- Published: 07 November 2014 07 November 2014
Acciona’s attributable net profit almost doubled to €149 million in the first nine months of 2014, an increase of 98.5%, thanks to capital gains of €63 million from asset sales, and the impact of lengthening the useful life of wind farm assets, resulting in lower amortisation costs, valued at €92 million.
Revenues at Acciona Energía rose 1.3% to €1,526 million, while EBITDA fell 17.3% to €539 million. The results reflect the impact of regulatory changes to the energy sector in Spain, which cut earnings before tax by €194 million in the first nine months of the year. They also reflect a net fall of installed capacity of 59MW from the sale of wind farms in Germany and South Korea, which were partially compensated by the entry into production of 153MW in the past twelve months (58MW of solar in South Africa, 45MW of wind energy in Chile and 50MW of wind energy in Costa Rica.). The industrial and development activities achieved an EBITDA net improvement of €50 million, spearheaded by Acciona Windpower, which generated a positive EBITDA of €15 million in the first nine months of the year, compared with losses of €34 million in the same period of 2013. Total installed capacity reached 8,462 MW at the end of September, of which 7,042 MW were wind farms (2,299 MW international).