Acciona said that its EBITDA fell 18.2% to €393m, mainly due to a sharp fall in Spanish power pool prices. Acciona is more exposed to Spanish power prices – with 72% of its wind production in Spain - than its major competitors Iberdrola Renovables and EDP Renovaveis, both of whose assets are spread more widely internationally.
Revenues at Acciona’s Energy division, which accounted for 61% of total operating profits, fell by 36.3%
