Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Q4 2024 Earnings Call Transcript

Rupert Merer: Okay. Very good. And then secondly, wondering if you can give us an update on supply chain. It seems over the last few quarters, we’ve stopped worrying about supply chain. But just wondering if you can give us an update on where you see the supply chain heading? Where it matters for you in solar panels and batteries? What kind of trends you’re seeing on prices and availability, delivery times of equipment?

Santiago Seage: So what we see at this point in time overall is that the supply chain, at least for us, it’s not an issue. If we look at PV panels globally, there’s an oversupply, prices have been coming down during 2023 significantly. More recently, we are starting to see that in the U.S. as well in recent months, let’s say, a bit less than in other markets. But overall PV dynamics, I think, are good for somebody purchasing like us. In the case of batteries, battery prices have been coming down as well, significantly during 2023 globally, everywhere. So again, good dynamics for us. The only area where, as a developer, you need to be careful and planned properly is when you are purchasing some specific electric equipment, transformers, some breakers, some very specific products where today supply chains are longer, and you just need to plan your purchasing ahead. But overall, for us, this is not and has not been, in the last few quarters a problem.

Rupert Merer: Great. I’ll leave it there.

Santiago Seage: Thank you.

Operator: We have no further questions, so I’ll turn the call back to the management team for any closing comments.

Francisco Martinez-Davis: No, operator, we are — we will conclude the call by now. Thank you very much to everybody for attending.

Operator: Thank you, everyone, for joining us today. This concludes our call, and you may now disconnect your lines.