• The dividend will total €5 million, or €0.08780 gross per share.
• The company has secured $58 million in funding for a plant in Guatemala.
La Coruña, 28 October. The renewable energy multinational Ecoener is set to pay its first dividend since it listed on the stock exchange in May 2021, after the group’s Board of Directors approved a gross interim dividend of €5 million, or €0.08780 per share, to be paid against its 2024 results. The dividend will be distributed on 12 November. Ecoener’s IPO plan provided for the possibility of dividend payouts as of the third anniversary of the company’s stock market debut.
Ecoener is currently delivering robust business growth, which has intensified over recent years. The company currently has 787 MW in operation and under construction, up 229 MW or 41% from 558 MW a year ago.
The company remains committed to its previously announced target of delivering 1,000 MW in operation and under construction by the end of 2025, driving a change of scale for Ecoener both in terms of installed capacity and global diversification.
New financing
Ecoener has also secured financing for the 75MW El Carrizo plant which is currently under construction in Guatemala. The plant, which has a 10-year PPA in place, will be financed through a $58 million facility provided by Guatemalan financial group BAC.