EnergyWatch

Danish wind producer catches glimpse of 1000 MW target

An increasing demand for a green transition and stabilized electricity prices in North Europe are giving rise to optimism around project development company Eurowind, despite a setback on the bottom line.

The sales of completed wind projects were at a lower level in the fiscal year 2015/2016 at Danish developer Eurowind, than was the case in previous years. But there is still faith in the future for company CEO Jens Rasmussen.

"We're exiting with a profit after taxes of EUR 3.8 million. This is definitely less than in the previous year, but it's also what we had in our budget, and I consider it satisfactory. In recent years, we had several major divestments of projects that we developed ourselves, where profits were very good. Just as planned, it was less in 2015/2016, where we sold project rights that we had acquired entailing a lower markup," says Rasmussen.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs