During the general meeting of shareholders, Ecoener’s President, Luis de Valdivia, revealed plans for the construction of a 50 MW photovoltaic project in Panama, scheduled to commence in September. This initiative marks Ecoener’s entry into Panama, adding to its existing operations in Latin America, which include the Dominican Republic, Honduras, Guatemala, and Colombia.
De Valdivia affirmed the company’s ambitious goal of achieving 1,000 MW in operation and under construction by 2025, describing it as a “clear and inalienable” objective in a recent statement.
Ecoener reported a strong financial performance for the previous year, with revenues reaching 64 million euros and a net profit of 12 million euros. The company’s EBITDA stood at 34 million euros, reflecting its robust operational efficiency.
Highlighting Ecoener’s international growth strategy, de Valdivia noted that 40% of the company’s revenues are now generated from operations in the Americas. Currently, Ecoener is actively constructing 400 MW of new capacity, with plans to bring at least 200 MW online by the end of 2024.
In 2023, Ecoener successfully launched two photovoltaic plants in the Dominican Republic, Cumayasa 1 and 2, totaling 96 MW, and one in Colombia named Sunnorte, with a capacity of 41 MW.
Over the past three years, Ecoener claims to have significantly expanded its operational footprint, increasing from 271 MW to 740 MW in operation and under construction across America and the Canary Islands.
Looking ahead, Ecoener is progressing with the development of 350 MW in Greece, having secured initial licensing, and is exploring opportunities in Italy, Romania, and Poland.
The company’s strategic expansion underscores its commitment to advancing renewable energy infrastructure globally, leveraging its expertise and expanding its portfolio across diverse international markets.
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