Solaria’s net profit reached €124.9 million as EBITDA rose faster than total revenue in H1 2026
Its data center infrastructure business became a larger contributor, with sales reaching €99.6 million
Power generation rose 51%, while Solaria expanded its operating capacity and BESS pipeline
Solaria Energía y Medio Ambiente, the Spanish renewable energy company, reported a 52% year-on-year (YoY) increase in its net profit to €124.9 million during H1 2026. It attributes the increase to higher power generation and a sharp rise in data center infrastructure sales.
The Spanish company’s sales more than doubled to €167.2 million from €79.1 million in the same period last year. Total revenue, including other income, increased 44% to €223.3 million. EBITDA rose 50% to €210.1 million, compared with €140.1 million a year earlier.
CEO Arturo Díaz-Tejeiro said the company had reached 64% of its full-year 2026 EBITDA target in the first six months. The company has set a 2026 EBITDA target of €331 million.
Solaria said infrastructure was the main driver of the increase as sales in this segment went up by 355% to €99.6 million from €21.9 million in H1 2025. The improvement was primarily related to Powered Land model for data center projects, it said.
Energy sales from solar and battery energy storage systems (BESS) increased 18% to €67.6 million.
During the reporting period, Solaria said it signed a second 213 MW agreement for data centers, which took its contracted data center capacity to 438 MW, almost twice the 225 MW initially announced at its November 2025 Capital Markets Day.
The company said the 175 MW Oliva solar plant, where construction has been completed, will support a 70 MW data center project in Daganzo, Madrid. “We are executing faster than planned and with complete discipline,” added Díaz-Tejeiro.
Solaria generated 1,717 GWh of electricity in H1 2026, up 51% from 1,139 GWh in H1 2025.
Its operating capacity increased 85% to 3.06 GW from 1.65 GW a year earlier. Most of the operating capacity was in Spain, which accounted for 2.95 GW of the total, according to Solaria.
The company expects operating capacity to reach 3.6 GW by the end of 2026. This is below the 4.3 GW target included in its 2025 Capital Markets Day plan.
Solaria also reported progress in battery storage. It had about 120 MWh of BESS capacity in operation at the end of H1 and 1,200 MWh under construction. The company expects more than 1.2 GWh of BESS to be installed by year-end.
The company said it is using part of the €184 million raised through a capital increase to accelerate BESS deployment. It also said its operating BESS assets were performing above its expectations, based on an estimated three-year payback period.
Solaria also announced a 12-month efficiency program targeting €7 million in annualized savings. The company said 50% of those annualized savings had already been executed, while personnel costs fell 13% during the first half.
