 12.8 n.d. 13.6 n.d. 28.0 n.d. 11.1 n.d. 16.6 n.d. 9.9 n.d. 10.1 n.d. 12,381.0 n.d. 11.8 n.d. 18,045 n.d. 13 n.d.
Water consumed (hm³) 1.01 0.95 1.44 1.10 1.08 1.34 n.d. 0.43 n.d. 0.95 n.d. 0.45 n.d. 1.44 n.d. 0.71 n.d. 1.10 n.d. 0.66 n.d. 1.08 n.d. 0.49 n.d. 1.34 n.d.
Sustainable financing (%) n.d. n.d. n.d. 64% 98% 98% n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. n.d. 64% n.d. 86% n.d. 98% n.d. 92% n.d. 98% n.d.
(1) Average residual contracted life excludes short term hedges in Spanish market
ACCIONA ENERGÍA 1
ACCIONA Energía - Average Prices
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Average total achieved price - Spain (€/MWh)
Achieved market price 46.4 33.3 103.5 166.9 84.4 61.9 33.3 28.4 31.0 33.3 42.0 53.2 69.1 103.5 226.1 204.3 189.6 166.9 91.2 88.1 90.9 84.4 43.6 41.9 52.7 61.9 84.7
Gas Clawback - - (0.6) - - - - - - - - - - (0.6) 0.0 (0.1) (0.1) - (4.2) (3.8) (3.7) - - - - - -
Hedging 2.1 3.5 (27.0) (17.8) 20.9 9.5 3.5 4.6 3.9 3.5 (0.3) (5.5) (13.3) (27.0) (44.6) (35.3) (28.6) (17.8) 20.0 24.0 21.3 20.9 19.9 22.2 15.7 9.5 (11.5)
Achieved market price with hedging 48.5 36.8 75.8 149.1 105.4 71.3 36.8 32.9 34.9 36.8 41.7 47.7 55.8 75.8 181.6 168.9 161.0 149.1 106.9 108.3 108.5 105.4 63.5 64.1 68.4 71.3 73.2
Regulatory income 24.7 19.8 20.8 8.3 1.1 2.7 18.5 19.2 20.5 19.8 16.3 18.8 21.0 20.8 6.3 7.7 8.5 8.3 0.2 1.4 1.3 1.1 0.6 2.6 3.0 2.7 2.6
Banding - 8.1 (13.0) 10.2 2.5 2.9 9.5 8.1 7.4 8.1 - (5.1) (11.1) (13.0) (18.5) (7.3) (7.5) 10.2 (3.6) 2.5 2.3 2.5 (8.1) (2.3) 1.1 2.9 12.3
Average total price 73.2 64.8 83.6 167.6 108.9 76.9 64.8 60.2 62.8 64.8 57.9 61.4 65.7 83.6 169.4 169.4 161.9 167.6 103.5 112.2 112.1 108.9 56.0 64.4 72.5 76.9 88.1
Average total achieved price - International (€/MWh)
USA & Canada (1) 36.7 33.2 77.1 48.8 53.6 41.6 26.0 31.5 34.3 33.2 183.2 107.1 89.0 77.1 39.3 43.4 49.2 48.8 27.5 38.5 56.3 53.6 33.8 38.7 41.1 41.6 35.6
Mexico 63.6 63.0 56.8 73.1 83.6 78.0 67.4 67.0 63.6 63.0 59.1 76.5 55.2 56.8 72.6 70.4 72.7 73.1 78.0 85.2 81.5 83.6 73.3 80.4 78.8 78.0 84.5
Chile 72.1 58.4 49.2 25.0 29.9 61.0 60.7 65.1 63.6 58.4 55.1 54.8 55.8 49.2 40.8 34.5 27.3 25.0 32.9 29.9 33.4 29.9 31.7 53.2 56.4 61.0 56.6
Other Americas 68.1 68.1 69.5 76.0 73.8 49.6 84.8 80.4 58.7 68.1 81.6 79.1 58.7 69.5 84.7 84.0 80.8 76.0 89.3 85.7 82.0 73.8 64.4 57.3 51.9 49.6 69.6
Americas 55.7 53.2 60.7 53.5 60.5 56.5 55.1 55.5 65.0 53.2 89.9 71.6 57.4 60.7 56.9 54.3 54.4 53.5 52.4 55.7 61.7 60.5 49.2 55.0 55.3 56.5 56.3
Australia 66.4 57.9 52.7 72.9 45.7 47.4 60.2 59.3 58.7 57.9 58.6 60.1 56.7 52.7 49.8 83.0 77.7 72.9 53.8 46.7 48.5 45.7 66.7 53.4 50.1 47.4 42.7
Rest of Europe 110.0 104.6 132.3 147.0 123.0 104.4 101.4 101.1 105.6 104.6 112.6 114.3 117.1 132.3 147.6 138.6 150.8 147.0 120.3 112.9 120.8 123.0 110.1 101.2 99.0 104.4 109.4
Rest of the World 87.5 79.3 84.7 88.9 82.0 87.3 88.5 81.7 64.0 79.3 86.9 83.9 72.2 84.7 92.8 89.5 86.3 88.9 88.0 83.3 79.1 82.0 91.1 86.8 82.2 87.3 96.4
Total - Generation 66.1 60.8 68.1 66.0 66.1 61.6 62.8 62.7 62.1 60.8 88.7 75.5 70.4 68.1 67.6 67.2 67.8 66.0 61.0 61.9 66.7 66.1 59.1 61.1 60.3 61.6 60.5
(1) Since Q1 2024 the average total achieved price of USA & Canada is reported together, as the latter will no longer be reported within "Other Americas"
Wind Average prices (€/MWh)
Spain Average 71.8 67.5 89.1 147.6 103.6 78.6 66.8 64.5 66.3 67.5 55.5 59.7 65.3 89.1 168.9 169.2 158.8 147.6 109.6 106.6 106.1 103.6 72.1 71.8 77.1 78.6 72.8
Spain - Regulated 82.7 82.3 115.5 174.6 89.7 114.8 82.0 79.3 81.8 82.3 64.2 70.7 78.8 115.5 195.1 208.6 196.1 174.6 188.1 96.4 92.8 89.7 96.1 97.2 109.6 114.8 98.2
Spain - Not regulated 50.5 40.5 41.8 131.4 107.5 68.6 41.1 37.6 38.6 40.5 38.9 39.1 40.6 41.8 150.3 140.4 136.0 131.4 107.2 111.8 112.9 107.5 64.7 64.5 68.3 68.6 65.3
Canada 56.8 54.8 57.7 67.4 62.7 56.6 58.3 55.7 55.5 54.8 55.9 56.5 57.0 57.7 62.1 65.8 67.4 67.4 64.7 63.6 65.4 62.7 59.5 57.7 56.7 56.6 43.1
USA 28.4 25.2 65.5 37.0 31.9 29.0 21.1 23.5 24.9 25.2 168.7 94.3 77.1 65.5 31.0 33.0 38.8 37.0 21.1 26.8 32.2 31.9 24.1 25.9 28.0 29.0 29.4
India 53.4 49.6 48.1 50.8 47.2 46.6 52.1 51.5 50.5 49.6 46.6 47.4 47.7 48.1 49.6 50.6 51.2 50.8 46.9 47.6 47.5 47.2 46.6 46.8 46.5 46.6 45.7
Mexico 63.5 61.9 56.8 72.5 76.2 77.7 65.1 65.5 62.8 61.9 58.0 54.4 53.7 56.8 72.0 68.7 71.9 72.5 69.2 69.7 70.5 76.2 69.5 67.8 71.0 77.7 78.3
Costa Rica 74.6 78.3 74.4 86.0 84.0 87.6 112.1 105.4 89.5 78.3 102.8 98.4 85.1 74.4 112.2 110.6 99.0 86.0 119.5 112.6 93.1 84.0 119.5 116.9 99.4 87.6 123.8
Australia 66.4 57.8 52.6 72.9 44.4 47.8 59.9 59.1 58.6 57.8 58.6 60.1 56.7 52.6 49.8 83.0 77.7 72.9 47.5 46.5 46.8 44.4 65.6 52.4 53.0 47.8 41.6
Poland 91.9 86.8 100.8 105.5 86.6 103.2 74.5 72.3 86.1 86.8 86.2 90.1 91.2 100.8 104.3 102.5 106.7 105.5 98.1 86.0 84.6 86.6 114.6 105.9 105.6 103.2 78.5
Croatia 109.0 108.2 108.4 111.0 123.0 132.9 108.8 108.3 108.3 108.2 107.8 108.1 108.3 108.4 110.9 110.9 111.1 111.0 123.0 123.0 123.0 123.0 132.9 132.9 132.9 132.9 129.3
Portugal 102.3 95.5 85.2 99.1 103.4 78.7 108.0 102.8 99.4 95.5 87.7 87.6 86.1 85.2 93.4 95.7 98.2 99.1 102.8 104.0 105.4 103.4 86.3 80.8 79.3 78.7 73.8
Italy 129.0 122.5 216.4 276.0 113.3 126.3 123.6 116.3 118.7 122.5 150.8 154.8 167.2 216.4 259.4 250.1 289.8 276.0 121.1 114.3 112.7 113.3 111.8 111.8 117.4 126.3 162.9
Chile 62.0 51.7 49.1 25.0 29.9 61.0 62.8 59.0 57.1 51.7 68.2 69.8 76.1 49.1 61.2 38.2 26.5 25.0 62.5 29.9 53.7 29.9 46.4 53.2 89.3 61.0 56.6
South Africa 80.0 72.5 79.0 84.9 78.7 83.4 76.4 73.6 72.0 72.5 75.9 78.6 79.2 79.0 81.6 84.6 85.4 84.9 78.4 78.1 78.6 78.7 77.6 80.6 82.2 83.4 85.9
Peru - - - - 25.3 32.9 - - - - - - - - - - - - - - 25.3 27.9 28.9 31.9 32.9 35.6
ACCIONA ENERGÍA 2
ACCIONA Energía - Load Factors
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Other technologies Average prices (€/MWh)
Hydro - Spain 56.9 43.6 43.2 171.8 126.0 89.7 43.9 39.5 41.6 43.6 51.7 53.3 46.6 43.2 172.0 171.6 173.4 171.8 126.2 131.1 134.8 126.0 83.5 82.6 87.0 89.7 103.7
Biomass - Spain 142.4 130.7 140.9 157.4 137.0 152.5 129.7 122.7 127.1 130.7 129.0 132.5 152.6 140.9 186.6 185.0 167.0 157.4 195.7 120.6 141.3 137.0 163.0 154.3 162.4 152.5 153.6
Thermal Solar - US 178.1 176.5 172.1 195.3 192.2 194.0 182.5 182.4 178.9 176.5 169.0 169.0 170.3 172.1 169.2 164.5 194.0 195.3 193.4 192.7 192.5 192.2 193.0 193.9 192.8 194.0 202.0
Solar PV -
South Africa 159.9 145.3 158.3 169.8 157.6 166.5 153.0 147.6 144.5 145.3 152.0 157.4 158.8 158.3 163.4 169.3 170.6 169.8 156.9 156.1 157.3 157.6 155.6 160.8 164.2 166.5 174.4
Chile 78.0 65.9 49.1 25.0 29.9 61.0 57.9 72.2 70.9 65.9 41.3 42.8 40.8 49.1 29.0 32.4 27.8 25.0 10.3 29.9 33.4 29.9 19.7 53.2 32.4 61.0 56.6
Ukraine 156.9 135.3 129.9 57.6 90.5 105.6 141.8 145.8 138.9 135.3 129.0 127.3 128.8 129.9 97.2 33.1 44.9 57.6 125.6 101.3 78.8 90.5 77.8 102.5 74.5 105.6 96.4
USA - - - - 81.0 36.7 - - - - - - - - - - - - - 50.0 96.5 81.0 30.8 28.7 34.0 36.7 24.8
Dominican Republic - - - - 125.7 81.2 - - - - - - - - - - - - - 136.2 122.9 125.7 80.1 79.0 80.1 81.2 86.1
Spain - - - 227.9 81.1 52.8 - - - - - - - - - 507.4 438.3 227.9 - 62.6 65.2 81.1 44.5 41.3 47.2 52.8 55.2
Wind Load Factors (%)
Spain Average 25.6% 23.2% 24.2% 23.6% 22.8% 22.3% 26.3% 22.5% 21.4% 23.2% 31.9% 26.0% 22.9% 24.2% 27.1% 24.2% 22.3% 23.6% 28.7% 24.0% 21.4% 22.8% 27.6% 23.9% 21.9% 22.3% 26.7%
Canada 30.5% 31.7% 30.1% 33.1% 29.5% 30.5% 38.6% 33.2% 29.8% 31.7% 37.4% 30.9% 27.6% 30.1% 44.0% 36.3% 31.2% 33.1% 36.5% 30.7% 26.4% 29.5% 35.2% 31.9% 27.4% 30.5% 26.4%
USA 34.4% 29.0% 20.1% 22.2% 21.0% 20.5% 34.0% 32.5% 29.3% 29.0% 20.8% 21.6% 20.2% 20.1% 22.3% 24.3% 22.5% 22.2% 27.8% 23.7% 22.1% 21.0% 22.8% 22.6% 20.4% 20.5% 28.1%
India 27.5% 25.5% 25.8% 24.6% 27.7% 25.1% 15.7% 21.9% 27.3% 25.5% 16.6% 23.0% 29.8% 25.8% 15.6% 21.8% 27.9% 24.6% 19.2% 23.8% 31.8% 27.7% 15.6% 20.7% 29.6% 25.1% 17.1%
Mexico 37.9% 37.5% 36.3% 37.5% 39.2% 35.0% 47.0% 36.0% 34.1% 37.5% 43.4% 35.9% 35.7% 36.3% 42.4% 37.7% 36.4% 37.5% 42.6% 34.6% 37.2% 39.2% 41.4% 33.3% 31.9% 35.0% 47.5%
Costa Rica 61.7% 52.3% 58.6% 52.1% 56.9% 48.7% 77.4% 62.7% 54.3% 52.3% 80.4% 65.8% 57.7% 58.6% 83.8% 60.1% 51.3% 52.1% 78.6% 64.2% 60.8% 56.9% 72.5% 56.4% 49.6% 48.7% 79.8%
Australia 32.4% 32.5% 30.2% 28.3% 27.7% 27.2% 33.8% 31.4% 32.4% 32.5% 32.1% 30.1% 31.0% 30.2% 28.4% 28.5% 32.0% 28.3% 26.3% 28.2% 28.3% 27.7% 23.2% 22.6% 27.2% 27.2% 26.1%
Poland 27.6% 25.9% 23.0% 24.7% 25.1% 25.4% 41.6% 31.1% 25.6% 25.9% 0.0% 23.6% 20.7% 23.0% 38.3% 30.3% 25.4% 24.7% 32.9% 25.4% 22.3% 25.1% 34.5% 26.9% 24.6% 25.4% 24.5%
Croatia 31.4% 26.9% 30.8% 26.7% 28.1% 28.0% 31.7% 29.9% 27.0% 26.9% 25.0% 34.0% 28.9% 30.8% 36.0% 29.6% 27.4% 26.7% 33.4% 28.9% 26.7% 28.1% 36.6% 30.9% 28.3% 28.0% 29.5%
Portugal 29.5% 25.0% 27.2% 26.3% 25.8% 27.4% 26.9% 24.1% 23.7% 25.0% 38.4% 27.1% 25.9% 27.2% 28.8% 26.7% 24.8% 26.3% 28.8% 25.9% 25.3% 25.8% 31.7% 27.8% 26.9% 27.4% 30.3%
Italy 18.9% 16.9% 18.6% 17.7% 18.4% 16.8% 20.7% 18.6% 16.3% 16.9% 24.5% 20.3% 17.1% 18.6% 24.9% 20.5% 18.4% 17.7% 23.0% 18.3% 17.1% 18.4% 25.9% 19.6% 16.0% 16.8% 19.8%
Chile 28.2% 32.5% 31.3% 29.9% 31.0% 29.1% 41.2% 33.7% 31.1% 32.5% 35.2% 29.3% 29.7% 31.3% 32.5% 29.1% 28.9% 29.9% 41.2% 34.5% 30.0% 31.0% 38.1% 29.4% 29.2% 29.1% 36.2%
South Africa 27.3% 27.2% 26.7% 25.0% 29.1% 28.1% 34.1% 28.7% 26.0% 27.2% 31.7% 27.3% 25.5% 26.7% 32.4% 29.3% 25.1% 25.0% 33.6% 30.2% 28.0% 29.1% 28.0% 28.2% 27.6% 28.1% 27.1%
Peru - - - - 32.2% 51.2% - - - - - - - - - - - - - - - 32.2% 37.2% 45.5% 49.9% 51.2% 48.8%
Other tecnologies Load Factors (%)
Hydro - Spain 22.5% 30.9% 22.7% 20.1% 22.9% 34.0% 30.9% 38.3% 33.2% 30.9% 26.2% 29.0% 25.5% 22.7% 19.0% 26.6% 22.2% 20.1% 20.6% 22.5% 20.4% 22.9% 28.4% 36.1% 32.8% 34.0% 33.8%
Biomass - Spain 78.6% 81.3% 83.1% 83.8% 65.5% 70.1% 86.0% 86.9% 82.8% 81.3% 77.2% 77.9% 81.8% 83.1% 85.2% 82.2% 84.4% 83.8% 77.8% 25.9% 71.6% 65.5% 58.3% 58.6% 65.8% 70.1% 78.8%
Thermal Solar - US 20.2% 19.5% 17.4% 16.5% 16.6% 16.4% 10.7% 19.6% 22.6% 19.5% 10.7% 20.4% 20.6% 17.4% 12.1% 22.7% 19.4% 16.5% 7.1% 17.1% 19.0% 16.6% 6.9% 18.8% 19.3% 16.4% 8.6%
Solar PV
South Africa 25.2% 24.2% 24.4% 22.0% 23.9% 24.3% 25.5% 22.9% 22.6% 24.2% 25.7% 22.8% 22.6% 24.4% 24.3% 21.2% 20.7% 22.0% 26.5% 23.0% 22.5% 23.9% 26.4% 22.5% 22.2% 24.3% 24.5%
Chile 21.4% 23.6% 27.8% 24.7% 22.4% 19.9% 24.9% 21.5% 21.9% 23.6% 26.7% 26.1% 26.0% 27.8% 28.8% 24.5% 23.7% 24.7% 27.7% 24.1% 22.2% 22.4% 24.5% 21.1% 20.5% 19.9% 17.0%
Ukraine 13.7% 13.1% 10.8% 8.5% 12.0% 12.7% 8.1% 13.9% 15.9% 13.1% 5.8% 9.9% 12.1% 10.8% 5.2% 7.0% 9.4% 8.5% 5.8% 10.8% 13.7% 12.0% 6.8% 12.8% 14.9% 12.7% 8.5%
USA - - - - 20.3% 16.9% - - - - - - - - - - - - - 25.9% 20.4% 20.3% 12.5% 16.8% 18.4% 16.9% 13.5%
Domincan Republic - - - - 18.7% 18.8% - - - - - - - - - 25.6% - - - 24.7% 19.6% 18.7% 19.8% 19.1% 19.4% 18.8% 19.0%
Spain - - 13.0% 14.9% 18.4% 18.0% - - - - - - - 13.0% 9.4% 11.3% 14.9% 14.9% 19.9% 26.3% 28.7% 18.4% 13.0% 18.0% 20.9% 18.0% 13.0%
(1) Prices and load factors for consolidated MWs and do not include previous years' regularizations; (2) 753 MW located in the US additionally receive a "normalized" PTC of $30/MWh
ACCIONA ENERGÍA 3
ACCIONA Energía - Total Installed capacity
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Total Installed capacity (MW)
Wind 4,740 4,738 4,782 4,681 4,682 4,630 4,738 4,738 4,738 4,738 4,738 4,738 4,753 4,782 4,800 4,681 4,681 4,681 4,681 4,681 4,681 4,682 4,682 4,666 4,643 4,630 4,616
Hydro 873 873 873 868 868 693 873 873 873 873 873 873 873 873 873 868 868 868 868 868 868 868 868 867 867 693 67
Solar PV 3 4 19 186 227 333 3 3 4 4 4 4 5 19 19 87 154 186 187 197 198 227 227 293 332 333 333
Biomass 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61
Storage - - - - - 2 - - - - - - - - - - - - - - - - - - - 2 2
Spain 5,678 5,677 5,736 5,796 5,839 5,718 5,676 5,676 5,677 5,677 5,677 5,677 5,692 5,736 5,754 5,697 5,764 5,796 5,796 5,807 5,808 5,839 5,838 5,887 5,903 5,718 5,079
Mexico 740 930 1,076 1,076 1,076 1,076 776 862 881 930 983 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076
USA 866 1,064 1,062 1,062 1,058 1,431 866 894 973 1,064 1,064 1,064 1,064 1,062 1,062 1,062 1,062 1,062 1,061 1,061 1,058 1,058 1,058 1,055 984 1,431 1,431
Australia 435 453 592 603 1,077 1,515 435 435 435 453 543 592 592 592 592 592 592 603 678 803 974 1,077 1,185 1,339 1,441 1,515 1,513
India 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164
Italy 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156
Canada 181 181 181 181 181 398 181 181 181 181 181 181 181 181 181 181 181 181 181 181 181 181 181 181 289 398 460
South Africa 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138
Portugal 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120
Poland 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101
Costa Rica 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
Chile 234 312 312 312 312 312 273 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312
Croatia 30 30 30 30 30 102 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 57 93 102 102
Hungary 24 24 24 24 24 - 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 - -
Vietnam - - - 84 84 84 - - - - - - - - - - 84 84 84 84 84 84 84 84 84 84 84
Peru - - - - 136 136 - - - - - - - - - - - - - 24 118 136 136 136 136 136 136
Wind 3,236 3,722 4,005 4,100 4,705 5,781 3,312 3,465 3,563 3,722 3,864 4,006 4,006 4,005 4,005 4,005 4,089 4,100 4,173 4,322 4,584 4,705 4,813 4,991 5,167 5,781 5,842
Chile 308 401 610 610 610 610 359 372 372 401 577 610 610 610 610 610 610 610 610 610 610 610 610 610 610 610 610
South Africa 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94
Portugal 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46 46
Mexico 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405 405
Egypt 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186 186
Ukraine 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
USA - - - 177 1,227 1,313 - - - - - - - - - 6 61 177 220 385 803 1,227 1,313 1,313 1,313 1,313 1,313
Dominican Rep. - - - 58 58 221 - - - - - - - - - - 13 58 58 58 58 58 58 58 124 221 221
Australia - - - - - 380 - - - - - - - - - - - - - - - - - - 131 380 485
India - - - - - 245 - - - - - - - - - - - - - - - - - - - 245 411
Solar PV 1,138 1,232 1,441 1,676 2,725 3,600 1,189 1,203 1,203 1,232 1,408 1,441 1,441 1,441 1,441 1,447 1,515 1,676 1,719 1,884 2,302 2,725 2,812 2,812 3,009 3,600 3,870
Solar Thermoelectric (USA) 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64
Battery Storage (USA) - - - 190 190 190 - - - - - - - - - - - 190 190 190 190 190 190 190 190 190 190
International 4,439 5,017 5,509 6,030 7,684 9,635 4,565 4,731 4,829 5,017 5,336 5,511 5,511 5,509 5,509 5,515 5,667 6,030 6,146 6,460 7,140 7,684 7,879 8,057 8,430 9,635 9,966
Total Wind 7,977 8,460 8,787 8,781 9,387 10,411 8,050 8,203 8,301 8,460 8,603 8,745 8,759 8,787 8,805 8,685 8,769 8,781 8,853 9,003 9,265 9,387 9,495 9,657 9,810 10,411 10,458
Total other technologies 2,140 2,234 2,458 3,045 4,136 4,943 2,190 2,204 2,205 2,234 2,410 2,443 2,444 2,458 2,458 2,527 2,662 3,045 3,089 3,264 3,683 4,136 4,222 4,287 4,523 4,943 4,587
Total Energy 10,117 10,694 11,245 11,826 13,523 15,354 10,240 10,407 10,506 10,694 11,013 11,188 11,203 11,245 11,263 11,212 11,431 11,826 11,942 12,267 12,948 13,523 13,717 13,944 14,333 15,354 15,045
ACCIONA ENERGÍA 4
ACCIONA Energía - Consolidated Installed capacity
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Consolidated Installed capacity (MW)
Wind 3,516 3,514 3,557 3,674 4,169 4,116 3,514 3,514 3,514 3,514 3,514 3,514 3,528 3,557 3,575 3,648 3,648 3,674 3,674 4,167 4,167 4,169 4,169 4,153 4,130 4,116 4,103
Hydro 873 873 873 868 868 693 873 873 873 873 873 873 873 873 873 868 868 868 868 868 868 868 868 867 867 693 67
Solar PV 3 4 5 172 213 318 3 3 4 4 4 4 5 5 5 73 140 172 172 183 184 213 212 278 317 318 318
Biomass 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61 61
Storage - - - - - 2 - - - - - - - - - - - - - - - - - - - 2 2
Spain 4,453 4,452 4,496 4,775 5,311 5,191 4,451 4,451 4,452 4,452 4,452 4,452 4,467 4,496 4,514 4,650 4,717 4,775 4,775 5,279 5,280 5,311 5,310 5,360 5,376 5,191
Mexico 740 930 1,076 1,076 1,076 1,076 776 862 881 930 983 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076 1,076
USA 791 990 990 990 987 1,281 791 820 898 990 990 990 990 990 990 990 990 990 990 990 987 987 987 984 984 1,281 1,281
Australia 371 389 528 539 1,013 1,174 371 371 371 389 479 528 528 528 528 528 528 539 614 739 910 1,013 1,121 1,051 1,123 1,174 1,174
India 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164
Italy 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156 156
Canada 141 141 141 141 151 368 141 141 141 141 141 141 141 141 141 141 141 141 151 151 151 151 151 151 259 368 430
South Africa 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138 138
Portugal 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120
Poland 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101 101
Costa Rica 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
Chile 234 312 312 312 312 312 273 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312 312
Croatia 30 30 30 30 30 102 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 57 93 102 102
Hungary - - - - - - - - - - - - - - - - - - - - - - - - - - -
Vietnam - - - - - - - - - - - - - - - - - - - - - - - - - - -
Peru - - - - 136 136 - - - - - - - - - - - - - 24 118 136 136 136 136 136 136
Wind 3,034 3,519 3,804 3,815 4,431 5,176 3,109 3,263 3,360 3,519 3,662 3,804 3,804 3,804 3,804 3,804 3,804 3,815 3,900 4,049 4,311 4,431 4,540 4,493 4,710 5,176 5,238
Chile 308 401 610 610 610 610 359 372 372 401 577 610 610 610 610 610 610 610 610 610 610 610 610 610 610 610 610
South Africa 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94 94
Portugal - - - - 46 46 - - - - - - - - - - - - - - 46 46 46 46 46 46 46
Mexico - - - - - - - - - - - - - - - - - - - - - - - - - - -
Egypt - - - - - - - - - - - - - - - - - - - - - - - - - - -
Ukraine 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
USA - - - 177 1,227 1,313 - - - - - - - - - 6 61 177 220 385 803 1,227 1,313 1,313 1,313 1,313 1,313
Domincan Rep. - - - 58 58 221 - - - - - - - - - - 13 58 58 58 58 58 58 58 124 221 221
Australia - - - - - 380 - - - - - - - - - - - - - - - - - - 131 380 485
India - - - - - 245 - - - - - - - - - - - - - - - - - - - 245 411
Solar PV 502 595 804 1,040 2,135 3,009 553 566 566 595 771 804 804 804 804 810 878 1,040 1,083 1,247 1,711 2,135 2,222 2,222 2,418 3,009 3,280
Solar Thermoelectric (USA) 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64
Battery Storage (USA) - - - 190 190 190 - - - - - - - - - - - 190 190 190 190 190 190 190 190 190 190
International 3,600 4,179 4,672 5,109 6,820 8,439 3,726 3,893 3,991 4,179 4,497 4,672 4,672 4,672 4,672 4,678 4,746 5,109 5,236 5,550 6,276 6,820 7,015 6,969 7,382 8,439 8,772
Total Wind 6,550 7,033 7,361 7,489 8,600 9,292 6,623 6,776 6,874 7,033 7,176 7,318 7,332 7,361 7,379 7,452 7,452 7,489 7,574 8,216 8,478 8,600 8,709 8,646 8,839 9,292 9,341
Total other technologies 1,504 1,598 1,807 2,395 3,531 4,336 1,554 1,568 1,569 1,598 1,774 1,807 1,807 1,807 1,807 1,876 2,011 2,395 2,438 2,613 3,078 3,531 3,617 3,682 3,918 4,336 3,980
Total Energy 8,053 8,631 9,169 9,884 12,131 13,628 8,177 8,344 8,443 8,631 8,950 9,125 9,139 9,169 9,187 9,328 9,463 9,884 10,012 10,829 11,556 12,131 12,325 12,329 12,757 13,628 13,321
ACCIONA ENERGÍA 5
ACCIONA Energía - Net Installed capacity
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Net Installed capacity (MW)
Wind 4,080 4,078 4,124 4,138 4,263 4,210 4,078 4,078 4,078 4,078 4,078 4,078 4,094 4,124 4,140 4,125 4,125 4,138 4,138 4,261 4,261 4,263 4,263 4,247 4,224 4,210 4,197
Hydro 873 873 873 868 868 693 873 873 873 873 873 873 873 873 873 868 868 868 868 868 868 868 868 867 867 693 67
Solar PV 3 4 11 178 219 325 3 3 4 4 4 4 5 11 11 79 146 178 179 189 190 219 218 285 324 325 325
Biomass 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59 59
Storage 2 - - - - - - - - - - - - - - - - - - - - 2 2
Spain 5,015 5,014 5,067 5,243 5,409 5,288 5,013 5,013 5,014 5,014 5,014 5,014 5,031 5,067 5,083 5,131 5,198 5,243 - 5,243 5,377 5,378 5,409 5,408 5,457 5,473 5,288 4,649
Mexico 544 780 925 925 925 925 580 666 685 780 833 925 925 925 925 925 925 925 925 925 925 925 925 925 925 925 925
USA 607 851 851 851 848 1,162 607 636 715 851 851 851 851 851 851 851 851 851 851 851 848 848 848 845 842 1,162 1,162
Australia 312 353 492 504 977 1,139 312 312 312 353 443 492 492 492 492 492 492 504 552 703 874 977 1,085 1,015 1,087 1,139 1,138
India 135 142 142 142 142 142 135 135 135 142 142 142 142 142 142 142 142 142 142 142 142 142 142 142 142 142 142
Italy 104 117 117 117 117 117 104 104 104 117 117 117 117 117 117 117 117 117 117 117 117 117 117 117 117 117 117
Canada 94 106 106 106 113 330 94 94 94 106 106 106 106 106 106 106 106 106 113 113 113 113 113 113 222 330 393
South Africa 51 57 57 57 57 57 51 51 51 57 57 57 57 57 57 57 57 57 57 57 57 57 57 57 57 57 57
Portugal 75 84 84 84 84 84 75 75 75 84 84 84 84 84 84 84 84 84 84 84 84 84 84 84 84 84 84
Poland 67 76 76 76 76 76 67 67 67 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76
Costa Rica 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32
Chile 219 301 301 301 301 301 258 297 297 301 301 301 301 301 301 301 301 301 301 301 301 301 301 301 301 301 301
Croatia 20 23 23 23 23 95 20 20 20 23 23 23 23 23 23 23 23 23 23 23 23 23 23 50 86 95 95
Hungary 12 12 12 12 12 - 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 - -
Vietnam - - - 21 21 21 - - - - - - - - - - 21 21 21 21 21 21 21 21 21 21 21
Peru - - - - 136 136 - - - - - - - - - - - - - 24 118 136 136 136 136 136 136
Wind 2,272 2,932 3,217 3,250 3,863 4,615 2,348 2,501 2,599 2,932 3,075 3,217 3,217 3,217 3,217 3,217 3,238 3,250 3,306 3,480 3,743 3,863 3,971 3,925 4,139 4,615 4,677
Chile 308 401 610 610 610 610 359 372 372 401 577 610 610 610 610 610 610 610 610 610 610 610 610 610 610 610 610
South Africa 35 39 39 39 39 39 35 35 35 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39
Portugal 20 23 20 23 34 34 20 20 20 23 23 23 20 20 23 23 23 23 23 23 34 34 34 34 34 34 34
Mexico 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202 202
Egypt 78 78 78 93 93 93 78 78 78 78 78 78 78 78 78 78 78 93 93 93 93 93 93 93 93 93 93
Ukraine 89 97 97 97 97 97 89 89 89 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 96
USA - - - 177 1,227 1,313 - - - - - - - - - 6 61 177 220 385 803 1,227 1,313 1,313 1,313 1,313 1,313
Dominican Rep. - - - 58 58 141 - - - - - - - - - - 13 58 58 58 58 58 58 58 92 141 141
Australia - - - - - 380 - - - - - - - - - - - - - - - - - - 131 380 485
India - - - - - 245 - - - - - - - - - - - - - - - - - - - 245 411
Solar PV 732 840 1,046 1,299 2,360 3,155 783 796 796 840 1,016 1,049 1,046 1,046 1,049 1,055 1,123 1,299 1,342 1,507 1,937 2,360 2,447 2,447 2,611 3,155 3,425
Solar Thermoelectric (USA) 43 48 48 48 48 48 43 43 43 48 48 48 48 48 48 48 48 48 48 48 48 48 48 48 48 48 48
Battery Storage (USA) - - - 190 190 190 - - - - - - - - - - - 190 190 190 190 190 190 190 190 190 190
International 3,047 3,820 4,312 4,787 6,461 8,009 3,173 3,340 3,438 3,820 4,139 4,314 4,312 4,312 4,314 4,320 4,409 4,787 4,886 5,225 5,918 6,461 6,656 6,610 6,988 8,009 8,340
Total Wind 6,353 7,011 7,341 7,388 8,126 8,825 6,426 6,579 6,677 7,011 7,153 7,296 7,312 7,341 7,357 7,342 7,363 7,388 7,444 7,742 8,004 8,126 8,234 8,172 8,362 8,825 8,874
Total other technologies 1,710 1,824 2,037 2,642 3,744 4,472 1,760 1,774 1,775 1,824 2,000 2,033 2,031 2,037 2,040 2,109 2,244 2,642 2,685 2,861 3,292 3,744 3,830 3,896 4,099 4,472 4,116
Total Energy 8,062 8,835 9,378 10,030 11,870 13,297 8,186 8,353 8,452 8,835 9,153 9,329 9,343 9,378 9,397 9,451 9,607 10,030 10,129 10,602 11,296 11,870 12,065 12,068 12,461 13,297 12,990
ACCIONA ENERGÍA 6
ACCIONA Energía - Total Production
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Total Production (GWh)
Wind 10,639 9,671 10,033 9,713 9,374 9,124 2,725 4,666 6,675 9,671 3,251 5,326 7,093 10,033 2,780 4,985 6,889 9,713 2,921 4,889 6,568 9,374 2,817 4,864 6,712 9,124 2,680
Hydro 1,720 2,374 1,735 1,532 1,744 2,509 592 1,463 1,909 2,374 491 1,097 1,455 1,735 362 1,014 1,268 1,532 387 847 1,161 1,744 542 1,372 1,873 2,509 272
Solar PV 4 3 5 24 298 342 1 1 3 3 1 2 4 5 1 2 13 24 40 144 249 298 55 163 295 342 60
Biomass 421 437 445 450 351 378 115 232 333 437 102 207 328 445 113 219 339 450 102 196 287 351 78 157 266 378 104
Storage - - - - - - - - - - - - - - - - - - - - - - - - - - -
Spain 12,784 12,486 12,218 11,720 11,766 12,353 3,432 6,363 8,919 12,486 3,844 6,632 8,879 12,218 3,255 6,220 8,509 11,720 3,451 6,077 8,265 11,766 3,492 6,556 9,145 12,353 3,117
Mexico 2,457 2,610 3,137 2,887 3,009 2,701 758 1,164 1,693 2,610 823 1,386 2,166 3,137 803 1,437 2,093 2,887 805 1,314 2,138 3,009 790 1,272 1,838 2,701 898
USA 2,179 2,201 1,873 2,067 1,946 1,968 641 1,225 1,662 2,201 479 996 1,404 1,873 511 1,123 1,565 2,067 636 1,087 1,531 1,946 524 1,031 1,375 1,968 868
Australia 1,234 1,239 1,149 1,075 1,327 1,423 320 597 927 1,239 301 568 882 1,149 266 537 909 1,075 260 617 989 1,327 299 583 1,059 1,423 442
India 396 367 371 354 398 362 56 157 294 367 59 164 321 371 55 156 301 354 68 169 343 398 56 148 319 362 60
Italy 257 231 253 240 251 230 70 126 167 231 83 138 174 253 84 138 187 240 78 124 174 251 88 133 164 230 68
Canada 483 503 476 524 466 497 152 262 354 503 146 243 327 476 172 285 369 524 142 240 311 466 139 252 325 497 251
South Africa 330 329 322 303 352 340 102 172 235 329 94 163 229 322 97 176 227 303 100 180 252 352 85 170 251 340 80
Portugal 309 263 285 276 271 288 70 126 187 263 81 140 203 285 75 139 195 276 74 135 198 271 83 145 211 288 79
Poland 244 230 204 217 222 224 91 137 169 230 54 103 137 204 83 132 167 217 72 111 147 222 76 119 163 224 54
Costa Rica 267 227 254 226 246 212 84 135 177 227 86 142 187 254 89 129 166 226 84 138 197 246 78 122 162 212 85
Chile 273 777 856 817 846 798 205 348 518 777 238 397 608 856 219 394 591 817 276 466 609 846 260 401 600 798 244
Croatia 82 71 81 70 74 74 21 39 53 71 25 44 57 81 23 38 54 70 22 38 53 74 24 41 56 74 26
Hungary 51 42 42 40 45 31 10 27 33 42 12 25 32 42 16 25 33 40 15 25 32 45 15 24 31 31 -
Vietnam - - - 67 277 260 - - - - - - - - - - 23 67 70 129 219 277 82 135 211 260 61
Peru - - - - 36 611 - - - - - - - - - - - - - - - 36 111 270 446 611 144
Wind 8,561 9,090 9,301 9,162 9,766 10,019 2,581 4,516 6,469 9,090 2,482 4,510 6,727 9,301 2,493 4,708 6,879 9,162 2,701 4,773 7,194 9,766 2,711 4,845 7,209 10,019 3,360
Chile 461 685 1,229 1,321 1,198 1,064 167 290 454 685 226 496 816 1,229 379 648 948 1,321 365 638 886 1,198 326 563 821 1,064 224
South Africa 208 201 201 182 198 201 53 95 140 201 52 93 140 201 49 87 128 182 54 94 138 198 54 93 138 201 50
Portugal 96 88 91 88 92 76 18 44 72 88 17 44 73 91 18 45 74 88 19 47 76 92 16 38 62 76 13
Mexico 408 918 872 836 772 636 186 484 750 918 198 454 702 872 185 451 676 836 178 437 635 772 139 327 524 636 109
Egypt 319 432 436 435 424 427 100 224 342 432 102 227 348 436 101 225 346 435 100 220 338 424 96 221 335 427 96
Ukraine 40 67 95 74 105 112 10 35 60 67 13 43 80 95 11 30 62 74 12 47 90 105 15 56 98 112 18
USA - - - - 424 1,633 - - - - - - - - - - - - - 94 293 424 144 641 1,270 1,633 385
Dominican Rep. - - - - 57 96 - - - - - - - - - - - - - 8 34 57 25 49 74 96 24
Australia - - - - - - - - - - - - - - - - - - - - - - - - - - -
India - - - - - - - - - - - - - - - - - - - - - - - - - - -
Solar PV 1,533 2,390 2,924 2,936 3,268 4,243 534 1,171 1,818 2,390 607 1,358 2,159 2,924 744 1,485 2,232 2,936 728 1,584 2,490 3,268 816 1,987 3,322 4,243 919
Solar Thermoelectric (USA) 113 110 98 93 93 92 15 55 95 110 15 57 87 98 17 63 81 93 10 48 80 93 10 53 81 92 12
Battery Storage (USA) - - - - - - - - - - - - - - - - - - - - - - - - - - -
International 10,207 11,589 12,323 12,191 13,128 14,355 3,130 5,742 8,382 11,589 3,104 5,925 8,972 12,323 3,254 6,256 9,192 12,191 3,439 6,405 9,765 13,128 3,536 6,885 10,613 14,355 4,290
Total Wind 19,201 18,761 19,334 18,876 19,141 19,143 5,306 9,182 13,143 18,761 5,733 9,836 13,820 19,334 5,273 9,693 13,768 18,876 5,622 9,663 13,762 19,141 5,527 9,709 13,921 19,143 6,040
Total other technologies 3,791 5,314 5,207 5,035 5,753 7,565 1,256 2,923 4,158 5,314 1,215 2,721 4,032 5,207 1,236 2,783 3,933 5,035 1,268 2,819 4,267 5,753 1,501 3,732 5,836 7,565 1,367
Total Energy 22,991 24,075 24,541 23,910 24,894 26,708 6,562 12,104 17,301 24,075 6,948 12,557 17,852 24,541 6,509 12,476 17,701 23,910 6,889 12,482 18,029 24,894 7,028 13,441 19,757 26,708 7,408
ACCIONA ENERGÍA 7
ACCIONA Energía - Consolidated Production
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Consolidated Production (GWh)
Wind 7,725 7,007 7,376 7,285 7,775 7,914 1,946 3,412 4,892 7,007 2,374 3,922 5,251 7,376 2,043 3,682 5,143 7,285 2,220 3,893 5,392 7,775 2,450 4,196 5,826 7,914 2,316
Hydro 1,720 2,374 1,735 1,532 1,744 2,509 592 1,463 1,909 2,374 491 1,097 1,455 1,735 362 1,014 1,268 1,532 387 847 1,161 1,744 542 1,372 1,873 2,509 272
Solar PV 4 3 5 11 277 322 1 1 3 3 1 2 4 5 1 2 4 11 36 134 232 277 51 153 278 322 57
Biomass 421 437 445 450 351 378 115 232 333 437 102 207 328 445 113 219 339 450 102 196 287 351 78 157 266 378 104
Storage - - - - - - - - - - - - - - - - - - - - - - - - - - -
Spain 9,870 9,821 9,561 9,278 10,146 11,123 2,654 5,109 7,137 9,821 2,967 5,228 7,037 9,561 2,519 4,917 6,753 9,278 2,745 5,070 7,072 10,146 3,121 5,879 8,242 11,123 2,749
Mexico 2,457 2,610 3,137 2,887 3,009 2,701 758 1,164 1,693 2,610 823 1,386 2,166 3,137 803 1,437 2,093 2,887 805 1,314 2,138 3,009 790 1,272 1,838 2,701 898
USA 1,948 1,987 1,764 1,985 1,881 1,884 579 1,103 1,504 1,987 449 939 1,316 1,764 497 1,084 1,496 1,985 612 1,046 1,474 1,881 517 1,020 1,364 1,884 769
Australia 1,083 1,106 1,030 940 1,205 1,287 286 537 830 1,106 272 511 794 1,030 236 470 808 940 233 560 898 1,205 265 525 960 1,287 383
India 396 367 371 354 398 362 56 157 294 367 59 164 321 371 55 156 301 354 68 169 343 398 56 148 319 362 60
Italy 257 231 253 240 251 230 70 126 167 231 83 138 174 253 84 138 187 240 78 124 174 251 88 133 164 230 68
Canada 373 371 353 395 378 413 114 194 261 371 112 182 243 353 129 210 275 395 114 196 253 378 118 208 266 413 228
South Africa 330 329 322 303 352 340 102 172 235 329 94 163 229 322 97 176 227 303 100 180 252 352 85 170 251 340 80
Portugal 309 263 285 276 271 288 70 126 187 263 81 140 203 285 75 139 195 276 74 135 198 271 83 145 211 288 79
Poland 244 230 204 217 222 224 91 137 169 230 54 103 137 204 83 132 167 217 72 111 147 222 76 119 163 224 54
Costa Rica 267 227 254 226 246 212 84 135 177 227 86 142 187 254 89 129 166 226 84 138 197 246 78 122 162 212 85
Chile 273 777 856 817 846 798 205 348 518 777 238 397 608 856 219 394 591 817 276 466 609 846 260 401 600 798 244
Croatia 82 71 81 70 74 74 21 39 53 71 25 44 57 81 23 38 54 70 22 38 53 74 24 41 56 74 26
Hungary - - - - - - - - - - - - - - - - - - - - - - - - - - -
Vietnam - - - - - - - - - - - - - - - - - - - - - - - - - - -
Peru - - - - 36 611 - - - - - - - - - - - - - - - 36 111 270 446 611 144
Wind 8,019 8,568 8,909 8,709 9,168 9,424 2,437 4,238 6,087 8,568 2,376 4,310 6,435 8,909 2,391 4,502 6,558 8,709 2,538 4,477 6,736 9,168 2,551 4,574 6,799 9,424 3,117
Chile 461 685 1,229 1,321 1,198 1,064 167 290 454 685 226 496 816 1,229 379 648 948 1,321 365 638 886 1,198 326 563 821 1,064 224
South Africa 208 201 201 182 198 201 53 95 140 201 52 93 140 201 49 87 128 182 54 94 138 198 54 93 138 201 50
Portugal - - - - 44 76 - - - - - - - - - - - - - - 28 44 16 38 62 76 13
Mexico - - - - - - - - - - - - - - - - - - - - - - - - - - -
Egypt - - - - - - - - - - - - - - - - - - - - - - - - - - -
Ukraine 40 67 95 74 105 112 10 35 60 67 13 43 80 95 11 30 62 74 12 47 90 105 15 56 98 112 18
USA - - - - 424 1,633 - - - - - - - - - - - - - 94 293 424 144 641 1,270 1,633 385
Domincan Rep. - - - - 57 96 - - - - - - - - - - - - - 8 34 57 25 49 74 96 24
Australia - - - - - - - - - - - - - - - - - - - - - - - - - - -
India - - - - - - - - - - - - - - - - - - - - - - - - - - -
Solar PV 710 952 1,525 1,577 2,025 3,181 230 419 655 952 290 632 1,035 1,525 439 764 1,137 1,577 431 880 1,469 2,025 580 1,440 2,463 3,181 714
Solar Thermoelectric (USA) 113 110 98 93 93 92 15 55 95 110 15 57 87 98 17 63 81 93 10 48 80 93 10 53 81 92 12
Battery Storage (USA) - - - - - - - - - - - - - - - - - - - - - - - - - - -
International 8,842 9,630 10,532 10,378 11,287 12,698 2,682 4,713 6,837 9,630 2,681 4,999 7,557 10,532 2,847 5,330 7,776 10,378 2,979 5,405 8,285 11,287 3,141 6,066 9,343 12,698 3,843
Total Wind 15,744 15,574 16,285 15,994 16,943 17,338 4,384 7,650 10,979 15,574 4,750 8,232 11,686 16,285 4,434 8,185 11,701 15,994 4,758 8,370 12,127 16,943 5,001 8,770 12,624 17,338 5,433
Total other technologies 2,968 3,877 3,808 3,663 4,490 6,483 952 2,171 2,995 3,877 898 1,995 2,908 3,808 932 2,062 2,829 3,663 966 2,105 3,229 4,490 1,262 3,175 4,961 6,483 1,159
Total Energy 18,712 19,451 20,093 19,657 21,433 23,821 5,336 9,821 13,974 19,451 5,649 10,227 14,594 20,093 5,365 10,247 14,530 19,657 5,724 10,476 15,357 21,433 6,262 11,945 17,585 23,821 6,592
ACCIONA ENERGÍA 8
ACCIONA Energía - Net Production
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Net Production (GWh)
Wind 9,085 8,242 8,602 8,405 8,348 8,237 2,311 3,991 5,714 8,242 2,781 4,571 6,100 8,602 2,383 4,283 5,949 8,405 2,547 4,321 5,843 8,348 2,556 4,394 6,071 8,237 2,417
Hydro 1,720 2,374 1,735 1,532 1,744 2,509 592 1,463 1,909 2,374 491 1,097 1,455 1,735 362 1,014 1,268 1,532 387 847 1,161 1,744 542 1,372 1,873 2,509 272
Solar PV 4 3 5 17 286 331 1 1 3 3 1 2 4 5 1 2 8 17 38 138 239 286 53 158 286 331 58
Biomass 402 419 426 430 335 363 110 223 319 419 97 197 313 426 108 209 324 430 97 189 275 335 75 152 255 363 99
Storage - - - - - - - - - - - - - - - - - - - - - - - - - - -
Spain 11,211 11,038 10,768 10,385 10,713 11,440 3,013 5,678 7,945 11,038 3,369 5,868 7,871 10,768 2,854 5,507 7,549 10,385 3,070 5,495 7,519 10,713 3,226 6,076 8,485 11,440 2,846
Mexico 1,822 1,978 2,653 2,413 2,506 2,235 560 879 1,293 1,978 680 1,179 1,860 2,653 647 1,213 1,767 2,413 679 1,126 1,810 2,506 653 1,090 1,554 2,235 732
USA 1,402 1,510 1,517 1,745 1,659 1,693 442 839 1,149 1,510 384 812 1,131 1,517 439 964 1,323 1,745 547 930 1,305 1,659 469 924 1,219 1,693 701
Australia 866 874 887 822 1,086 1,171 225 422 655 874 232 437 683 887 204 411 695 822 202 499 811 1,086 239 473 873 1,171 351
India 326 301 322 308 347 315 46 129 243 301 50 142 279 322 48 135 262 308 59 148 300 347 48 129 278 315 52
Italy 171 154 190 180 188 173 47 84 111 154 62 103 130 190 63 103 140 180 58 93 131 188 66 100 123 173 51
Canada 249 247 265 297 284 313 76 129 174 247 84 137 182 265 97 158 206 297 86 147 189 284 88 156 200 313 193
South Africa 121 120 132 125 145 140 37 63 86 120 39 67 94 132 40 72 93 125 41 74 104 145 35 70 103 140 33
Portugal 191 162 197 193 188 200 44 78 115 162 57 98 140 197 53 98 136 193 53 94 137 188 58 102 145 200 56
Poland 163 153 153 163 167 168 61 91 113 153 41 78 102 153 62 99 125 163 54 84 110 167 57 89 122 168 41
Costa Rica 174 148 165 147 160 138 54 88 115 148 56 92 122 165 58 84 108 147 54 90 128 160 51 79 105 138 55
Chile 235 740 831 790 821 771 199 334 493 740 231 386 590 831 211 380 570 790 271 456 592 821 255 389 580 771 239
Croatia 55 47 61 52 55 55 14 26 36 47 19 33 43 61 17 29 40 52 16 28 39 55 18 30 42 55 20
Hungary 25 21 21 20 22 15 5 13 16 21 6 12 16 21 8 12 16 20 7 12 16 22 7 12 15 15 -
Vietnam - - - 17 69 65 - - - - - - - - - - 6 17 17 32 55 69 21 34 53 65 15
Peru - - - - 36 611 - - - - - - - - - - - - - - - 36 111 270 446 611 144
Wind 5,798 6,457 7,394 7,270 7,733 8,064 1,810 3,176 4,597 6,457 1,940 3,577 5,371 7,394 1,947 3,757 5,488 7,270 2,145 3,813 5,727 7,733 2,176 3,947 5,859 8,064 2,684
Chile 461 685 1,229 1,321 1,198 1,064 167 290 454 685 226 496 816 1,229 379 648 948 1,321 365 638 886 1,198 326 563 821 1,064 224
South Africa 76 74 83 75 81 83 19 35 51 74 22 38 57 83 20 36 53 75 22 39 57 81 22 38 57 83 21
Portugal 42 39 45 43 56 57 8 19 32 39 8 22 36 45 9 22 36 43 9 23 45 56 12 29 47 57 10
Mexico 204 459 436 418 386 318 93 242 375 459 99 227 351 436 92 225 338 418 89 218 318 386 70 163 262 318 54
Egypt 134 181 183 217 212 213 42 94 143 181 43 95 146 183 43 95 145 217 50 110 169 212 48 110 168 213 48
Ukraine 40 67 91 71 101 107 10 35 60 67 12 42 77 91 10 29 59 71 12 45 86 101 14 54 95 107 17
USA - - - - 424 1,633 - - - - - - - - - - - - - 94 293 424 144 641 1,270 1,633 385
Dominican Rep. - - - - 57 96 - - - - - - - - - - - - - 8 34 57 25 49 74 96 24
Australia - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - -
Solar PV 957 1,504 2,067 2,145 2,515 3,571 339 715 1,116 1,504 409 920 1,484 2,067 554 1,054 1,578 2,145 547 1,174 1,888 2,515 662 1,647 2,793 3,571 783
Solar Thermoelectric (USA) 76 73 73 70 70 69 10 36 63 73 11 43 65 73 13 47 61 70 7 36 60 70 7 39 61 69 9
Battery storage (USA) - - - - - - - - - - - - - - - - - - - - - - - - - - -
International 6,831 8,033 9,534 9,485 10,318 11,704 2,159 3,927 5,776 8,033 2,360 4,540 6,920 9,534 2,513 4,859 7,127 9,485 2,700 5,023 7,674 10,318 2,845 5,633 8,712 11,704 3,476
Total Wind 14,883 14,698 15,996 15,675 16,081 16,301 4,121 7,167 10,311 14,698 4,721 8,148 11,470 15,996 4,330 8,040 11,436 15,675 4,693 8,134 11,570 16,081 4,732 8,341 11,930 16,301 5,100
Total other technologies 3,159 4,373 4,306 4,195 4,950 6,843 1,052 2,438 3,410 4,373 1,008 2,260 3,320 4,306 1,037 2,326 3,239 4,195 1,077 2,384 3,623 4,950 1,339 3,368 5,267 6,843 1,222
Total Energy 18,042 19,072 20,302 19,870 21,031 23,144 5,173 9,606 13,721 19,072 5,729 10,407 14,791 20,302 5,367 10,366 14,675 19,870 5,769 10,518 15,193 21,031 6,071 11,709 17,197 23,144 6,322
ACCIONA ENERGÍA 9
ANE P&L
ACCIONA Energía - P&L
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
P&L
Revenues 1,995 1,769 2,472 4,351 3,547 3,048 845 1,769 1,041 2,472 2,206 4,351 1,760 3,547 1,333 3,048
Changes in inventories of finished goods and work in progress - - - 11 14 855 - - - - 4 11 0 14 0 855
Other revenues 483 562 252 343 442 5 326 562 145 252 151 343 151 442 263 5
Cost of goods sold (1,011) (903) (1,060) (2,203) (1,766) (1,730) (499) (903) (423) (1,060) (1,074) (2,203) (838) (1,766) (687) (1,730)
Personnel expenses (119) (115) (150) (210) (256) (272) (57) (115) (68) (150) (102) (210) (123) (256) (138) (272)
Other expenses (467) (502) (490) (748) (777) (772) (229) (502) (222) (490) (335) (748) (328) (777) (340) (772)
Operating income from associated companies 45 57 63 110 81 (10) 37 57 27 63 60 110 65 81 (12) (10)
EBITDA 926 868 1,086 1,653 1,285 1,123 423 868 501 1,086 909 1,653 686 1,285 419 1,123
Depreciation and amortisation (412) (348) (376) (421) (472) (536) (173) (348) (184) (376) (201) (421) (223) (472) (261) (536)
Provisions (5) (62) (5) (13) (19) (23) (65) (62) (1) (5) (6) (13) (9) (19) (4) (23)
Impairment of assets value (3) 85 (2) (21) (11) 134 85 85 (1) (2) (36) (21) (1) (11) 44 134
Results on non-current assets (1) (0) 1 9 1 (0) 0 (0) 1 1 8 9 (3) 1 0 (0)
Other gains or losses 14 (0) (9) 18 132 1 0 (0) (3) (9) (0) 18 145 132 0 1
EBIT 519 543 695 1,225 917 699 270 543 314 695 675 1,225 595 917 198 699
Net financial result (247) (234) (126) (125) (156) (188) (123) (234) (72) (126) (62) (125) (63) (156) (85) (188)
Exchange differences (net) 13 (4) 10 20 5 (25) (10) (4) 3 10 18 20 9 5 (2) (25)
Var. provisions financial investments (2) (1) (1) - - (1) (0) (1) (0) (1) - - - - - (1)
Profit & loss from chg.in value of instruments at FV 2 24 (16) (64) 9 (2) 9 24 (18) (16) (61) (64) 27 9 (13) (2)
EBT 285 328 562 1,057 776 482 146 328 225 562 570 1,057 567 776 98 482
Income tax (71) (98) (170) (262) (209) (95) (59) (98) (60) (170) (154) (262) (139) (209) (25) (95)
Profit after Taxes 214 230 393 794 567 387 87 230 166 393 416 794 428 567 72 387
Minority interest (25) (25) (30) (36) (42) (30) (7) (25) (13) (30) (26) (36) (23) (42) (8) (30)
Attributable Net Profit 190 206 363 759 524 357 80 206 153 363 390 759 405 524 65 357
ACCIONA ENERGÍA 10
ACCIONA Energía - P&L Breakdown
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
P&L - Key Figures
Generation Spain 723 646 799 1,555 1,105 855 308 646 321 799 833 1,555 569 1,105 379 855
Generation International 585 585 718 685 746 782 296 585 377 718 358 685 334 746 371 782
Intragroup adjust., Supply & Other 687 538 956 2,111 1,696 1,412 241 538 343 956 1,015 2,111 856 1,696 584 1,412
Revenues 1,995 1,769 2,472 4,351 3,547 3,048 845 1,769 1,041 2,472 2,206 4,351 1,760 3,547 1,333 3,048
Generation Spain 459 385 573 1,272 749 465 185 385 196 573 670 1,272 430 749 161 465
Generation International 452 459 542 436 550 573 236 459 305 542 251 436 268 550 259 573
Intragroup adjust., Supply & Other 15 24 (29) (55) (14) 12 1 24 (0) (29) (12) (55) (12) (14) (2) 12
EBITDA from Operations 926 868 1,086 1,653 1,285 1,050 423 868 501 1,086 909 1,653 686 1,285 419 1,050
Generation Margin (%) 69.7% 68.6% 73.5% 76.2% 70.2% 63.4% 69.9% 68.6% 71.7% 73.5% 77.4% 76.2% 77.3% 70.2% 56.1% 63.4%
EBITDA from Asset Rotation - - - - - 73 - - - - - - - - - 73
EBITDA 926 868 1,086 1,653 1,285 1,123 423 868 501 1,086 909 1,653 686 1,285 419 1,123
EBT 285 328 562 1,057 776 482 146 328 225 562 570 1,057 567 776 98 482
Margin (%) 14.3% 18.6% 22.7% 24.3% 21.9% 15.8% 17.3% 18.6% 21.7% 22.7% 25.8% 24.3% 32.2% 21.9% 7.3% 15.8%
Attributable Net Profit 190 206 363 759 524 357 80 206 153 363 390 759 405 524 65 357
P&L Breakdown
Revenue Breakdown
Spain 1,216 1,002 1,502 3,198 2,426 1,889 472 1,002 564 1,502 1,630 3,198 1,224 2,426 793 1,889
USA & Canada (1) 78 71 145 103 130 167 37 71 107 145 50 103 46 130 74 167
Mexico 187 173 188 230 277 249 83 173 80 188 106 230 128 277 109 249
Chile 117 154 229 262 248 237 76 154 101 229 137 262 146 248 120 237
Other Americas 45 42 42 47 53 46 27 42 26 42 28 47 30 53 25 46
Americas 428 440 605 642 708 699 223 440 315 605 322 642 349 708 329 699
Australia 76 92 59 73 56 65 33 92 32 59 39 73 27 56 34 65
Rest of Europe 192 164 231 364 279 316 82 164 95 231 178 364 122 279 143 316
Rest of the World 83 71 76 75 78 79 35 71 36 76 37 75 37 78 35 79
International 779 767 971 1,153 1,121 1,159 373 767 477 971 576 1,153 535 1,121 540 1,159
TOTAL Revenues 1,995 1,769 2,472 4,351 3,547 3,048 845 1,769 1,041 2,472 2,206 4,351 1,760 3,547 1,333 3,048
(1) Since Q1 2024 the average total achieved price of USA & Canada is reported together, as the latter will no longer be reported within "Other Americas"
ACCIONA ENERGÍA 11
ACCIONA Energía - P&L Detail
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
EBITDA Breakdown
Spain 436 359 531 1,255 739 504 168 359 180 531 676 1,255 419 739 154 504
USA & Canada (1) 54 44 117 46 115 130 25 44 99 117 29 46 50 115 62 130
Mexico 125 142 134 157 183 142 75 142 70 134 74 157 87 183 60 142
Chile 63 82 76 12 44 98 43 82 35 76 16 12 23 44 38 98
Other Americas 32 28 31 36 32 27 20 28 20 31 23 36 21 32 16 27
Americas 274 296 358 251 375 397 163 296 224 358 143 251 181 375 177 397
Australia 54 71 30 36 11 67 24 71 18 30 23 36 6 11 14 67
Rest of Europe 94 90 111 61 101 91 40 90 51 111 38 61 50 101 45 91
Rest of the World 68 53 57 50 60 65 27 53 28 57 30 50 31 60 30 65
International 490 510 555 398 547 619 255 510 321 555 234 398 267 547 265 619
TOTAL EBITDA 926 868 1,086 1,653 1,285 1,123 423 868 501 1,086 909 1,653 686 1,285 419 1,123
Margin (%) 46.4% 49.1% 43.9% 38.0% 36.2% 36.8% 50.1% 49.1% 48.1% 43.9% 41.2% 38.0% 39.0% 36.2% 31.4% 36.8%
EBT Breakdown
Spain 224 219 423 1,218 808 628 112 219 115 423 640 1,218 527 808 196 628
USA & Canada (1) (46) (39) 3 (80) (2) (110) (22) (39) 33 3 (83) (80) 22 (2) (61) (110)
Mexico 26 56 41 54 59 (18) 22 56 27 41 27 54 33 59 (4) (18)
Chile 25 25 12 (99) (68) (27) 16 25 2 12 (26) (99) (28) (68) (24) (27)
Other Americas 2 2 9 10 (13) (14) 7 2 10 9 12 10 4 (13) (5) (14)
Americas 8 44 66 (115) (24) (168) 22 44 72 66 (70) (115) 32 (24) (94) (168)
Australia 1 28 (6) (9) (60) (36) 1 28 0 (6) 8 (9) (25) (60) (24) (36)
Rest of Europe 45 38 72 (35) 33 46 12 38 32 72 (17) (35) 24 33 15 46
Rest of the World 7 (0) 7 (3) 19 13 (1) (0) 6 7 8 (3) 9 19 5 13
International 61 110 139 (162) (32) (146) 34 110 110 139 (71) (162) 41 (32) (98) (146)
TOTAL EBT 285 328 562 1,057 776 482 146 328 225 562 570 1,057 567 776 98 482
Margin (%) 14.3% 18.6% 22.7% 24.3% 21.9% 15.8% 17.3% 18.6% 21.7% 22.7% 25.8% 24.3% 32.2% 21.9% 7.3% 15.8%
(1) Since Q1 2024 the average total achieved price of USA & Canada is reported together, as the latter will no longer be reported within "Other Americas"
ACCIONA ENERGÍA 12
ACCIONA Energía - Spain P&L
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
Spain P&L
Generation - Spain 723 646 799 1,555 1,105 855 308 646 321 799 833 1,555 569 1,105 379 855
Intragroup adjust., Supply & Other 493 356 703 1,643 1,321 1,034 164 356 243 703 797 1,643 655 1,321 415 1,034
Revenues 1,216 1,002 1,502 3,198 2,426 1,889 472 1,002 564 1,502 1,630 3,198 1,224 2,426 793 1,889
Generation 433 347 522 1,153 678 460 160 347 179 522 619 1,153 377 678 162 460
Generation - equity accounted 26 38 51 119 71 5 26 38 17 51 51 119 54 71 (1) 5
Total Generation 459 385 573 1,272 749 465 185 385 196 573 670 1,272 430 749 161 465
Intragroup adjust., Supply & Other (23) (27) (42) (17) (10) (23) (17) (27) (16) (42) 6 (17) (11) (10) (7) (23)
EBITDA from Operations 436 359 531 1,255 739 443 168 359 180 531 676 1,255 419 739 154 443
Generation Margin (%) 63.5% 59.7% 71.7% 81.8% 67.8% 54.4% 60.2% 59.7% 60.9% 71.7% 80.5% 81.8% 75.6% 67.8% 42.5% 54.4%
EBITDA from Asset Rotation - - - - - 61 - - - - - - - - - 61
EBITDA 436 359 531 1,255 739 504 168 359 180 531 676 1,255 419 739 154 504
EBT 224 219 423 1,218 808 482 112 219 115 423 640 1,218 527 808 196 482
Margin (%) 18.4% 21.8% 28.2% 38.1% 33.3% 25.5% 23.7% 21.8% 20.4% 28.2% 39.3% 38.1% 43.0% 33.3% 24.8% 25.5%
ACCIONA ENERGÍA 13
ACCIONA Energía - International P&L
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
International P&L
USA & Canada (1) 76 70 144 101 129 167 36 70 107 144 50 101 46 129 74 167
Mexico 156 164 178 211 252 211 78 164 76 178 101 211 112 252 102 211
Chile 53 85 103 54 61 114 42 85 49 103 36 54 33 61 51 114
Other Americas 44 41 42 47 53 46 26 41 26 42 28 47 29 53 25 46
Americas 328 360 466 413 494 537 182 360 258 466 215 413 220 494 253 537
Australia 72 64 54 69 55 61 32 64 31 54 39 69 26 55 28 61
Rest of Europe 103 90 121 129 119 105 47 90 54 121 66 129 51 119 54 105
Rest of the World 82 71 76 75 78 79 35 71 35 76 37 75 37 78 36 79
Generation - International 585 585 718 685 746 782 296 585 377 718 358 685 334 746 371 782
Intragroup adjust., Supply & Other 194 182 253 468 375 378 77 182 100 253 218 468 201 375 170 378
Revenues 779 767 971 1,153 1,121 1,159 373 767 477 971 576 1,153 535 1,121 540 1,159
USA & Canada (1) 45 37 98 50 90 127 21 37 91 98 34 50 39 90 54 127
Mexico 113 131 133 157 186 157 67 131 57 133 77 157 88 186 70 157
Chile 45 73 77 17 47 93 35 73 35 77 18 17 23 47 39 93
Other Americas 32 29 31 35 36 33 21 29 20 31 22 35 22 36 18 33
Americas 235 270 339 258 359 410 144 270 203 339 152 258 173 359 182 410
Australia 55 45 34 41 28 28 22 45 20 34 24 41 14 28 14 28
Rest of Europe 79 76 101 96 89 84 34 76 44 101 46 96 39 89 45 84
Rest of the World 66 51 58 55 62 61 26 51 27 58 27 55 31 62 26 61
Generation - International 435 441 531 451 537 583 226 441 295 531 249 451 256 537 267 583
Generation - equity accounted 18 18 11 (15) 13 (10) 11 18 11 11 2 (15) 12 13 (8) (10)
Total Generation 452 459 542 436 550 573 236 459 305 542 251 436 268 550 259 573
Intragroup adjust., Supply & Other 38 50 13 (38) (4) 34 19 50 15 13 (17) (38) (1) (4) 5 34
EBITDA from Operations 490 510 555 398 547 607 255 510 321 555 234 398 267 547 265 607
Generation Margin (%) 77.4% 78.5% 75.5% 63.7% 73.8% 73.3% 79.9% 78.5% 80.9% 75.5% 70.1% 63.7% 80.2% 73.8% 70.0% 73.3%
EBITDA from Asset Rotation - - - - - 12 - - - - - - - - - 12
EBITDA 490 510 555 398 547 619 255 510 321 555 234 398 267 547 265 619
EBT 61 110 139 (162) (32) (146) 34 110 110 139 (71) (162) 41 (32) (98) (146)
Margin (%) 7.9% 14.3% 14.4% -14.0% -2.8% -12.6% 9.2% 14.3% 23.1% 14.4% -12.3% -14.0% 7.6% -2.8% -18.2% -12.6%
(1) Since Q1 2024 the average total achieved price of USA & Canada is reported together, as the latter will no longer be reported within "Other Americas"
ACCIONA ENERGÍA 14
ANE BS
ACCIONA Energía - Balance Sheet
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
Balance Sheet
Property, Plant & Equipment and Intangible assets 6,973 7,170 7,601 8,940 10,639 11,534 7,252 7,170 7,387 7,601 8,171 8,940 10,009 10,639 11,018 11,534
Right of use 285 352 366 376 476 500 329 352 359 366 378 376 437 476 476 500
Financial assets 34 27 42 32 67 125 31 27 25 42 41 32 41 67 68 125
Investments applying the equity method 318 348 302 423 289 253 331 348 370 302 358 423 332 289 285 253
Goodwill - - - - 13 13 - - - - 60 - 13 13 13 13
Other non-current assets 504 491 599 655 718 1,112 518 491 536 599 593 655 679 718 876 1,112
Non-Current Assets 8,114 8,388 8,911 10,426 12,202 13,537 8,462 8,388 8,677 8,911 9,601 10,426 11,511 12,202 12,736 13,537
Inventories 120 109 125 148 175 200 122 109 115 125 168 148 162 175 192 200
Accounts receivable 364 430 536 631 866 625 316 430 478 536 742 631 767 866 748 625
Other current assets 142 157 285 242 277 286 220 157 223 285 217 242 302 277 361 286
Other current financial assets 198 196 172 200 155 147 183 196 120 172 190 200 136 155 122 147
Cash and Cash equivalents 296 468 625 612 736 495 208 468 378 625 1,170 612 559 736 451 495
Assets held for sale - - - - 262 954 - - - - - - - 262 480 954
Current Assets 1,119 1,360 1,743 1,833 2,471 2,707 1,049 1,360 1,313 1,743 2,486 1,833 1,926 2,471 2,353 2,707
Total Assets 9,233 9,748 10,654 12,259 14,672 16,243 9,511 9,748 9,990 10,654 12,088 12,259 13,437 14,672 15,090 16,243
Capital 329 329 329 329 329 325 329 329 329 329 329 329 329 329 325 325
Reserves 2,243 2,178 4,283 4,782 4,997 5,161 2,322 2,178 4,242 4,283 4,867 4,782 5,223 4,997 5,222 5,161
Profit attributable to equity holders of the parent 190 206 363 759 524 357 80 206 153 363 390 759 405 524 65 357
Interim dividend (75) (100) (0) - - - 0 (100) - (0) - - - - - -
Equity Attributable To Equity Holders Of The Parent 2,687 2,613 4,976 5,870 5,850 5,843 2,731 2,613 4,724 4,976 5,586 5,870 5,958 5,850 5,611 5,843
Minority Interest 203 367 379 391 489 394 199 367 378 379 415 391 450 489 487 394
Equity 2,891 2,980 5,354 6,261 6,339 6,237 2,929 2,980 5,102 5,354 6,001 6,261 6,407 6,339 6,098 6,237
Interest-bearing borrowings 860 801 1,769 1,764 3,835 3,520 769 801 709 1,769 1,991 1,764 3,335 3,835 4,220 3,520
Debt with group companies and associates 1,770 1,569 - - - - 1,392 1,569 - - - - - - - -
Liabilities with related parties - 206 215 208 340 559 216 206 210 215 - 208 269 340 343 559
LT Leasing liabilities 300 368 384 388 495 538 341 368 369 384 390 388 442 495 490 538
Other non-currrent liabilities 916 890 1,156 1,227 1,425 2,280 973 890 910 1,156 1,609 1,227 1,240 1,425 1,731 2,280
Non-Current Liabilities 3,846 3,834 3,525 3,587 6,095 6,897 3,690 3,834 2,198 3,525 3,990 3,587 5,286 6,095 6,784 6,897
Interest-bearing borrowings 151 203 610 665 268 642 131 203 176 610 1,004 665 368 268 445 642
Debt with group companies and associates 1,386 1,339 - - - - 1,389 1,339 1,582 - - - - - - -
Liabilities with related parties - - - - - - - - - - - - - - - -
ST Leasing liabilities 21 20 23 16 19 18 22 20 21 23 24 16 20 19 24 18
Trade payables 317 359 420 592 496 438 219 359 298 420 463 592 503 496 466 438
Other current liabilities 623 1,013 722 1,138 1,040 1,016 1,130 1,013 612 722 606 1,138 853 1,040 823 1,016
Liabilities associated to assets held for sale - - - - 415 994 - - - - - - - 415 450 994
Current Liabilities 2,496 2,934 1,774 2,411 2,238 3,109 2,891 2,934 2,690 1,774 2,097 2,411 1,744 2,238 2,208 3,109
Total Liabilities and Equity 9,233 9,748 10,654 12,259 14,672 16,243 9,511 9,748 9,990 10,654 12,088 12,259 13,437 14,672 15,090 16,243
ACCIONA ENERGÍA 15
ANE CF
ACCIONA Energía - Cashflow
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 (*) FY 2023 (*) FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 (*) H1 2023 FY 2023 (*) H1 2024 FY 2024
Cashflow
EBITDA 926 868 1,086 1,653 1,285 1,123 423 868 501 1,086 909 1,653 686 1,285 419 1,123
Financial Results (229) (210) (116) (91) (128) (140) (108) (210) (62) (116) (40) (91) (52) (128) (65) (140)
Working Capital (123) (76) 44 178 (279) (128) (37) (76) (33) 44 82 178 (207) (279) (63) (128)
Other operating cashflow 114 (114) (221) (362) (169) (47) (107) (114) (156) (221) (114) (362) (44) (169) (14) (47)
Operating cashflow 687 468 792 1,377 709 807 171 468 249 792 838 1,377 383 709 277 807
Gross ordinary Capex (736) (724) (614) (1,640) (2,218) (1,434) (478) (724) (404) (614) (501) (1,640) (1,103) (2,218) (504) (1,434)
Deferral Capex 231 148 (205) 362 (103) (104) 65 148 (258) (205) (269) 362 (441) (103) (343) (104)
Asset Rotation Divestment - - - - - 314 - - - - - - - - - 314
Net investment cashflow (505) (577) (819) (1,279) (2,321) (1,224) (413) (577) (661) (819) (770) (1,279) (1,544) (2,321) (847) (1,224)
Derivatives 3 17 21 26 (4) (14) 0 17 22 21 22 26 (7) (4) (24) (14)
Forex (13) 46 (14) (5) 23 5 35 46 (15) (14) (30) (5) 14 23 (22) 5
Dividends (76) (75) (100) (92) (230) (158) (75) (75) (100) (100) (92) (92) (230) (230) (158) (158)
Intragroup debt capitalization - 14 1,859 - - - 14 1,859 1,859 (0) - - - - -
Perimeter changes & other (52) 115 (73) (63) 228 274 32 115 (60) (73) (21) (63) (8) 228 (107) 274
Financing/Others cashflow (138) 117 1,692 (134) 17 107 (7) 117 1,706 1,692 (121) (134) (230) 17 (311) 107
Change in net debt + Decr. / - Incr. 44 8 1,666 (35) (1,595) (309) (249) 8 1,294 1,666 (53) (35) (1,391) (1,595) (881) (309)
* Data reexpresed
ACCIONA ENERGÍA 16
ANE Debt&Capex
ACCIONA Energía - Net Financial Debt & Capex
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
Net Financial Debt
Project Debt 972 823 713 551 546 356 879 823 787 713 594 551 583 546 515 356
Corporate Debt 2,778 3,089 1,666 1,879 3,557 3,807 3,017 3,089 1,665 1,666 2,400 1,879 3,120 3,557 4,150 3,807
Total interest-bearing debt 3,750 3,912 2,379 2,429 4,103 4,162 3,896 3,912 2,452 2,379 2,995 2,429 3,703 4,103 4,665 4,162
Cash + Cash equivalents (494) (664) (797) (812) (891) (642) (391) (664) (498) (797) (1,360) (812) (695) (891) (573) (642)
Net financial debt excl. IFRS16 3,256 3,248 1,582 1,617 3,212 3,520 3,505 3,248 1,954 1,582 1,635 1,617 3,008 3,212 4,092 3,520
IFRS 16 liability 320 388 407 404 514 556 363 388 390 407 414 404 462 514 514 556
Net financial debt 3,576 3,636 1,989 2,021 3,726 4,076 3,868 3,636 2,345 1,989 2,049 2,021 3,469 3,726 4,606 4,076
Financial Debt Details
Gross financial debt - Level
Corporate 70% 77% 87% 91% 68% 70% 80% 77% 84% 87% 89% 91%
Project 30% 23% 13% 9% 32% 30% 20% 23% 16% 13% 11% 9%
Gross financial debt - Currency
Euro 74% 69% 61% 52% 74% 74% 73% 69% 60% 61% 57% 52%
AUS Dollar n.d n.d 21% 21% n.d n.d n.d n.d n.d 21% 19% 21%
US Dollar 13% 20% 12% 23% 13% 13% 17% 20% 16% 12% 19% 23%
Others 13% 11% 6% 4% 13% 13% 10% 11% 24% 6% 5% 4%
Gros Financial Debt - Interest rate
Fixed 43% 64% 56% 54% 14% 43% 55% 64% 48% 56% 50% 54%
Variable 57% 36% 44% 46% 86% 57% 45% 36% 52% 44% 50% 46%
Corporate debt
Bank debt 39% 6% 35% 36% 100% 39% 12% 6% 38% 35% 40% 36%
Non-bank debt 61% 94% 65% 64% 0% 61% 88% 94% 62% 65% 60% 64%
Average cost of debt
Total debt 3.34% 3.26% 4.66% 4.92% 2.71% 3.34% 3.01% 3.26% 4.32% 4.66% 4.93% 4.92%
Project debt 7.89% 8.98% 8.40% 8.47% 7.87% 7.89% 8.69% 8.98% 8.50% 8.40% 8.82% 8.47%
Corporate debt 1.17% 1.59% 3.95% 4.46% 1.93% 1.17% 1.28% 1.59% 3.35% 3.95% 4.37% 4.46%
Average maturity (years)
Debt 3.55 5.35 5.96 5.28 3.91 3.55 4.83 5.35 7.14 5.96 5.48 5.28
Undrawn lines 2.70 2.10 2.77 2.55 3.18 2.70 2.31 2.10 2.13 2.77 2.45 2.55
ACCIONA ENERGÍA 17
ACCIONA Energía - Net Financial Debt & Capex
Year-end data Quarterly data
(€m) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
Capex
Spain 6 39 75 243 283 250 23 39 32 75 134 243 161 283 110 250
USA & Canada (1) 162 189 180 747 763 653 136 189 48 180 121 747 381 763 227 653
Mexico 164 217 66 10 8 9 144 217 61 66 4 10 (3) 8 6 9
Chile 300 141 49 10 3 (1) 88 141 73 49 8 10 0 3 1 (1)
Other Americas 2 2 17 135 424 12 1 2 0 17 26 135 253 424 (38) 12
Americas 629 549 311 902 1,199 673 370 549 182 311 158 902 631 1,199 196 673
Australia 71 121 104 338 629 207 75 121 74 104 113 338 303 629 100 207
Rest of Europe 34 32 10 104 98 51 10 32 3 10 91 104 5 98 32 51
Rest of the World (5) (17) 1 53 8 253 (1) (17) (1) 1 5 53 3 8 66 253
International 730 685 426 1,397 1,934 1,184 455 685 258 426 367 1,397 942 1,934 394 1,184
Others - - 113 - - - - - 113
Estrada Aguilera, Carlota: Acquisition of 8.33% stake in AEI 		113 - - - - - -
Gross Ordinary Capex 736 724 614 1,640 2,218 1,434 478 724 404 614 501 1,640 1,103 2,218 504 1,434
(1) Since Q1 2024 the average total achieved price of USA & Canada is reported together, as the latter will no longer be reported within "Other Americas"
ACCIONA ENERGÍA 18
Revenue drivers
ACCIONA Energía - Revenue drives - Spain
Revenue drivers - Spain Achieved price (€/MWh) Revenues (€m)
Consolidated Gas Gas
production (GWh) Market Rinv+Ro Banding Clawback Total Market Rinv+Ro Banding Clawback Total
FY 2024
Regulated 2,097 60.1 14.1 15.2 - 89.4 126 29 32 - 187
Wholesale - hedged 6,852 77.6 - - - 77.6 532 - - - 532
Wholesale - unhedged 2,174 62.4 - - - 62.4 136 - - - 136
Total - Generation 11,123 71.3 2.7 2.9 - 76.9 793 29 32 - 855
FY 2023
Regulated 2,063 84.5 5.3 12.3 102.0 174 11 25 211
Wholesale - hedged 6,011 121.5 121.5 730 730
Wholesale - unhedged 2,072 79.4 79.4 165 165
Total - Generation 10,146 105.4 1.1 2.5 108.9 1,069 11 25 1,105
FY 2022 (*)
Regulated 3,212 165.6 24.1 29.4 219.0 532 77 94 703
Wholesale - hedged 4,844 129.1 129.1 625 625
Wholesale - unhedged 1,223 185.9 (0.7) 185.2 227 (1) 226
Total - Generation 9,278 149.2 8.3 10.2 (0.1) 167.6 1,385 77 94 (1) 1,555
FY 2021
Regulated 5,413 103.1 36.7 (23.0) 116.7 558 199 (125) 632
Wholesale - hedged 3,947 38.6 38.6 153 153
Wholesale - unhedged 202 104.1 (30.3) 73.8 21 (6) 15
Total - Generation 9,561 76.5 20.8 (13.0) (0.6) 83.6 731 199 (125) (6) 799
FY 2020
Regulated 5,259 32.6 37.1 16.9 86.6 172 195 89 455
Wholesale - hedged 2,041 51.1 51.1 104 104
Wholesale - unhedged 2,522 34.1 34.1 86 86
Total - Generation 9,821 36.8 19.8 9.1 65.7 362 195 89 - 646
H1 2024
Regulated 1,098 41.3 14.0 (12.4) - 42.9 45 15 (14) - 47
Wholesale - hedged 3,410 79.9 - - - 79.9 272 - - - 272
Wholesale - unhedged 1,370 43.1 - - - 43.1 59 - - - 59
Total - Generation 5,879 64.1 2.6 (2.3) - 64.4 377 15 (14) - 379
ACCIONA ENERGÍA 19
ACCIONA Energía - Revenue drives - Spain
Revenue drivers - Spain Achieved price (€/MWh) Revenues (€m)
Consolidated Gas Gas
production (GWh) Market Rinv+Ro Banding Clawback Total Market Rinv+Ro Banding Clawback Total
H1 2023
Regulated 1,070 88.0 6.7 11.7 - 106.5 94 7 13 - 114
Wholesale - hedged 3,112 126.4 - - - 126.4 393 - - - 393
Wholesale - unhedged 889 91.2 - - (21.7) 69.5 81 - - (19) 62
Total - Generation 5,070 112.1 1.4 2.5 (3.8) 112.2 569 7 13 (19) 569
H1 2022
Regulated 1,712 206.7 22.2 (20.9) 207.9 354 38 (36) 356
Wholesale - hedged 2,225 125.1 125.1 278 278
Wholesale - unhedged 979 203.0 (0.6) 202.5 199 (1) 198
Total - Generation 4,917 169.0 7.7 (7.3) (0.1) 169.4 831 38 (36) (1) 833
H1 2021
Regulated 2,865 50.6 34.3 (9.4) 75.6 145 98 (27) 217
Wholesale - hedged 1,780 40.3 40.3 72 72
Wholesale - unhedged 582 56.1 56.1 33 33
Total - Generation 5,228 47.7 18.8 (5.1) 61.4 250 98 (27) - 321
H1 2020
Regulated 2,622 27.4 37.4 15.7 80.6 72 98 41 211
Wholesale - hedged 1,114 50.8 50.8 57 57
Wholesale - unhedged 1,372 29.0 29.0 40 40
Total - Generation 5,109 32.9 19.2 8.1 60.2 168 98 41 - 308
* Data reexpresed
ACCIONA ENERGÍA 20
ACCIONA Energía - Revenue drives - International
Revenue drivers - International Consolidated Achieved Generation
production (GWh) price (€/MWh) revenues (€m)
FY 2024
USA & Canada 4,022 41.6 167
Mexico 2,701 78.0 211
Chile 1,862 61.0 114
Other Americas 919 49.6 46
Americas 9,504 56.5 537
Australia 1,287 47.4 61
Rest of Europe 1,004 104.4 105
Rest of the World 903 87.3 79
Total - Generation 12,698 61.6 782
FY 2023
USA 2,398 53.6 129
Mexico 3,009 83.6 252
Chile 2,044 29.9 61
Other Americas 717 73.8 53
Americas 8,168 60.5 494
Australia 1,205 45.7 55
Rest of Europe 966 123.0 119
Rest of the World 947 82.0 78
Total - Generation 11,287 66.1 746
FY 2022
USA 2,078 48.8 101
Mexico 2,887 73.1 211
Chile 2,137 25.0 54
Other Americas 621 76.0 47
Americas 7,723 53.5 413
Australia 940 72.9 69
Rest of Europe 877 147.0 129
Rest of the World 838 88.9 75
Total - Generation 10,378 66.0 685
ACCIONA ENERGÍA 21
ACCIONA Energía - Revenue drives - International
Revenue drivers - International Consolidated Achieved Generation
production (GWh) price (€/MWh) revenues (€m)
FY 2021
USA 1,862 77.1 144
Mexico 3,137 56.8 178
Chile 2,085 49.2 103
Other Americas 607 69.5 42
Americas 7,690 60.7 466
Australia 1,030 52.7 54
Rest of Europe 918 132.3 121
Rest of the World 894 84.7 76
Total - Generation 10,532 68.1 718
FY 2020
USA 2,096 33.2 70
Mexico 2,610 63.0 164
Chile 1,461 58.4 85
Other Americas 599 68.1 41
Americas 6,766 53.2 360
Australia 1,106 57.9 64
Rest of Europe 862 104.6 90
Rest of the World 897 79.3 71
Total - Generation 9,630 60.8 585
H1 2024
USA & Canada (1) 1,922 38.7 74
Mexico 1,272 80.4 102
Chile 964 53.2 51
Other Americas 440 57.3 25
Americas 4,598 55.0 253
Australia 525 53.4 28
Rest of Europe 532 101.2 54
Rest of the World 411 86.8 36
Total - Generation 6,066 61.1 371
ACCIONA ENERGÍA 22
ACCIONA Energía - Revenue drives - International
Revenue drivers - International Consolidated Achieved Generation
production (GWh) price (€/MWh) revenues (€m)
H1 2023
USA 1,188 38.5 46
Mexico 1,314 85.2 112
Chile 1,104 29.9 33
Other Americas 342 85.7 29
Americas 3,947 55.7 220
Australia 560 46.7 26
Rest of Europe 454 112.9 51
Rest of the World 444 83.3 37
Total - Generation 5,405 61.9 334
H1 2022
USA 1,147 43.4 50
Mexico 1,437 70.4 101
Chile 1,042 34.5 36
Other Americas 339 84.0 28
Americas 3,965 54.3 215
Australia 470 83.0 39
Rest of Europe 477 138.6 66
Rest of the World 418 89.5 37
Total - Generation 5,330 67.2 358
H1 2021
USA 996 107.1 107
Mexico 1,386 55.2 76
Chile 893 54.8 49
Other Americas 324 79.1 26
Americas 3,599 71.6 258
Australia 511 60.1 31
Rest of Europe 469 114.3 54
Rest of the World 420 83.9 35
Total - Generation 4,999 75.5 377
ACCIONA ENERGÍA 23
ACCIONA Energía - Revenue drives - International
Revenue drivers - International Consolidated Achieved Generation
production (GWh) price (€/MWh) revenues (€m)
H1 2020
USA 1,158 31.5 36
Mexico 1,164 67.0 78
Chile 638 65.1 42
Other Americas 329 80.4 26
Americas 3,289 55.5 182
Australia 537 59.3 32
Rest of Europe 464 101.1 47
Rest of the World 423 81.7 35
Total - Generation 4,713 62.7 296
(1) Since Q1 2024 the average total achieved price of USA & Canada is reported together, as the latter will no longer be reported within "Other Americas"
ACCIONA ENERGÍA 24
Eq. Accounted
ACCIONA Energía - Equity Accounted
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Equity Accounted P&L Contribution to ANE's EBITDA
Spain Generation - equity accounted 26 38 51 119 71 5 n.d 26 n.d 38 n.d 17 n.d 51 n.d 51 n.d 119 n.d 54 n.d 71 n.d (1) n.d 5 n.d
International Generation - equity accounted 18 18 11 (15) 13 (10) n.d 11 n.d 18 n.d 11 n.d 11 n.d 2 n.d (15) n.d 12 n.d 13 n.d (8) n.d (10) n.d
Total Generation equity accounted P&L contribution 44 56 62 105 84 (5) n.d 36 n.d 56 n.d 27 n.d 62 n.d 52 n.d 105 n.d 66 n.d 84 n.d (9) n.d (5) n.d
Equity Accounted Capacity - Financial and operating data of the equity accounted portfolio (100% share)
Capacity (MW)
Wind Spain 593 593 593 493 246 246 593 593 593 593 593 593 593 593 593 506 506 493 493 246 246 246 246 246 246 246 246
Wind International 48 48 48 69 69 76 48 48 48 48 48 48 48 48 48 48 69 69 69 69 69 69 69 69 65 76 75
Australia 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 31
Hungary 12 12 12 12 12 - 12 12 12 12 12 12 12 12 12 12 12 21 21 21 21 12 12 12 12 - -
Vietnam - - - 21 21 21 - - - - - - - - - - 21 12 12 12 12 21 21 21 21 21 21
USA 4 4 4 4 4 23 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 - 23 22
Solar PV 310 310 317 332 302 302 310 310 310 310 310 310 310 317 317 317 317 332 332 332 302 302 302 302 302 302 302
Total equity accounted 952 952 958 893 616 623 952 952 952 952 952 952 952 958 958 870 891 893 893 646 616 616 616 616 612 623 622
Production (GWh)
Wind Spain 1,417 1,289 1,285 1,181 778 582 378 607 861 1,289 426 680 890 1,285 356 631 847 1,181 344 488 574 778 179 321 427 582 175
Wind International 113 99 86 109 156 159 25 50 74 99 22 44 65 86 24 48 77 109 39 75 120 156 45 75 118 159 49
Australia 75 67 59 68 61 67 17 30 49 67 15 29 44 59 15 33 51 68 13 29 46 61 17 29 50 67 19
Hungary 25 21 21 20 22 15 5 13 16 21 6 12 16 21 8 12 16 17 17 32 55 22 7 12 15 15 -
Vietnam - - - 17 69 65 - - - - - - - - - - 6 20 7 12 16 69 21 34 53 65 15
USA 13 12 6 5 4 12 3 7 9 12 2 3 5 6 1 2 4 5 1 2 3 4 0 1 1 12 15
Solar PV 400 698 679 699 638 540 147 365 566 698 153 352 545 679 147 350 535 699 153 364 525 638 119 278 437 540 104
Total equity accounted 1,931 2,086 2,049 1,988 1,572 1,281 551 1,022 1,500 2,086 600 1,075 1,500 2,049 527 1,028 1,460 1,988 536 927 1,219 1,572 344 675 982 1,281 328
EBITDA (€m)
Wind Spain 61 46 83 154 44 16 9 16 27 46 17 31 51 83 36 66 81 154 53 21 27 44 3 4 8 16 14
Wind International 7 2 2 10 4 3 1 1 2 2 0 0 0 2 2 5 9 10 1 3 4 4 1 2 3 3 0
Australia 5 2 2 7 3 2 0 1 1 2 (0) 0 0 2 1 4 7 7 1 2 2 3 1 1 2 2 0
Hungary 2 0 0 2 2 1 0 0 0 0 0 0 0 0 1 1 2 2 0 1 1 2 0 0 1 1 -
Vietnam - - - - - - - - - - - - - - - - - - - - - - - - - - -
USA - - - - - - - - - - - - - - - - - - - - - - - - - - -
Solar PV 25 26 26 31 23 16 6 14 22 26 5 13 21 26 6 15 24 31 9 23 38 23 (2) 5 12 16 4
Total equity accounted 93 74 111 196 71 36 16 31 51 74 22 44 72 111 44 86 114 196 63 46 69 71 3 11 23 36 18
ACCIONA ENERGÍA 25
ACCIONA Energía - Equity Accounted
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Q1 2020 H1 2020 9M 2020 FY 2020 Q1 2021 H1 2021 9M 2021 FY 2021 Q1 2022 H1 2022 9M 2022 FY 2022 Q1 2023 H1 2023 9M 2023 FY 2023 Q1 2024 H1 2024 9M 2024 FY 2024 Q1 2025
Net Financial Debt (€m)
Wind Spain 111 93 22 (42) (44) (17) 101 99 28 93 78 74 55 22 (38) (50) (46) (42) (54) (21) 76 (44) (41) (35) (18) (17) (21)
Wind International (3) (2) (3) (9) (8) (9) (1) (2) (0) (2) (3) (2) (3) (3) (4) (6) (8) (9) (12) (8) 43 (8) (9) (8) (9) (9) (9)
Australia (2) (2) (2) (7) (7) (9) (1) (2) - (2) (2) (2) (3) (2) (4) (5) (7) (7) (10) (7) (0) (7) (8) (8) (9) (9) (9)
Hungary (1) (0) (0) (2) (1) - (0) (0) (0) (0) (0) (0) (0) (0) (0) (1) (1) - - - - (1) (1) (0) (0) - -
Vietnam - - - - - - - - - - - - - - - - - (2) (2) (1) 43 - - - - - -
USA - - - - - - - - - - - - - - - - - - - - - - - - - - -
Solar PV 63 48 33 14 121 125 63 57 - 48 47 43 36 33 30 25 13 14 116 121 - 121 129 129 119 125 118
Total equity accounted 171 139 52 (38) 70 99 162 154 28 139 123 115 88 52 (12) (30) (42) (38) 49 92 119 70 79 85 91 99 88
ACCIONA ENERGÍA 26
ANE ESG
ACCIONA Energía - ESG Data
Year-end data Quarterly data
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 H1 2020 FY 2020 H1 2021 FY 2021 H1 2022 FY 2022 H1 2023 FY 2023 H1 2024 FY 2024
ESG Data
Environmental
CAPEX aligned with the low-carbon taxonomy (%) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Renewable production (GWh) 22,994 24,075 24,541 23,910 24,894 26,708 12,104 24,075 12,557 24,541 12,476 23,910 12,482 24,894 13,441 26,708
Avoided emissions (CO₂ million ton) 13.1 13.2 13.4 13.2 13.6 14.4 6.9 13.2 6.8 13.4 6.8 13.2 6.9 13.6 7.2 14.4
Generated scope 1+2 emissions (CO₂ thousand ton) 33.1 28.0 16.6 10.1 11.8 13 13.6 28.0 11.1 16.6 9.9 10.1 12,381 11.8 18,045 13
GHG emissions intensity (tCO2e/GWh) 1.44 1.16 0.68 0.42 0.47 0.48 1.13 1.2 0.88 0.7 0.80 0.4 0.99 0.47 1.34 0.48
Waste to landfill (thousand ton)
Estrada Aguilera, Carlota: Non-hazardous waste to landfill (thousand ton) until H1 2023 From H1 2023 onwards considers non-hazardous + hazardous 		3.47 2.34 1.20 0.64 0.92 0.87 1.16 2.34 0.65 1.20 0.36 0.64 0.68 0.92 0.48 0.87
Recovered waste (%) 78% 93% 97% 98% 97% 98% 94% 93% 94% 97% 98% 98% 96% 97% 98% 98%
Water consumed (hm³) 1.01 0.95 1.44 1.10 1.08 1.34 0.43 0.95 0.45 1.44 0.71 1.10 0.66 1.08 0.49 1.34
Net positive emissions through nature-based solutions (no. of trees planted) n.a n.a 74,947 123,134 118,738 147,215 n.a n.a n.a 74,947 30,900 123,134 54,264 118,738 94,385 147,215
Social
Workforce (no.) 1,629 1,543 1,762 2,354 3,099 3,224 1,552 1,543 1,557 1,762 2,098 2,354 2,974 3,099 3,205 3,224
Executive and manager women (%) 21.0% 20.9% 23.2% 26.0% 27.4% 27.2% 21.3% 20.9% 23.2% 23.2% 25.4% 26.0% 27.3% 27.4% 27.1% 27.2%
People with disabilities in Spain (%) 3.5% 4.0% 4.3% 3.5% 1.4% 4.0% 1.8% 4.3%
Gender pay gap (%) 1.6% 1.3% 1.6% 1.3% n.a 0.0%
Social Impact Management projects (no.) 22 32 34 114 133 136 29 32 32 34 114 114 117 133 121 136
Employees' hours of voluntary work (no.) 1,432 7,008 5,304 1,432 1,166 7,008 2,042 5,304
Social Impact Mngt. beneficiaries (thousand people) 227 217 261 114 133 207 217 201 261 170 114 n.d 133 n.d -
Accident frequency index - employees & contractors 0.76 0.53 0.61 0.39 0.39 0.34 0.48 0.53 0.60 0.61 0.55 0.39 0.36 0.39 0.50 0.34
Fatalities (nº) - 1 3 - - 1 - 3
Governance
Suppliers (no.) 3,222 3,409 3,415 3,222 2,579 3,409 2,634 3,415
Audited suppliers (%) 100% 100% 100% 1 100% 100% 100% 100%
No Go Suppliers (no.) 32 34 38 32 31 34 35 38
Communications received through Ethics Channel (no.) 15 14 15 14 -
Due diligence of third parties (no.) 104 172 131 104 37 172 73 131
Sustainable financing (%) 64% 96% 95% 1 86% 96% 92% 95%
Controversies (no.) - - - - - - -
ACCIONA ENERGÍA 27

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