Applus+ sees a 26 percent increase in revenue in renewable energy sector in 2018

18/03/2019

    The Group achieved a rising turnover last year in the renewable energy field, with wind and solar technologies playing a significant part in this. More than 80% of global growth in renewable energy technologies over the coming years is likely to be related to wind and solar power.

    Applus+, through its Energy & Industry Division, boosted its revenue by 26% in the field of renewable energy in 2018, as compared with the previous year. This demonstrates the company’s commitment to this sector as a strategic cornerstone of its inspection activities going forward.
     
    Thus, the Group increased its renewable energy revenue in 2018, with wind and solar technologies seeing a particular surge. More than 80% of global growth in renewable energy technologies over the coming years will be in the areas of wind and solar power, according to the International Energy Agency.
     
    As such, the renewable sector, headed by wind and solar technologies, represents one of the Group’s key drivers of growth. This is especially the case since 2017, when a new business development area was created for renewable energies. Applus+ subsequently launched, in September 2018, a global renewable energy business development plan for the whole Energy & Industry Division.
     
    Particular highlights are our achievements in solar photovoltaics, a field in which we won contracts totalling more than 700 MW during 2018. These projects include the provision of owner engineering, construction supervision and technical assistance (QAQC) and  commissioning support, in countries as wide-ranging as Spain, Egypt, Mexico and Malawi.
     
    The company also took on other new renewable energy projects last year in countries including Russia and Australia. This is in addition to its ongoing projects in geographies such as Mongolia, Brazil and Panama.
     
    For Applus+, these projects represent the fusion of renewable energies with technological innovation. They also contribute to internationalisation, as well as  environmental and economic development in a high-potential industry that will, according to the International Energy Agency, experience the fastest growth in the energy sector to fulfil 30% of energy demands by 2023, as opposed to 24% today.