Corporate
Outlook: Stable
Action date: 12/22/2020
Rating action: New

GREENALIA SA

Greenalia is positioned as a producer of renewable energy. During 2020 it is generating the first revenues from energy sales (74 MW) through wind and biomass. The company's main area of activity is Spain, where it has a pipeline of 3,461 MW of projects under development. In 2019 the company invoiced EUR 40.2m (+13.7%) with an EBITDA generated of almost EUR 3m, enabling it to cover its financial debt wih recourse by 8.5x, pending further progress on its strategic plan.

Rating

Solicited
Date last rating: 12/22/2020
Date first rating: 12/22/2020