José Manuel Entrecanales, chairman of ACCIONA Energía, said in his address to the company's Annual General Meeting today that "renewable power generation [within the European Union] is no longer simply an alternative; it has become a national security asset”.

The ACCIONA Energía chairman highlighted that despite “an increasingly polarized public debate” around clean energy, global investment in the energy transition reached a new record last year (US$2.3 trillion), exceeding investment in fossil fuels for the second consecutive year.

José Manuel Entrecanales identified three key forces shaping the sector: a new global energy geopolitics, accelerating electrification of demand, and greater financial maturity.

“We have learned, at considerable cost, that dependence on imported fuels is a major strategic vulnerability,” he said. “Renewable electricity generation is no longer merely an alternative; it has become a national security asset. This is already the broad consensus across Europe, and it is increasingly becoming so in other parts of the world.”

The chairman stressed that energy security also depends on ensuring that the technologies used to generate electricity (turbines, solar panels, batteries, etc) “meet European standards and are not subject to decisions made thousands of kilometers away.”

Regarding demand growth, he pointed to developments such as artificial intelligence, data centers, reindustrialization in Europe and North America, electric mobility, and the electrification of industrial and urban heating, all of which are driving a sharp increase in energy consumption. This new demand, he said, “can only be met on time and at a reasonable cost through renewable generation and the infrastructure that enables it.”

“Markets no longer reward growth for growth’s sake. They reward capital discipline, asset quality, and cash generation,” he added, referring to investors’ increasing financial expectations of the sector. “This marks a turning point in the transition from a growth-driven market to one focused on genuine value creation.”

OBJECTIVES ACHIEVED

ACCIONA Energía chief executive officer Arantza Ezpeleta presented the company’s 2025 results. The company reported revenues of €2.93 billion and EBITDA of €1.55 billion (+37.7%), in line with the guidance provided to the market. Net profit increased to €655 million (+83.5%).

Looking ahead, she said the company expects to complete the remaining asset rotations, maintain its financial strength, and add approximately 700MW of new capacity. “We expect a gradual acceleration in growth that is ambitious, achievable and profitable.”

At today’s meeting, ACCIONA Energía shareholders approved a dividend of €0.03 per share, payable on June 18th. Shareholders also approved the annual accounts, the Sustainability Report for the year, and the reappointment of KPMG as auditor through 2029.