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

Glencore books huge profit from gas crisis

The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.

Pelosi's Taiwan visit could impact Tesla's battery supplies

According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.

Further reading

Related articles

Latest News

See all jobs