Greenvolt Energias Renováveis S A : 23 Nov, 2022 | Greenvolt - Energias Renováveis, S.A. divulga apresentação de resultados 9M2022

November 2022

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G R E E N V O L T

E X E C U T I V E S U M M A R Y

The war in Ukraine fostered an increase in short- and medium-term energy prices, strengthening the unavoidable structural trend of renewables consolidation as a key feature in energy markets

Permitting continues to be the most relevant barrier, supporting the added value of the development phase in the value chain which, together with the current high prices, also contributes to DG expansion

Considering the scarcity of approved projects, the expected returns of devolvement of projects is sheltered, as the structural increase in electricity prices offsets the temporary capex inflation and higher interest rates

Strong performance in 3Q22 driven by biomass and utility scale positive results

Wind and Solar PV plants at RtB/COD are very scarce assets with high demand, as seen by the asset sale done by Greenvolt in Poland

Greenvolt is reinforcing its liquidity and strengthening the Balance Sheet, namely with the recent capital increase (100 €m) and green bond emission (150 €m)

Considering the green bond issuance, current liquidity is above 700 €m

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