Saeta Yield : “In one year, 40% of Saeta Yield’s income will be obtained from overseas assets”

The CEO of Saeta Yield, José Luis Martínez Dalmau, yesterday stated during the company's General Shareholder's Meeting held in Madrid that 'in one year, 40% of Saeta Yield's income will be obtained from overseas assets', compared with 10% currently, in order to diversify its activities internationally. Saeta Yield launched its international expansion in May with the acquisition of the wind farms Carapé I and II in Uruguay for some $65 million, which was also its first purchase of third party assets. It now intends to continue to buy assets in countries like Portugal, Mexico and Uruguay, where it has access to various options through a right of first offer (RoFO) with its sponsors, ACS and Bow Power. It is also not ruling out new third party purchases.

'Saeta Yield is currently a distinctive investment proposal in the Spanish and European market, which is based on its ability to generate sustainable returns', stated José Luis Martínez Dalmau during the Shareholders' Meeting.

In this regard, he underlined that 'Saeta Yield is developing a strong and healthy corporate plan. Since the start of our journey, we have proposed maximising the total return for our shareholders based on two very clear strategic pillars'.

On the one hand 'excellent management of our asset portfolio, able to generate stable and predictable cash flows, providing a significant dividend yield', he stated.

'In this regard, we are a benchmark on the Spanish stock market, with an average dividend yield of 8.6% last year. In addition, if we add the stock market revaluation to the dividends, our total return for the shareholder over the past 12 months has been around 27%', he added.

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