Solaria today published the results obtained in the first half of 2024with a advantage that even if drop of 17%allows the company to gain 41.63 million euros and throws a improving your forecasts: “it will improve turnover in the second half of 2024» thanks to the price of energy.
Income was close to 100 million euroswith a decrease of 2% compared to a year ago, mainly due to the drop in energy prices in the first half of this year, which, as they say, the company hopes to improve during this latter part of the year .
The company chaired by Enrique Díaz-Tejeiro assured that despite these figures for the semester, “it continues to maintain exponential growth, which translates into an increase in energy production (+22%), which, due to the sharp drop in prices, does not is not materialized by a larger increase. In Ebitdabut it is expected that said price will normalize during the second part of the year and, therefore, reach the targets set.
inside your strategic plan, Solaria invested 112 million euros during these first six months of the year and obtained new construction authorizations for a wallet 1 additional GW. It now has a diversified project portfolio of 18 GW, including 3.1 GW in operation and under construction.
Last May, Solaria entered the data center business, through the creation of Solaria Data Centerwhose objective is to use its own electrical infrastructure linked to its electricity production projects energy in operation, construction And developmentfor the deployment of these projects. Solaria will provide these installations with access to the electrical network and energy through the signing of a PPP and other services related to project and facility development.
Actually, Solaria has already obtained 270 MW of assured consumption capacity linked to its production fleet and aims to achieve a total of 1,000 MW through already submitted application requests.
As a significant step forward in this new business sector, Solaria has signed an agreement with Japanese technology company Datasection to develop a Artificial Intelligence Data Center in its former industrial facilities Puertollano (Real City). This project includes a first phase of 40 MW based on the clean rooms of the former photovoltaic cell factory and will benefit from an initial investment of nearly 500 million euros. A possible extension of the installations is also planned until 200 MW of power.
For the second in the first half, an improvement in all turnover figures is expected due, among other things, to the increase in energy prices. In this sense, Solaria hopes to achieve an EBITDA of around 210 million euros at the end of the year and bring its cash flow to 94 million in the third quarter.
Facing 2025the company hopes to obtain more extraordinary income through the diversification of its business; the rotation of assets in Spain, the signing of new agreements with data centers and the increase in capital of its Landco Genericuntil reaching a total of 250 million in cash. Following this trend, Solaria will generate a billion in cash over the next four years.
According to the president of Solaria, D. Enrique Díaz-Tejeiro“Solaria will be a key player in the digital and energy transition in Europe in the years to come thanks to the diversification of its businesses: solar and wind energy, batteries, hydrogen, data centers and land use planning. “We continue to make great strides in achieving our strategic plan. »
