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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Acciona    ANA   ES0125220311

ACCIONA

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Acciona : completes construction of 405 MW project in Mexico

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01/12/2019 | 03:41am EDT

Spanish company Acciona Energa has completed construction of a 405 MW solar plant in Mexico, for which more than a million PV panels were installed in two months.

According to a statement released by the company yesterday, Acciona owns half the project, in partnership with Tuto Energy. After an investment of $349 million, the Puerto Libertad plant is expected to be grid connected by May.

Miguel ngel Alonso, CEO of Acciona Energy Mexico, said: To date we had never reached such a pace of activity in the construction of a photovoltaic plant. In Puerto Libertad we have achieved very efficient working practices, born of our experience in previous projects, and this has enabled us to complete the assembly of the plant in record time, and also contribute to a major increase in our installed capacity in Mexico.

Construction employed an average of 600 people with peaks of activity in which 1,300 jobs were created. In the operation phase, the plant will give stable employment to 38 people.

Puerto Libertad consists of 1,222,800 polycrystalline silicon panels installed on 1,496 horizontal tracking structures, with a solar capture surface of 2.4 km. It is in the municipality of the same name, on the coast of the Sea of Corts in the Gulf of Baja California, around 200 km northwest of Hermosillo. The plant will produce 963 GWh annually and could meet the electricity demand of around 583,000 homes.

Acciona signed a PPA for a 112 MW block of the Puerto Libertad plant in February 2017 and the project added a 227 MW block in the second clean energy auction held by the Mexican government.

Acciona now has 1,144 MW of installed solar capacity in Mexico.

(c) 2019 Bakhtar News Agency. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (EUR)
Sales 2019 7 171 M
EBIT 2019 642 M
Net income 2019 271 M
Debt 2019 4 827 M
Yield 2019 3,59%
P/E ratio 2019 20,2x
P/E ratio 2020 17,8x
EV / Sales2019 1,38x
EV / Sales2020 1,32x
Capitalization 5 097 M
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Average target price 93,84  €
Last Close Price 98,10  €
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José Manuel Entrecanales Domecq Chairman & Chief Executive Officer
José Ángel Tejero Santos Group Chief Financial Officer
Arantza Ezpeleta Puras Chief Technology & Innovation Officer
Belén Villalonga Morenés Independent External Director
Daniel Entrecanales Domecq Director
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