**Atlantica Reports Second Quarter 2024 Financial Results**

Atlantica Sustainable Infrastructure plc (NASDAQ: AY) announced its financial results for the first half of 2024, revealing a revenue increase of 3.0% year-over-year, reaching $571.2 million compared to $554.6 million in the same period of 2023. Adjusted EBITDA remained stable at $407.3 million, slightly up from $403.8 million in the previous year.

The company's net profit for the first half of 2024 was $16.0 million, a decline from $24.7 million in the first half of 2023. Operating cash flow also saw a modest increase of 2.3%, totaling $141.9 million. The Board of Directors approved a quarterly dividend of $0.445 per share.

In a significant development, Atlantica entered into a transaction agreement with California Buyer Limited, a company controlled by Energy Capital Partners, for the acquisition of 100% of Atlantica’s shares.

For the six-month period ending June 30, 2024, the company reported key financial metrics: revenue of $571.2 million, profit attributable to the company of $16.0 million, and adjusted EBITDA of $407.3 million. Cash available for distribution (CAFD) was $119.0 million, reflecting a 4.5% decrease from $124.6 million in the first half of 2023.

Operationally, Atlantica's renewable energy capacity increased slightly, with 2,203 MW in operation compared to 2,161 MW in 2023. However, the total GWh produced from renewable sources decreased to 2,674 GWh from 2,803 GWh in the previous year. The company maintained high availability rates across its assets, with renewable energy availability at 100.6% and transmission lines at 100%.

Geographically, revenue from North America rose to $223.0 million, while South America and EMEA reported revenues of $92.9 million and $255.2 million, respectively. Adjusted EBITDA also showed regional variations, with North America at $164.1 million and EMEA at $171.9 million.

In terms of business sectors, renewable energy generated $409.7 million in revenue, while efficient natural gas and heat contributed $71.6 million. Transmission lines and water assets added $61.5 million and $28.4 million, respectively.

Despite the overall revenue growth, production in the renewable sector decreased by 4.6%. Increased output from U.S. solar and wind assets was noted, attributed to better resource availability. However, production in Spain's solar assets fell due to lower solar radiation, and Kaxu experienced a decrease due to an unscheduled outage.

As of June 30, 2024, Atlantica's corporate liquidity stood at $286.3 million, down from $411.1 million at the end of 2023. The company reported net project debt of $3.83 billion, stable compared to $3.90 billion at the end of the previous year, while net corporate debt rose to $1.17 billion from $1.05 billion.

Overall, Atlantica's financial results reflect a stable performance amid challenges in production and profitability, alongside strategic moves towards acquisition and maintaining liquidity.