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ABO Wind: Slight Improvement in Earnings

ABO Wind, the German wind power group, reported a net profit of €6.5 million for the first half of 2021.|ABO Wind, the German wind power group, reported a net profit of €6.5 million for the first half of 2021.

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ABO Wind, the Germanwind power group, reported a net profit of €6.5 million for the first half of 2021.
The result is slightly higher than for the same period last year (€6.3 million).
For the full year 2021, ABO also expects to exceed the good 2020 result of €13.1 million.

ABO Wind grows in its home market

The Group has made particular progress in its home market, which is experiencing strong growth.
South of Berlin, ABO Wind is currently building the Dreieck Spreeau wind farm with eight Vestas V150 turbines.
This is ABO Wind’s largest domestic project to date, close to the site of the Tesla factory in Grünheide.
In 2021, ABO Wind has also won tenders organized by the Federal Grid Agency for the construction of three photovoltaic power plants supplemented by storage units.
Construction of the first ABO Wind hybrid project will start this autumn in Wahlheim, Rhineland-Palatinate.

Solar projects in Greece

ABO Wind expands rapidly internationally, building wind farms in Finland, Spain and Poland.
For the first time, the company is designing projects with a rated output of over 100 MW.
Solar farms are also under construction in Greece.
In addition, the Group is currently concluding new international agreements.
In Colombia, a power purchase agreement (PPA) for a 20 MW solar project has been signed.
From now on, ABO Wind intends to commission very large energy parks on a regular basis.
The company is currently working on wind and solar farms as well as battery storage facilities worldwide.
The total capacity is almost 16.8 gigawatts.

A market set to grow exponentially

“An even greater expansion of wind and solar power is an indispensable part of any climate protection strategy,” says Schlageter.

The CEO therefore expects ABO Wind’s prospects to continue to improve.
In Germany, the expansion of wind power is currently nowhere near what is needed for effective climate protection, in his view.
Site designations should therefore increase, and procedures accelerate.
In addition, Karsten Schlageter does not rule out a diversification of ABO’s activities towards hydrogen, in order to open up the company to new markets.

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