NEWS 2021

Atlantica reports first quarter 2021 financial results

May 06, 2021
  • Revenue increased by 11.8% year-over-year up to $235.2 million.
  • Net loss for the quarter attributable to the Company was $19.2 million, compared with a net loss of $40.5 million in the first quarter of 2020.
  • Net cash provided by operating activities of $146.7 million compared with $85.7 million in the first quarter of 2020.
  • Cash available for distribution (“CAFD”) increased by 7.6% year-over-year up to $51.2 million in the first quarter of 2021.
  • Agreement reached to acquire a 49% interest in a 596 MW portfolio of wind assets in Illinois, Texas, Oregon and Minnesota.
  • Closed the acquisition of Coso, a 135 MW contracted renewable energy plant in California.
  • Closed the investment in Chile PV2, a 40 MW solar plant via our renewable energy platform.
  • Quarterly dividend of $0.43 per share approved by the Board of Directors.

Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company”) today reported its financial results for the first quarter of 2021. Revenue for the first quarter of 2021 was $235.2 million, an 11.8% increase compared with the first quarter of 2020. Adjusted EBITDA including unconsolidated affiliates increased by 2.5% to $170.1 million and CAFD was $51.2 million, a 7.6% rise compared with $47.6 million in the first quarter of 2020.

“In the first quarter of 2021 we made very good progress on our growth strategy, with the agreement reached for the acquisition of the 596 MW wind portfolio in the US and closings of the acquisitions of Coso, a 135 MW renewable asset in California and Chile PV 2, a 40 MW PV plant”.

Santiago Seage, Atlantica’s CEO
Download the full report

About Atlantica

Atlantica Sustainable Infrastructure Ltd. is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric transmission, and water assets in North America, Europe, and South America (atlantica.com).

Chief Financial Officer
Francisco Martinez-Davis
E

Investor Relations & Communication
Leire Perez
E
T +44 203 807 67 09

News

Go to News