Acciona Closes €1.8 Billion in Deals Across Spain
In a significant move demonstrating a strategic pivot towards financial discipline, Spanish infrastructure and renewable energy giant Acciona has successfully closed €1.8 billion in asset rotation deals throughout 2025. These transactions, concentrated primarily in Spain, Peru, and Costa Rica, mark a major milestone in the company’s broader divestment program.
This activity is a core component of Acciona’s successful €3.2 billion divestment plan slated for the 2024-2025 period. The strategy is clearly paying off, enabling the company to not only meet but exceed its financial targets while significantly strengthening its balance sheet.
The Financial Impact of Acciona 2025 Deals
The asset sales have had a direct and substantial impact on Acciona’s financial health. The transactions generated a remarkable €614 million in EBITDA specifically from the asset rotation. This contributed to a stellar performance for its energy division, with Acciona Energía reporting an EBITDA of €1.55 billion, a 37.7% increase. Overall, Acciona’s consolidated net profit surged to €803 million, marking an impressive 90.4% rise.
These deals are also central to the company’s deleveraging efforts. Looking ahead, Acciona has already secured agreements for two additional transactions in late 2025, valued at €1.1 billion and involving assets in South Africa, the U.S., and Mexico. These are expected to close in 2026 and will contribute a further €900 million in debt reduction.
A Shift Towards Financial Prudence and Future Strategy with Acciona 2025 Deals
Acciona’s recent moves signal a clear shift from a period of heavy investment—which saw €2.25 billion in ordinary gross investment in 2025—to one of rigorous financial discipline. This strategic adjustment is a response to a challenging macroeconomic environment characterized by high interest rates and volatile energy prices.
To protect its coveted investment-grade credit rating, the company is implementing several key measures:
- Reduced 2026 Guidance: For its energy arm, Acciona Energía is targeting a 2026 EBITDA of €1.2 billion and aims to bring its net financial debt below €3 billion, down from €4.16 billion.
- Lowered Investment: Capital expenditure is being trimmed significantly, with planned investments dropping to approximately €900 million from the €1.4 billion annual average seen recently.
- Dividend Adjustment: In a decisive move to preserve capital, Acciona has proposed a 93% cut to its 2025 dividend, reducing it to €0.03 per share.
- Strategic Review of Energy Business: Perhaps most notably, Acciona has hired a bank to conduct a thorough analysis of strategic alternatives for Acciona Energía. CEO Jose Manuel Entrecanales confirmed that all options are on the table, including a potential delisting, a merger, or maintaining the current status quo.
This comprehensive asset rotation and financial recalibration underscore Acciona’s proactive approach to navigating market uncertainty. By monetizing mature assets and reinforcing its balance sheet, the company is positioning itself for sustained stability and future growth. The market has responded favorably to this clarity and discipline, with the company’s stock showing a strong positive reaction following the results announcement.
