Mytilineos’ renewables unit takes financial hit from project delays in 2020 — pv-tech.org

Mytilineos was the engineering, procurement and construction contractor for the 170MW Atacama Solar project (pictured) in Chile. Image: Mytilineos. Greek industrial group Mytilineos said 2020 turnover from its renewables and storage development unit was around 40% lower than forecasted due to contracting and construction delays as a result of the coronavirus pandemic. The unit’s turnover was down 32% year-on-year to €264 million (US$316 million), while earnings before interest, taxes, depreciation and amortisation (EBITDA) almost halved (down 48%) to €15 million.

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