Spain’s Solaria to Ramp Up Solar Capacity Drive Revenue Projections

Spain’s Solaria Energía y Medio Ambiente (SIX/BME: SLR), a solar power generation company, is set to substantially boost its installed capacity. According to Visible Alpha consensus, analysts expect Solaria’s total capacity to increase from 1,172 megawatts (MW) in 2022 to an estimated 2,048 MW in 2023, reaching 9,842 MW by 2030. Between 2023 and 2026, the company is projected to see annual double-digit growth in its installed capacity in Spain, Italy, and Portugal. This expansion is expected to drive the company’s solar production volume from 1,434 gigawatt hours (GWh) in 2022 to 2,729 GWh in 2023, and then grow at a projected CAGR of 30% to 16,944 GWh by 2030. With rising capacity and volume, Solaria’s total solar revenue is forecasted to increase to €211 million in 2023, and then grow at a CAGR of 20% to €772 million by 2030.

Sector: Utilities
Industry: Renewable Electricity
VA Ticker(s): SLR_ES