The consolidated EBITDA posted by Global Power Generation in the first quarter of 2018 stood at 69 million euros, practically 3% more than in the same period of the previous year, while net income rose by 31% to 41 million euros.
As part of its corporate responsibility policy, Bií Hioxo has made a commitment to help its owners and employees following the earthquake on the Isthmus of Tehuantepec in September. This support will be used to facilitate the reconstruction of homes following the earthquake that has been since followed by several aftershocks.
Global Power Generation will invest approximately 95 million euros in developing what will be its second electricity generation project in the country, having successfully implemented the Sobral and Sertao projects, brought into operation in 2017. It is estimated that the project will produce 165 GWh annually.
The first photovoltaic generation project developed by Global Power Generation (GPG) was brought into commercial operation in September in Brazil. It consists of two solar energy plants of 34.74 MWp each, located in the northern state of Piauí in Brazil. Approximately 85 million euros was invested into Sobral I and Sertao I, which were built in a record time of 8 months.
Global Power Generation Australia (GPG) has chosen GE to supply and install wind turbines in one of the largest renewable energy regions in Australia. Once it is finished in 2018, the Crookwell 2 Wind Farm will produce an energy supply equivalent to the electricity consumption of 41,600 homes in Canberra.
Construction of the Crookwell 2 Wind Farm will be undertaken thanks to a 20-year “Feed-in Tariff Entitlement”, which was awarded by the Government of the Australian Capital Territory (ACT) in August 2016 to the company Crookwell Development Pty Ltd (CDPL) when it won the latest renewables auction promoted by this government body.
The Combined-Cycle Power Plants of Global Power Generation in Mexico continuously operate with very high capacity factors due to a certain level of surplus capacity; i.e. the difference between the maximum output that can be produced and the long-term contracted power contract with the Comisión Federal de Electricidad (CFE).