EnergyWatch

European Energy significantly boosts guidance

This year's second quarter was unusually strong for European Energy. Project divestments cashed in millions for the business.

Photo: PR European Energy

This Friday was a good one for the Danish wind and solar power developer European Energy. This morning, the company released its second quarter interim report which far exceeded expectations, triggering an upgrade for the full-year guidance.

European Energy booked revenue of EUR 10.1 million in the second quarter. Earnings came to EUR 1.1 million before tax, but the second quarter results themselves are not the main reason why European Energy is upgrading guidance.

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