Press release
Quarterly information at 30 September 2021
Rise in revenue:
- over the first nine months of the year: +11%
- over the quarter: +19 %
Good growth driven by the biomass-converted plant in
Continuation of conversion work on
Confirmation of objectives for 2021
Third quarter 2021 revenue
Q3 20211 | 9-month total at | |||||
In millions of euros | Q3 2021 | Q3 2020 | Change % | 2021 (9 months) | 2020 (9 months) | Change % |
127.0 | 106.3 | +19% | 360.2 | 323.6 | +11% | |
13.0 | 12.9 | +1% | 36.9 | 37.0 | -0% | |
8.6 | 6.3 | +38% | 17.0 | 14.8 | +15% | |
Holding company and other | 1.1 | 0.3 | +243% | 3.4 | 1.1 | +205% |
Total | 149.7 | 125.8 | +19% | 417.4 | 376.5 | +11% |
Notes
- Unaudited figures.
- Including
Italy andSpain .
For the first nine months of the year, revenue reached €417.4 million, up 11% compared with 2020 (€376.5 million), thanks in particular to the full-year effect of the biomass-converted plant in
Revenue for the quarter totalled €149.7 million, up 19% compared to the third quarter of 2020 (€125.8 million).
Thermal biomass
Revenue from the thermal business up 11%
The availability of the plants reached 89.3% over the first nine months of the year, compared with 86.1% from January to
Last year, availability was affected by the extended shutdown of tranche 3 of Le Moule as work was being carried out on the plant’s biomass conversion.
Power generation from all facilities totalled 1,446 GWh after the first nine months of the year, compared with 1,476 GWh from January to
Over the first nine months of the year, revenue from the thermal business grew by 11% (€360.2 million, compared with €323.6 million from January to
Construction and development of projects
As part of the work to convert the Bois-Rouge power plant to 100% biomass,
The Group continues to develop its projects, focusing on converting its remaining thermal power stations in the overseas territories to biomass over the course of the next few years.
Solar power
Stable production of solar facilities
Photovoltaic electricity generation was stable at 93 GWh, despite a lack of sunshine in all areas, particularly in
Project development and commissioning of power plants
The Group continued the construction and development of rooftop projects in
In addition, several power plants were commissioned in these same areas (3.6 MWp during the quarter).
Finance Act 2021: changes in the regulatory environment
Article 54 sexies of the Finance Act 2021, approved on 16 December last, provides for the possibility of a downward revision of feed-in tariffs for PPAs concluded between 2006 and 2010. The implementing regulations specifying the level of the reduction should be published very soon. For the Group, the facilities theoretically concerned by the measure represent up to 57 MWp and approximately 6% of revenues. As an indication, a 10% reduction in the tariffs would lead to a loss of €2 to €3 million in EBITDA on a full year basis. An adjustment in value for impairment of the assets concerned might also prove necessary. According to the latest draft decree, however, of all our power plants concerned, only a few of the ground-based plants would be significantly affected.
Thermal biomass
Excellent performance of the plants and winning bids in emergency regulated auctions due to the drought
The Brazilian plants achieved excellent operational performances. Total electricity generation stood at 427 GWh. Excluding Vale Do Parana (commissioned last December), production was up 18% to 299 GWh, compared with 253 GWh in the first three quarters of 2020.
Given the intense drought that is severely affecting hydroelectric production in the country, electricity prices are reaching record levels, with a spot price of
Over the first nine months of the year, revenue rose 15% to €17.0 million (compared with €14.8 million from January to
Geothermal energy
Good performance of the plant and improvement in yields observed following the work carried out
The Gümüskoÿ power plant, acquired on
Confirmation of objectives
The Group confirms its 2021 guidance for EBITDA (€206-216 million) and net income, Group share (€53-59 million).
About | Contacts |
An independent renewable energy producer, In 2021, the Group announced the acquisition of a geothermal power plant in | Investor +33 (0)1 47 76 67 00 Media Charlotte Neuvy +33 (0)1 47 76 66 65 presse@albioma.com |
The Group is also included in the Gaïa-Index, an index for socially responsible midcaps. | www.albioma.com |
Attachment
- Albioma_CP_20211020_ENG
© OMX, source