logo
Zelestra Plans to Invest $1 Billion in Renewable Energy in Peru

Zelestra Plans to Invest $1 Billion in Renewable Energy in Peru

Bloomberg4 days ago
Spain's Zelestra is planning to significantly increase its investment in renewable energy generation in Peru over the next five years, partly thanks to a new legal framework.
The company is planning investments of more than $1 billion, with a view of increasing its renewable output in the Andean nation to about 1 gigawatt. Spending would boost solar capacity and may include an incursion into wind.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

4-year-old's $1 million property gift revealed in growing inheritance trend
4-year-old's $1 million property gift revealed in growing inheritance trend

Yahoo

time21 minutes ago

  • Yahoo

4-year-old's $1 million property gift revealed in growing inheritance trend

A Sydney couple have revealed why they decided to buy their four-year-old daughter a $1 million property rather than wait decades to give her an inheritance down the track. While it's a unique example, property experts say more parents are helping their kids get onto the property ladder as prices continue to skyrocket. Northern Beaches couple Mark and Alana recently bought a one-bedroom apartment for their young daughter, Willoughby. The couple, who both work in sales for cybersecurity firms, said they wanted to create a sort of 'insurance' policy for their daughter and try to set her up for the future now. 'I wanted to try and do something now so that no matter what happens to me, there will be something for my daughter one day,' Mark told Yahoo warning ahead of $5.4 trillion transfer as 'avoidable' money 'traps' exposed Major warning after Aussie receives random $350 payment in her bank account Terrifying superannuation reality facing 4.3 million Australians hoping for comfortable retirement 'Think of it like buying insurance. You buy life insurance and all these other kinds of insurance. This is like buying insurance for my daughter's future. 'I know that this thing's going to be rented and paid for one day and so that security is what we needed for our daughter.' The home is in the new Willoughby Grounds development, which is set to be completed in August. The couple previously lived in Willoughby, with their daughter named after the lower North Shore suburb, so they took the apartment as a said he didn't grow up with a lot of money himself, and his parents did not help him buy his first property and would not give him an inheritance when they passed. The 45-year-old said this will be the main inheritance they pass down to their daughter. He said he would prefer to give her a financial leg when she needs it rather than waiting. 'I hate the word inheritance. Waiting for someone to die is the old way of thinking,' he said. 'Let's say I live until 80. What will my daughter want to do with money when she's already made her own life and everything? 'A lot of people might disagree, but I think [you should be] giving people the help when they need it, versus one rainy day when you pass away.' Parents helping kids onto property market The couple is an example of a growing trend of parents who are stepping in to help their kids enter a surging property market. Mozo research found parents were gifting $74,040 on average to their kids to help with home loan deposits. Three in four parents who help their kids don't expect to be repaid. Australian Seniors research, meanwhile, found seven out of 10 parents over 50 intended to leave their children an early inheritance to help them get ahead. Ray White Lower North Shore director Tim Abbott told Yahoo Finance while it wasn't the norm for parents to fully buy their young kids a property, many parents were helping their kids get a head start by contributing to their deposits. 'If people are lucky enough that their families can assist them in getting into the property ladder, it's certainly a benefit,' he said. 'The cost of construction and the cost of property just keeps going up, so if they can secure something and they've got the ability to secure something and get into the market, then it's going to pay off for them financially over the long term.' Abbott said some parents were keen to help their kids get into the market now, before things get more expensive. '[They want to] overcome a bit of that escalation in price, or just lock something in today's market with further growth getting more unaffordable as time goes on for the younger ones,' he said. Couple keen to create security for daughter now Mark said the couple planned to rent out the property until Willoughby is older, with the apartment estimated to bring in $850 a week in rent. She can then use the apartment as she sees fit, whether she wants to live in it, or sell it and use it to pay for university, a car or her first home deposit. While the couple realised they are lucky to be in a position where they can buy a property for their daughter, the 45-year-old said it wasn't easy. 'My wife and I have to find an extra $2,500 a month between us to cover the difference of the mortgage and rent. That's not easy for any family,' Mark said. 'But it's easier to us to make that sacrifice now, than it is in 16 years from now. Now's the time we can actually do things in our life to make more money versus then.' While their daughter will no doubt be extremely thankful for her parents' decision in the future, for now, Mark said she has a typical four-year-old reaction to the news. 'We talked to her about these things, but does she remember it? Sometimes she just gets confused about what happened at daycare the day before," he said. "But her reaction is good, and then it fades very quickly."Sign in to access your portfolio

Alicorp SA (LIM:ALICORC1) Q2 2025 Earnings Call Highlights: Strong EBITDA Growth Amid Market ...
Alicorp SA (LIM:ALICORC1) Q2 2025 Earnings Call Highlights: Strong EBITDA Growth Amid Market ...

Yahoo

time21 minutes ago

  • Yahoo

Alicorp SA (LIM:ALICORC1) Q2 2025 Earnings Call Highlights: Strong EBITDA Growth Amid Market ...

Adjusted Gross Profit: PEN782 million, a 13% increase year-over-year. Adjusted EBITDA: PEN450 million, a 22% increase year-over-year. Adjusted EBITDA Margin: Improved by 0.4 percentage points to 15.1%. Consumer Goods Peru Sales Volume: 13% year-over-year increase. Consumer Goods Peru Adjusted EBITDA: Declined 18% to PEN170 million. International Business Adjusted EBITDA: PEN41 million, a 13% increase year-over-year. B2B Business Volume Growth: 27% year-over-year increase. B2B Business Adjusted EBITDA: PEN105 million, a 22% increase year-over-year. Aquafeed Adjusted EBITDA: $40 million, a threefold increase year-over-year. Leverage Ratio: Improved from 2.8x in June 2024 to 1.9x in June 2025. Available Cash Position: PEN1,521 million, an increase of PEN494 million year-over-year. Revenue Growth Guidance for 2025: Between 10% and 12%. Adjusted EBITDA Growth Guidance for 2025: Mid- to high single-digit growth. CapEx Projection for 2025: $70 million. Warning! GuruFocus has detected 8 Warning Signs with LIM:ALICORC1. Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Alicorp SA (LIM:ALICORC1) successfully issued a PEN1,530 million international bond with a 7.40% coupon, reflecting strong market confidence. The Aquafeed business showed significant growth, contributing PEN88 million to the year-over-year improvement in gross profit. Adjusted EBITDA increased by 22% year-over-year, driven by growth in adjusted gross profit. The company repurchased 44.6 million shares, representing 7.23% of total issued common shares, demonstrating a commitment to shareholder value. Alicorp SA (LIM:ALICORC1) maintained a strong cash position, with available cash covering 1.2x debt maturities over the next 12 months. Negative Points The Consumer Goods Peru unit faced challenges, particularly in the detergents and edible oils categories, leading to a PEN38 million decline in adjusted EBITDA. Bolivia's challenging economic environment and social tensions impacted Alicorp's operations, with currency volatility affecting financial costs. The edible oils category experienced pressure due to rising raw material costs and increased competition from new entrants. The company anticipates challenges in EBITDA growth expectations in the second half of the year due to Bolivia's foreign exchange environment. Intense competition in the detergents market, particularly from Chinese imports, required strategic repricing and adjustments. Q & A Highlights Q: We've noticed that the only business unit showing a slight lag compared to the others is Consumer Goods Peru. What is the current outlook, and how do you expect both markets to evolve? A: The lag is due to increased competition from imported detergents, particularly from China. We have repriced and improved our value brands and core brands to address this. The outlook is positive, with volumes and market share starting to increase. We expect better dynamics for core brands in the coming quarters. - Alvaro Correa, CEO Q: Considering the company's strong cash flow generation, should we expect an increase in the dividend payout for next year? A: Our priority is to maintain financial strength and leverage within a range. While paying more dividends is an option, we are also considering growth opportunities, including the acquisition of Jaboneria Wilson in Ecuador. We aim to maintain our current dividend policy but remain open to discussions about additional dividends. - Alvaro Correa, CEO Q: Can you provide your views about consumer health in Peru and the macro situation in Bolivia? A: In Peru, consumption remains strong, supported by stable employment and economic growth of around 3-3.5%. In Bolivia, the situation is challenging due to upcoming elections, foreign exchange issues, and liquidity constraints. We are managing these challenges with stringent liquidity and foreign exchange management. - Luis Banchero Picasso, VP of Finance and Transformation Q: Could you elaborate on what has triggered the high-end competition in the oils segment in Consumer Goods Peru? A: The competition is due to increased imports of crude oil by smaller local refineries and discounters. Additionally, oil from Bolivia is entering the market. We are managing these challenges by leveraging our production capabilities in Bolivia and adjusting our strategies accordingly. - Alvaro Correa, CEO Q: What is your current strategy for hedging raw materials, and have you taken advantage of current low prices and volatility? A: We maintain a hedging strategy of three to nine months, depending on the commodity. Our approach is to mitigate volatility rather than speculate on commodity prices. We believe this provides a competitive advantage and stability in our cost structure. - Luis Banchero Picasso, VP of Finance and Transformation Q: Are the margins in the Aquafeed business sustainable, and do you plan to invest in increasing production? A: The Aquafeed business is volatile, influenced by shrimp demand and weather conditions. While margins were favorable due to good weather and controlled costs, we expect some pressure in the third quarter. We have spare capacity and will consider further investments based on demand growth. - Alvaro Correa, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio

'Going the wrong way': Colorado Gov. Polis on Trump's E.U. tariff negotiations
'Going the wrong way': Colorado Gov. Polis on Trump's E.U. tariff negotiations

Yahoo

time40 minutes ago

  • Yahoo

'Going the wrong way': Colorado Gov. Polis on Trump's E.U. tariff negotiations

Colorado Gov. Jared Polis joins "PoliticsNation" to discuss Trump's tariff deal with the E.U., which includes hundreds of billions of European investment in American energy, investments and military equipment and no tariffs on American goods in exchange for 15% blanket tariffs on European goods. The governor also talked about ICE arrests and the 2028 state primary sequence for the Democratic Party. Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store