Q3 2024 Solaria Energia y Medio Ambiente SA Earnings Call Transcript
Key Points
- Solaria Energia y Medio Ambiente SA (SEYMF) is expanding its data center business across Europe, with a strong focus on Spain, and is negotiating joint ventures with Tier 1 players from Europe and the United States.
- The company is entering the UK market, which is seen as promising for renewable energy expansion, particularly in wind technology.
- Solaria has a robust pipeline with 1.7 gigawatts of power land solutions for data centers, primarily in the Iberia region.
- The company is maintaining its EBITDA targets for the year, with an estimated range of EUR205 million to EUR215 million, despite challenges in electricity pricing.
- Solaria is strategically focusing on combining solar, wind, batteries, and data center consumption for a comprehensive infrastructure strategy.
- The company experienced a 14% reduction in EBITDA due to low electricity prices in the first half of the year.
- Solaria is facing delays in construction projects due to issues with small players sharing infrastructure, impacting timelines.
- The Spanish government's 7% generation tax has significantly affected Solaria's EBITDA.
- There is uncertainty regarding the timeline for revenue generation from the data center joint ventures, with expectations set for late 2026 or 2027.
- The company is dealing with infrastructure delays, particularly affecting the Garonia project, which has been pushed to the second half of 2025.
(spoken in foreign language) Good afternoon everyone, and welcome to Solaria 2024 First Nine Months Results webcast. My name is David Guengant, the Head of IR of Solaria. I am joined today with Arturo Diaz Tejeiro, our Chief Executive Officer.
During this call, we'll discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. During this presentation, we'll begin with an overview of the results and the main development during the period given by our CEO, Arturo Diaz Tejeiro. Following this, we'll move on the Q&A session. I will also like to highlight that you have to submit all your questions via the web.
Thank you very much again, and I will now hand over the word to Arturo.
Thank you, David, and thank you to everyone joining this conference call. As always, I will move extremely fast over the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
