José Manuel Entrecanales, Chairman of ACCIONA Energía, said today, at the company's General Shareholders’ Meeting held in Madrid, that "ACCIONA Energía has an optimal business model for the energy sector," due to its "consolidated global platform, recognized execution capabilities, and distinctive market positioning."

In his speech, he pointed out that one of the few constants in an increasingly complex and volatile environment is that “investment in renewable energy is establishing itself as the most competitive generation alternative, as well as the only viable solution in terms of time and emissions” to meet the growing electricity demand driven by technological transformation.

José Manuel Entrecanales said that, for the energy transition to be effective, “it is essential to accelerate the modernization of the ecosystem with faster procedures, more robust and interconnected networks, adequate remuneration systems, and social and public support.”

The Chairman of ACCIONA Energía highlighted Rafael Mateo's 16 years in the company, until today as CEO, as being characterized by “sound judgment, determination, and always a clear vision”, and expressed his confidence that Arantza Ezpeleta, who is taking over his responsibilities, will continue this leadership with the same effectiveness.

Meanwhile, Ezpeleta stated that "renewable technologies are not only clean, but also cost-competitive, scalable, and socially-demanded." In her view, "at ACCIONA Energía, we are not only ready to seize the opportunity presented by a rapidly changing electricity market, but to lead it."

Rafael Mateo said during his speech, given at his last General Shareholders' Meeting as CEO, that ACCIONA Energía is a project with a clear commitment to "selective growth aimed at enhancing value.”

Mateo pointed out that, in 2024, ACCIONA Energía exceeded its targets, despite the demanding market conditions, and continued to demonstrate its ability to execute and grow.

In this regard, he highlighted that the record achieved by the company last year, with the addition of 2GW of new renewable capacity, reflects “the company's strength in delivering large-scale projects and its capabilities as a developer of new assets, from initial design to final operation.”

Mateo also highlighted the strategic role of selective asset rotation as a tool to enhance value creation and optimize capital allocation, while maintaining a solid balance sheet and strengthening its business model as a global renewable energy platform. He noted that the rating agencies Fitch and DBRS continue to classify ACCIONA Energía as investment grade, “which reflects their confidence in its solid and geographically diversified business profile.”

INTERNATIONAL DRIVE

In 2024, ACCIONA Energía continued its expansion in key markets such as the United States, Canada, and Australia with flagship projects such as Red-Tailed Hawk (458MWp), Forty Mile (280MW), MacIntyre (1GW), and Aldoga (485MWp), which set the pace for the company’s growth.

The company also made progress in other countries, including Croatia, India, and the Dominican Republic, as well as in Southeast Asia, strengthening its global position. In Spain, it consolidated its leadership with the commissioning of new hybrid facilities and advancement in the construction of a biomass plant and a wind repowering project.

At the same time, ACCIONA Energía continues to diversify its value proposition for households, SMEs, large corporations, the public and private sectors, and industry through solutions such as self-consumption, energy efficiency, and electric vehicle charging. As Mateo explained, these solutions are supported by digitalization and reflect an innovative approach: delivering energy as a comprehensive service rather than as a traditional product. This model enables greater value creation, reinforces customer relationships, and consolidates ACCIONA Energía’s differentiated positioning in a rapidly transforming sector.

RESOLUTIONS

The General Shareholders’ Meeting approved, among other matters, the distribution of a gross dividend of €0.44 per share, to be paid on June 19, along with the annual accounts and the Sustainability Report. The company closed 2024 with revenues of €3,048 million, an EBITDA of €1,050 million, and a net attributable profit of €357 million.

The Shareholders also re-elected the following board members: José Manuel Entrecanales Domecq, Rafael Mateo Alcalá, Juan Ignacio Entrecanales Franco, Sonia Dulá, María Salgado Madriñán, Juan Luis López Cardenete, Rosauro Varo Rodríguez, Alejandro Mariano Werner Wainfeld, María Fanjul Suárez, and Teresa Quirós Álvarez.

In addition, it approved the appointment of Arantza Ezpeleta Puras as a board member, assuming the role of Chief Executive Officer of the company, replacing Rafael Mateo.