Message from the Chairman

José Manuel Entrecanales

Chairman of ACCIONA Energía

Thirty years ago, we anticipated the future by building our first wind farm in Spain, and committing to a business model based solely on renewables. This unique business model has allowed us to be pioneers in developing solutions for decarbonising the economy and has proven to be essential in ensuring energy independence and combating one of humanity’s main challenges, climate change.

Since then, we have installed 12 GW of renewable capacity in 20 countries across 5 continents, generated over 300 TWh of clean energy, avoided the emission of 170 million tons of CO₂ and contributed to the decarbonisation of our clients through the supply of 100% renewable energy.

This unique business model has allowed us to be pioneers in developing solutions for decarbonising the economy and has proven to be essential in ensuring energy independence and combating one of humanity’s main challenges, climate change.

In 2022, in spite of facing a difficult context, I am proud to say that we succeeded in transforming existing challenges into tangible opportunities. It was, once again, a period that stood out for our determined focus on innovation. We conducted significant strategic investments in new solutions for the energy transition, such as battery storage, green hydrogen, electric vehicle charging and energy efficiency. While advancing our ambitious growth plan, we remain committed to leading the fight against the climate emergency.

With our long-term perspective, I am confident that we will seize the opportunities that the industry presents to ensure the collective success of our company, society and the environment.

With our long-term perspective, I am confident that we will seize the opportunities that the industry presents to ensure the collective success of our company, society and the environment.

These achievements are largely the result of the effort and dedication of our human talent. ACCIONA Energía has 2,354 employees from 45 nationalities, who work every day to make our company more sustainable. In 2022, we reduced our emissions by 40%, increased the percentage of women in management positions to 26%, developed our social impact management methodology for the benefit of over 300,000 people and decreased the frequency rate of accidents for both our employees and contractors by 36%.

In addition, through our long-term commitment to the communities in which we operate, we strive to generate a lasting and consistent positive impact over time. Beyond our voluntary contributions to social measures, our social contribution through tax payments has amounted to over 400 million euros, which represents 4.8 times the amount allocated to dividends and 58% of net attributable profit. We also create value through the payment of 2,722 million euros to our suppliers, 92% of which are local, and to our employees, with more than 139 million euros allocated to wages and salaries.

At ACCIONA Energía we are in an excellent position to continue providing innovative solutions to the major challenges we face; our commitment of over 30 years precedes us. We rely on our professionals, shareholders and customers to continue to make it possible.

We are at a turning point, with promising prospects for transition technologies, thanks to the increasing support of public policies worldwide. The last few years have been a stark reminder that we can no longer delay the solution; the technology and necessary capabilities are readily available but we must develop them at the speed and scale that the situation requires.

At ACCIONA Energía we are in an excellent position to continue providing innovative solutions to the major challenges we face; our commitment of over 30 years precedes us. We rely on our professionals, shareholders, and customers to continue to make it possible.