Matrix Renewables, a leading global renewable energy platform backed by TPG Rise, has officially published the results from its 2024 Sustainability Report, which sheds light upon a year of consistent growth exceeding expectations, ESG-driven success, as well as positive social and environmental impact across four continents.
Going by the available details, Matrix would go on to significantly strengthen balance sheet, over the given period, by welcoming new lending partners who share its long-term vision and values. This is expected to complement the company’s portfolio, which now boasts more than 15.5 GW of capacity, including over 1,055 MW of operational projects and 721 MW under construction, with 668 MW also ready to break ground.
More on the given report would reveal how Matrix delivered more than 1,200 GWh of clean electricity in 2024 across US, Chile, and Spain, a number enough to power nearly 30,000 households and prevent approximately 500,000 metric tons of CO₂-equivalent emissions.
Not just that, the company also invested $8.5 million in ESG initiatives, marking a 55% increase from 2023. This it did bearing a special focus on health and safety, environmental performance, and community engagement.
Talk about Matrix’s 2024, we begin from the company’s decision to launch a whole new biodiversity flagship project. Understood to be an industry-first initiative, Matrix launched a three-year project for analyzing the biodiversity impact of its plants in steppe habitats, doing it all to pursue the goal of creating indicators and procedures that enable a net gain in biodiversity.
Next up, the company would successfully expand support for technical high schools near operational sites through training, educational visits, and scholarships to prepare the next generation of renewable energy talent.
Another detail worth a mention is rooted in Matrix’s efforts to sustain high standards of safety, and therefore, ensure workforce well-being remains a top priority amidst increased construction activity and complexity.
Beyond that, the company also made a significant push to preach innovation and research at scale. Here, Matrix collaborated with several universities to support research by graduate students on biodiversity and PV system optimization, thus reinforcing its commitment to knowledge-sharing and innovation.
Hold on, we still have a couple of bits left to unpack, considering we haven’t yet touched upon the company’s work to solidify its supply chain leadership. This translates to how Matrix continued conducting on-site audits of its equipment suppliers to ensure respect for human rights, compliance with international labor organization regulations, environmental, health, as well as all safety standards are upheld at every touchpoint across the global value chain.
We also haven’t touched upon the company’s commitment to generate community engagement through comprehensive grazing programs. Basically, wherever possible, Matrix allowed local shepherds to graze livestock freely at solar sites, all for the purpose of fostering mutual benefit and community ties.
“In 2024, we reiterated that ESG is not only a moral imperative but also a source of value creation for our company, our stakeholders, and society at large,” said Luis Sabaté, CEO of Matrix Renewables. “These results reinforce our long-standing commitment to sustainability. “Our platform has never been stronger and consistently delivers on commitments. With enhanced resources and a unified ESG strategy, we are ready to scale our impact and lead the renewable energy industry into a more sustainable, inclusive, and prosperous future.”
