Solaria reported a 127% YoY rise in net profit and 77% EBITDA growth in Q1 2025
Its growth strategy of evolving into a multi-sector group is working well
It now targets 3 GW of installed capacity in 2025; the company has a 19.2 GWh battery portfolio in Europe
Spain-headquartered renewable energy company Solaria Energía y Medio Ambiente has posted record Q1 2025 results, reporting a 77% year-on-year (YoY) increase in EBITDA and a 127% jump in net profit. It also announced a share buyback of up to 10% of its capital, which it says could reach 12.5 million shares.
Solaria attributed its net profit of €53.4 million and the 67% YoY revenue increase to €81 million during the reporting quarter to higher energy production and infrastructure growth. However, its energy production declined 8.4% YoY due to lower radiation levels.
The management added that strict financial discipline with stable financial costs and efficient control of operating and personnel expenses helped, despite high interest rates. Its strategy to transform into a multi-sector group active in renewable energy, infrastructure, real estate, and data centers seems to be working for the group.
Solaria has been executing long-term energy contracts in the industrial and technology sectors, underpinned by its own generation and evacuation infrastructure. This, it says, ensures stable revenues for the group.
Since entering the data center market in 2024, Solaria has secured 1.2 GW of committed power, including for 70 MW of the Oliva Solar project in Guadalajara, which will power a data center under self-consumption. This year, it also entered a 10-year power purchase agreement (PPA) with commodity trading group Trafigura for 1 TWh of solar energy supply from a 50 MW solar project, providing it with visibility to future revenue.
For 2025, Solaria continues to target EBITDA of between €245 million and €255 million and over 3 GW of installed capacity.
Over the next 12 months, it will deploy 500 MWh of battery energy storage systems (BESS), starting with the 1st project in Spain before the end of 2025. Its current battery portfolio in Europe is 19.2 GWh strong, with 5.6 GWh having a confirmed connection point and 7 GWh with co-located assets either operational, under construction or authorized. It currently has 2.8 GW of BESS under development in Spain and Italy.