Atlantica Sustainable Infrastructure plc: Atlantica Reports First Quarter 2021 Financial Results
Revenue increased by 11.8% year-over-year up to $235.2 million.
Net loss for the quarter attributable to the Company was $19.2 million, compared with a net loss of $40.5 million in the first quarter of 2020.
Net cash provided by operating activities of $146.7 million compared with $85.7 million in the first quarter of 2020.
Cash available for distribution ( CAFD ) increased by 7.6% year-over-year up to $51.2 million in the first quarter of 2021.
Agreement reached to acquire a 49% interest in a 596 MW portfolio of wind assets in Illinois, Texas, Oregon and Minnesota.
Closed the acquisition of Coso, a 135 MW contracted renewable energy plant in California.
Atlantica Reports First Quarter 2021 Financial Results
Revenue increased by 11.8% year-over-year up to $235.2 million.
Net loss for the quarter attributable to the Company was $19.2 million, compared with a net loss of $40.5 million in the first quarter of 2020.
Net cash provided by operating activities of $146.7 million compared with $85.7 million in the first quarter of 2020.
Cash available for distribution (“CAFD”) increased by 7.6% year-over-year up to $51.2 million in the first quarter of 2021.
Agreement reached to acquire a 49% interest in a 596 MW portfolio of wind assets in Illinois, Texas, Oregon and Minnesota.
Closed the acquisition of Coso, a 135 MW contracted renewable energy plant in California.
Following California and Texas blackouts, experts see potential for energy storage and better grid planning utilitydive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from utilitydive.com Daily Mail and Mail on Sunday newspapers.
Paul Lau became CEO and general manager of the Sacramento Municipal Utility District in October 2020, replacing former CEO Arlen Orchard, who retired that month after three decades with the utility. Lau, another veteran employee, joined SMUD as an electrical engineering student intern in 1982 and has been a member of the executive team since 2008. Comstock’s spoke to Lau about leading the country’s sixth-largest community-owned electric utility and about his plan to reach zero carbon emissions within 10 years.
What are some of your top priorities for your first year as CEO of SMUD? Some of the top priorities are making sure that we’re keeping
LITTLE ROCK, Arkansas Tri-State Generation and Transmission Association Inc. has begun membership in a energy imbalance market that it says is critical in its longer-term renewable-energy plans.
The market, which launched at midnight Monday as the Western Energy Imbalance Service, is run by Arkansas-based Southwest Power Pool Inc. The WEIS market allows the power wholesalers to trade energy with other producers in Montana, Wyoming, Colorado and portions of Arizona depending on demand within five-minute intervals. For example, if a wholesaler in western Colorado is taking on heavy demand and a supplier in Wyoming has excess energy, the two can trade that power within the market.