Like other power generators, Acciona suffered from lower power prices and a lower generation of its onshore farms with the load factor down by -1.5pp to 23.2% in the 9M23. However, unlike its Iberian peers, this was not offset by higher hydro generation which was 8% lower vs 2022 as it continued to suffer from scarcity.

20 Nov 2023
9M23 trading statement: strong backlogs offer visibility to businesses despite poor generation

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9M23 trading statement: strong backlogs offer visibility to businesses despite poor generation
- Published:
20 Nov 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
3 -
Like other power generators, Acciona suffered from lower power prices and a lower generation of its onshore farms with the load factor down by -1.5pp to 23.2% in the 9M23. However, unlike its Iberian peers, this was not offset by higher hydro generation which was 8% lower vs 2022 as it continued to suffer from scarcity.