Turnover fell 9.8% to €4,697m and EBITDA fell 4.8% to €711m primarily due to the decline of the average energy pool price in Spain (41%) and the current economic downturn.
ACCIONA invested a total €3,858m over the period, nearly three times more than the same period of 2008. The investments included €2,759m for the acquisition of 2,002 MW of wind and hydro assets from Endesa, in accordance with an agreement with Endesa and Enel.
They also include €1,099m of organic investments, in particular €848m for ACCIONA Energy and €136m for ACCIONA Infrastructure.
ACCIONA Energy made the greatest contribution to total group EBITDA (55.7%), with €404m, 3.5% less than the same period last year.
ACCIONA says it has offset the sharp dip in average energy prices in Spain (-41%) and the fall in activity of its wind and solar power activities with a 66% increase in installed capacity.
At 30 September, 2009, ACCIONA’s total installed capacity came to 7,308 MW, of which 2 GW were accounted for by renewables assets (wind and hydro) acquired from Endesa.