Opdenergy enters the MSCI World Small Cap Index
The company has been included as a value in this global benchmark index, which covers information on more than 4,500 listed companies in 23 different countries
The company adds this new milestone to its new phase as a listed company, after announcing financial results with a 73% increase in revenues to 52.3 million euros and a 173% increase in adjusted EBITDA to 35.8 million euros
Madrid, 28th November 2022. Opdenergy, an independent renewable energy producer (IPP), has announced its entry as a new value in one of the benchmark indices for listed companies, the MSCI World Small Cap Index. This index is one of the best-known global benchmarks and represents the economy and financial markets of the developed world, reflecting the representation of small and mid-caps in 23 countries around the world. With 4,514 companies listed, the index covers approximately 14% of the free float-adjusted market capitalization of each country.
Specifically, this ranking includes companies from Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. It should also be noted that multiple ETFs and other investment funds replicate this index, providing high visibility to the securities included in it and guaranteeing investment in a representative portfolio of securities worldwide. This new corporate milestone for Opdenergy comes shortly after the announcement of the company's strong financial results for the first nine months of 2022, with revenues increasing by 73% to €52.3 million and its adjusted EBITDA growing by 173% compared to the third quarter of 2021, corresponding to a total of €35.8 million.
This year has been of great importance for the company, as in addition to starting its journey on the Spanish Stock Exchange from July 2022. Opdenergy has also continued with the transfer of various solar photovoltaic projects to Bruc Energy and has obtained the permits for 100% of its projects in the construction and pre-construction phase located in Spain. All these projects total 1,146MW, of which 902MW correspond to projects in the construction phase and 244MW to projects in the pre-construction phase. The company has also completed the construction of two new projects in Spain: the Los Arcos and Manzanares solar photovoltaic plants, 96MW in total.
Luis Cid, CEO at Opdenergy, said: "We continue to consolidate our growth as a listed company, and having entered an index of this magnitude is proof of this. In this line, we continue to work to offer our shareholders and investors a solid and stable business plan and a value option in the stock market."
About Opdenergy
Opdenergy is an independent renewable energy producer, or IPP, in Europe, the United States and Latin America with more than 15 years of experience. The company develops, builds, finances, manages and operates high quality renewable energy projects in several countries. Opdenergy has a portfolio of 1.8GW of assets in operation and under construction. In addition, Opdenergy has an additional portfolio of projects in different stages of development of more than 12GW that support its growth strategy.
Opdenergy plays an important role in the decarbonisation of energy in the different countries in which it operates. It is present and has projects in the pipeline in five European markets (Spain, Italy, United Kingdom, France and Poland), in the United States and in three Latin American markets (Chile, Mexico and Colombia).
Opdenergy has been listed on the Spanish continuous market since July 2022 (BME:OPDE) and is one of the stocks in the international stock market index MSCI World Small Cap.
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