Acciona Energia cuts dividends, targets disposals to protect credit ratings

Core Viewpoint - Acciona Energia is implementing significant financial measures, including cutting dividends and reducing investments, to protect its credit ratings while aiming to generate approximately 2 billion euros from asset sales [1]. Financial Measures - The company plans to reduce its dividend by 93% for 2025 to 0.03 euros per share [1]. - It aims to generate around 2 billion euros from asset sales within the year [1]. - Investments are projected to decrease to approximately 900 million euros this year, down from 1.4 billion euros in the previous two years and 2.2 billion euros in 2023 [1]. - Net debt is expected to decline below 3 billion euros from the current 4.16 billion euros [1]. Strategic Focus - Strengthening the balance sheet and maintaining investment-grade ratings have become strategic priorities for Acciona Energia [1]. - The company has shifted its focus from significant investments to reducing capital spending and divesting renewable assets [1]. - Long-term improvements in returns from renewable energy are anticipated through the renegotiation of power purchase agreements [1].