DBRS Ratings (DBRS Morningstar), an international rating agency, has assigned a long-term “BBB (high)” rating with a “stable” trend to ACCIONA Energía.
The rating falls within the “investment grade” category, reflecting “adequate credit quality” to meet the company’s financial obligations.
Following its recent IPO, ACCIONA Energía views its investment grade credit profile as a fundamental pillar of its strategy to optimize the cost of financing in order to maximize the value generated by its growth plan. ACCIONA Energy plans to double its size in terms of total installed renewable capacity from 10.7GW in 2020 to 20GW in 2025.
In its analysis, DBRS highlights the good risk profile of ACCIONA Energía’s business, which “is supported by stable cash flows from regulated generation assets in Spain and private power purchase agreements (PPAs) from its international generation assets, representing between 40% and 45% of the company’s EBITDA, respectively.”
In addition, the rating agency also highlights the company’s “good geographic diversification”, “solid credit metrics, strong liquidity and good capital management policy”, as well as “strong operating experience and a good track record in the development of energy projects.”
In compliance with Regulation (EU) 2016/679 on Data Protection and with other Data Protection regulations in force, you are hereby informed that your personal data shall be processed by Corporación Acciona Energías Renovables, S.A., whose identification data are as follows: Tax ID No. (NIF): A-85483311, Address: Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas (Madrid), Tel.+34 91 657 64 61. Your data shall be processed in order to address and manage your queries, requests, claims and suggestions, as well as send information, regarding our products and services through electronic means (all of these, hereinafter the “Request”).
The consent given by the data subject by indicating that they have read and accept this data protection information comprises the lawfulness of processing, and if a contract had been entered into with the interested party, legitimation shall be for the compliance of legal obligations derived from the aforementioned contract and for the enforcement thereof. We will only process the essential data that you provide in your application, such as your identification data (name, surname, language, contact details) and data related to the business area of your interest. The data shall be stored only for the time to attend and answer your Request, and in any case, never for more than twelve months.
In case your Request is related to other ACCIONA solutions or businesses, we may communicate your personal data to another entity of the Group (you can consult a list of ACCIONA Group companies at www.acciona.com/shareholders-investors/financial-information/annual-accounts/), in order to be able to deal with your Request in a more efficient way. We also may give access to your data to service providers (such as technology service providers) who assist us in fulfilling this purpose. Some of its service providers, may be located outside of the European Economic Area in territories that do not offer a level of data protection that is comparable to that of the European Union. In such cases, we transfer User data with appropriate safeguards and always ensuring the security of the same. By accepting the privacy terms, you consent to your data being transferred internationally in order for your Request to be properly processed.
The data subject can exercise their rights of access to or rectification, erasure or portability of their data, and/or the restriction of or objection to the processing of such data, by contacting to Corporación Acciona Energías Renovables, S.L., by writing the Department of Data Protection located at Avenida de Europa, 10, Parque Empresarial La Moraleja, 28108, in Alcobendas, Madrid, or by sending the form available at:
If we consider it necessary in order to be able to identify you, we may ask you for a copy of an identity document. Furthermore, at any time the data subject may withdraw the granted consent by contacting the aforementioned address and file a claim to the Supervisory Authority (Agencia Española de Protección de Datos www.aepd.es).
For any further information you can visit the Privacy Police on the website.