The integrated provider of engineering, construction and renewable energy services GES – Global Energy Services achieved a turnover of more than 200 million euros in the construction business in the past year. The figure represents an increase of 52% compared to the income achieved in 2023 in this area. This growth, together with the positive performance of the rest of its business divisions, resulted in a record net profit of €19.4 million in the company’s history.
During this first quarter of the year, the company completed four construction projects with a total capacity of 236 MW: three photovoltaic projects totalling 196 MW and a 40 MW wind farm project. Three of the developments are located in Aragon, bringing a new installed capacity of 124 MW to this region, and the fourth, a solar photovoltaic plant, is located in Andalusia with 112 MWp of capacity.
Forecasts for 2025
The company has forecasted a promising business portfolio for 2025. GES is tendering for various projects in Spain , Europe and Latin America as part of its international growth strategy, both in the wind and photovoltaic BOP business and battery storage systems (BESS).
In the words of José Luis García Donoso, CEO of GES:
“after an excellent 2024, we remain confident in the growth and sustainability of the business, focused on generating value for our customers, in a context where international markets are very relevant for GES. We are already seeing the results of our diversification strategy, driven in recent months by the qualification of our teams and the signature of key collaboration agreements, which enabled us to tackle battery storage and wind repowering projects with confidence, two segments with enormous potential for development in the coming years”.
If the company’s forecasts are met, 2025 is projected to be a profitable year in both the domestic and international markets, where the construction of significant renewable energy projects is expected to increase the company’s construction business by more than 20%. All of this consolidates GES as a leading national and international supplier of engineering, construction and services for renewable energies.
