Letter from the President

We aim through our activities to contribute to the socio-economic development of the areas where we operate.

Dear readers,

It is my pleasure to present the Sustainability Report of Elawan Energy, S.L., for the year 2019. The Report summarizes our main initiatives in economic, social and Environmental matters, showcasing the way we integrate sustainability into our decisions in order to continue growing as a profitable and sustainable company.

In recent years, the notable increase in natural disasters and social demands to reduce pollution levels as well as provide a cleaner and more sustainable future for generations to come, has made the fight against climate change a very important one.

The latest report from the United Nations' Intergovernmental Panel on Climate Change shows that if global warming is to be kept well below 2°C, or even 1.5°C, then reducing greenhouse gas emissions in all sectors, efficiency and promoting renewable energies are essential.

In addition, several external factors are currently shaping the agendas of major companies, with climate change appearing for the first time in the Top 10 of the most relevant risks, according to the Risk in Focus: Hot topics for internal auditors report. ECIIA.

In this context, Elawan Energy, as a global operator in the renewable energy sector with a total of 712 MW installed and a portfolio of 10 GW distributed among Spain, Belgium, France, Poland, Brazil, USA, Mexico, South Africa, Turkey, Romania and Russia, plays a very important role in helping to mitigate these effects.

2019 concluded in a satisfactory manner for Elawan, with a turnover of around 87 million euros, an EBIDTA of 60 million euros and a profit before tax of 14 million euros. In addition, we started up a new wind farm in Hannut, in the Liege area (Belgium) with a capacity of 21.6MW and two new solar plants; one in Torrijos (Toledo, Spain) with 35 MW and another one in Rzepin (Poland) with 0.5 MW. In addition, the construction of the new wind farm in Copperton (South Africa) with 102MW is well in progress.

Renewing Elawan's commitment to the Global Compact and supporting the 10 Universal Principles, as well as the United Nations' Sustainable Development Goals, is already an inescapable commitment. That is the reason why we promote initiatives that contribute to fulfilling these goals, and mainly the ones directly related to our activity, the generation of renewable energy.

Ensuring access to affordable, reliable, sustainable and modern energy for all (SDG7) and taking urgent action to combat climate change and its impacts (SDG13) represent a significant development opportunity for Elawan. In 2019, We generated 5,692,992 Gj of renewable energy, which helped to prevent 487,692 tons of CO2.

In the development of the renewable energy projects, biodiversity and respect for the environment is key. All projects are carried out in compliance with environmental impact statements and environmental restoration initiatives are undertaken to integrate them into the landscape. A clear example of this commitment is the revegetation plan developed at the Torrijos photovoltaic plant, which includes, among other measures, bush islands and perimeter plantations, as well as the setting up of nests to encourage kestrel rearing.

We have an Integrated Management System, duly implemented in accordance with international standards ISO 14001, ISO 9001 and ISO 45001 for the promotion, development, operation and sales of renewable energy production facilities at international level, which helps us to measure, control and improve the management of the company.

Health & Safety is a core aspect of the company, being part of its mission and strategic objectives. We are very proud of the results in this area with "zero" accidents within our own staff. These figures place the company in a position to achieve occupational safety values that are well above the average for the sector.

In order to improve both the safety conditions of the professionals and the environment in which they work, the new "SAFETY ALERTS Protocol" for the company's operations and work systems stands out. This protocol contributes to the effective communication of health and safety and environmental alerts that may occur in any of the facilities where we operate. It is a way of improving the participation and communication of the management system and is a clear example of proactive incident management.

Finally, at Elawan we are aware that our development must adapt to new ways of working and the benefits of the digital transformation. This is why in 2019 we started the deployment of the "Digital WorkPlace" project. We are convinced that this project will be innovative and enhance the talent of the professionals working for the company.

All these actions and projects are possible thanks to a team of highly qualified professionals who are committed to the company. Therefore, we are promoting quality employment in line with SDG8 "Decent Work and Economic Growth", improving local employment where we develop our renewable energy projects and with our own staff, 89% of whom have permanent jobs.

Our long-term objective is to continue advancing in the development of renewable energy projects (wind, photovoltaic and hydroelectric), contributing to a cleaner and more sustainable future, in an efficient and increasingly digital environment.

I hope that you enjoy reading this Report as much as I hope that the growth prospects are met, contributing to a cleaner future.

-Jon Riberas


Letter from the CEO

Elawan wants to contribute to change the current polluting and unsustainable energy model through the development of renewable energy as inexhaustible and clean energy source.

We present once again our Sustainability Report for the year 2019. This is the seventh edition of this document in which we want to reflect the company's results in the economic, social and environmental spheres, as well as showcase the advances and developments in the strategy for 2020 and subsequent years. The report has been verified by an independent body.

We cannot fail to mention in this document the difficult situation our planet is going through with the terrible and dramatic Covid-19 pandemic. There is no doubt that the social and economic effects are or will be devastating, but it is also true that a situation such as this has allowed us to perceive that a more sustainable world is absolutely necessary and, as a matter of fact, achievable.

In previous issues of this Report we discussed the progress of decarbonisation, the pressure exerted by public opinion and the low costs of generating wind and photovoltaic energy. Well, this year we can emphasize that the population has demanded faster changes for the energy sector and in almost all countries in the world, especially in Europe, these have been materialized in energy and climate plans that consider specific dates for the closure of highly polluting facilities, whether coal or nuclear generation. Some of these closures, by the time this report is published, will have already taken place and the rest will come, at least in Europe, in less than five years. Moreover, this energy must be replaced by renewables, which undoubtedly represents a great opportunity for a company like Elawan.

Additionally, there are significant business opportunities in energy management and storage systems where Elawan will be present in different markets.

Within this framework and given these prospects, renewable energies represent the majority of new electricity generation installed worldwide and will be the only ones to grow in the very near future.

It is worth pointing out that there are still rapid technological developments in the field of energy storage. The remarkable evolution in batteries and storage systems, along with a very relevant reduction in their costs, will represent a revolution not only for renewable energies, but for the whole energy sector. Through these systems, renewable energies will no longer need the support of conventional energy generation to cover production gaps, distributed energy will be massified, much more efficiently and at lower cost, and we will witness a change in traditional systems in the electricity sector.

All of the above provides Elawan Energy with the right environment to continue developing the projects that will deliver energy to us over the coming years.

In 2019 we started up our first two photovoltaic installations (in Spain and Poland), and in 2020 we are undertaking the construction of a macro-project in Albacete (Spain), which includes five photovoltaic plants totalling 250 MW and three wind farms with 150 MW. This project will be operational in the photovoltaic sector in the first quarter of 2021 and in the wind power sector at the end of the same year, representing a significant step forward in the size of the company's generation renewable energy projects, which will have more than 1,300 MW of fully operational renewable energy in 2021.

And this is only the first stage of what will come later, with a portfolio of projects under development of more than 9 GW, with at least 4 GW to be built in the next five years.

In order to meet all these challenges, we will continue to be a highly efficient company with comprehensive cost control and an exceptional professional team with broad experience and excellent capabilities. In addition, our management model is solid and sustainable, which will allow us to face the future successfully.

I cannot miss this opportunity to thank all our team for their effort and dedication, and to express my gratitude to all our customers, suppliers and funders for their trust in Elawan.

-Dionisio Fernández Auray


Our company & sustainability

  • Our company
  • Our vision on sustainability
  • Governance and compliance model

The first part of the Report gathers information about Elawan Energy, its vision of sustainability and the Sustainable Development Goals, as well as information with regard to governance and compliance.

Its activity, the most relevant dimensions and its global presence are described briefly, as well as its commitment and positioning in the field of Sustainability, the results of the materiality study and the relations with stakeholders.

Likewise, Elawan governing bodies’ functions and responsibilities and the compliance mechanisms are summarized.

Economic, social & environmental dimensions

  • Economic Dimension
  • Social Dimension
  • Environmental Dimension

The second part of the Report includes more specific information in the three dimensions: economic, social and environmental.

The Economic Dimension summarizes the growth experimented by Elawan in 2019, the most relevant risks and its main economic dimensions. Likewise, it gathers general information about aspects such as information security, supplier management and energy management, highlighting the Digital WorkPlace project.

The Social Dimension offers main data and magnitudes overview with regard to Elawan professionals, issues related to occupational health & safety and the most relevant guidelines in the field of social action.

The Environmental Dimension brings up Elawan’s environmental management, the main aspects in the field of wastes, biodiversity, circular economy, energy and climate change, as well as its commitment to the Sustainable Development Goals.


  • Independent Review Report
  • Report profile
  • GRI Content Index
  • Global Compact Principles
  • Perimeter considered

The annexes gather the Independent Review Report by the independent body EY, the perimeter of the Report, as well as the content index in accordance with the Global Reporting Initiative standard and its commitment to the 10 universal principles of the Global Compact.