Message from the CEO

Rafael Mateo

CEO of ACCIONA Energía

During 2022, ACCIONA Energía made significant progress and laid solid foundations to guarantee its long-term growth. This was possible thanks to a differential business model based exclusively on renewable energies and supported by a highly skilled team and a unique asset platform that is difficult to replicate.

The geopolitical situation during this period, though undesirable, has further solidified clean technologies as secure, competitive, and wealth-generating energy sources in the territory. This has resulted in record-breaking investments and an unprecedented boost in long-term supportive policies across multiple regions. It has once again become clear that renewable energy plays a crucial role not only in mitigating the climate emergency, but also in achieving both energy independence and security. However, for renewables to play their part, and in order to ensure a safe and fair energy transition, stronger regulatory push remains urgent.

ACCIONA Energía has made significant progress and has laid solid foundations to guarantee its long-term growth.

Despite the complex environment, ACCIONA Energía’s high degree of diversification, financial and technical discipline and strength, as well as its innovative ambition, has made 2022 stand out as one of the most remarkable years in terms of new opportunities.

The year saw significant milestones in terms of growth, including the start of construction of the largest wind power complex in Australia and the company’s largest photovoltaic plant to date, in the United States. We have made significant progress in new markets, such as the Dominican Republic, Peru and Southeast Asia, as well as new businesses like energy storage. In this regard, in 2022 ACCIONA Energía completed the acquisition of a 190 MW battery in Texas (United States), and a 1.2 GW platform of projects under development. We have also made notable achievements in electric mobility, energy efficiency, offshore wind, and green hydrogen.

ACCIONA Energía has made 2022 stand out as one of the most remarkable years in terms of new opportunities.

In an increasingly renewable energy landscape, it is the quality of our operating assets, our focus on long-term sustained profitability, and our pioneering and genuine commitment to sustainability that sets us apart and enables us to tackle ambitious growth challenges. In 2022, we installed 706 MW of new renewable capacity, bringing our total capacity to 11.8 GW. Furthermore, we target a growth of 1.8 GW in 2023, representing a step-change in our ambitious growth acceleration plan announced during our IPO.

It is the quality of our operating assets, our focus on long-term sustained profitability, and our pioneering and genuine commitment to sustainability that sets us apart and enables us to tackle ambitious growth challenges.

This strength and consistency have allowed us, two years after our initial public offering, to join the IBEX 35 and S&P Global Clean Energy Index and, once again lead the Top 100 Green Utilities ranking by Energy Intelligence, for the eighth consecutive year; which recognizes us as the world’s greenest utility.

The purpose of this Integrated Report is to describe how we are addressing the challenges and opportunities presented by the sector, as well as the main and high-potential levers developed during the year 2022, which will contribute to the company and the industry’s future.