Edisun Power Reports Challenging Year, Drives Renewables to AI Strategy

Edisun Power Europe AG faced a challenging year with solar power production dropping to 152,352 MWh, a decrease of 5.2%. Revenues fell sharply by 72.7% to CHF 14.1 million, impacted by adverse weather and lower electricity prices. The company reported a net loss of CHF 7.1 million. A key project, ‘Fuencarral to AI’ in Madrid, is nearing sale, highlighting strategic shifts towards AI integration.

The EBITDA margin stood at 60.2% despite a significant decline. Improved earnings from Guarantees of Origin sales in Portugal eased the downturn. The Board recommended suspending dividend payments to focus on major projects like ‘Fuencarral to AI’ and bolster liquidity.

Investments in solar developments continued, with the Sadino plant at the ready-to-build stage. New financing measures included a bond issuance and capital increase, crucial for supporting ongoing projects.