Newly acquired wind company increases deficit tenfold

Revenue has declined significantly while profit has increased tenfold at a Danish wind company.

Photo: Connected Wind Services Presse

Last year, Connected Wind Services was acquired by Energie Baden-Württemberg (EnBW) from capital fund Polaris. Now the new owners will have to dig into their pockets after the Danish wind company emerged from 2016 with a large deficit.

The deficit has grown from DKK 5.6 million to DKK 56.2 million.

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

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Further reading

Related articles

Latest News

See all jobs