A Case Study of Sunier, a Prototypical Company in the Evolving of the Green Economy

Abstract

In this work, we have carried out an economic-financial case study of Sunier, a leading company in the renewable energy sector in Spain and one of the European companies that have bet most on implementing a truly Green Economy. Specifically, throughout the period 2016–2020, the financial statements of Sunier Energy and its subsidiaries have been analyzed to determine the economic situation of the group and its position within the entire sector. Subsequently, an analysis of the company’s solvency and profitability has been implemented. This paper demonstrates how companies located in the renewable energy sector, more specifically, in the photo- voltaic subsector, are viable in the long term from two essential points of view: their ability to generate profits for the shareholders and to guarantee their long-term survival given the high solvency ratios that define "Sunier", a flagship company in the solar energy sector within the context of the Spanish financial markets.