S'abonner

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.

Share:

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.

  • Popular on energynews.pro
Chestnut Carbon secures pioneering non-recourse financing of $210mn for afforestation in the U.S.
Turkey proposes new expanded energy deal to Iraq with oil, gas and electricity
NANO Nuclear reaches key milestone with prototype induction pump for reactors
Iberdrola raises $5.9 billion to strengthen its grids in the UK and the US
Kazakhstan launches oil refining strategy to 2040 with $5bn in investments
European Commission investigates Adnoc’s acquisition of Covestro for EUR12bn
The European Commission opens an in-depth investigation into Adnoc’s purchase of German chemical group Covestro, questioning the potential impact of foreign subsidies and competition within the European internal market.
Stonepeak launches JouleTerra to develop strategic energy sites across Europe
Stonepeak announces the creation of JouleTerra, a platform dedicated to the aggregation and management of grid-connected land, aimed at supporting the deployment of renewable energy infrastructure throughout the European continent.
Baker Hughes finalises $13.6bn deal to acquire Chart Industries ahead of Flowserve
Baker Hughes is set to acquire Chart Industries for $13.6bn, surpassing Flowserve’s offer and ending the previously announced merger between Chart and Flowserve, according to sources close to the matter.
Endesa posts 30% profit increase and warns over CNMC framework
Spanish energy group Endesa reports strong first-half profit growth but warns of insufficient incentives in the new grid remuneration framework proposed by the CNMC.
Air Liquide accelerates growth in the first half of 2025 with a record investment backlog
The French group posted higher sales and profitability while setting a new record for its investment backlog, driven by the electronics and energy transition sectors.
Bureau Veritas accelerates diversification with three targeted acquisitions in Europe and Asia
Bureau Veritas completes acquisitions in cybersecurity in Denmark, nuclear in Germany, and transition services in South Korea, further strengthening its coverage of strategic high-growth markets.
Macquarie acquires Erova Energy and accelerates its expansion in renewable asset management in Europe
Macquarie finalises the acquisition of Erova Energy, further strengthening its capabilities in the management and optimisation of renewable assets in the United Kingdom and Ireland amid rapid sector growth.
Iberdrola and Echelon announce a joint venture for data centres in Spain
An agreement between Iberdrola and Echelon provides for the creation of a joint venture dedicated to the development of data centres in Spain, including an initial 144 MW site in Madrid, strengthening integration between energy and digital infrastructure.
TenneT invests EUR 5.5 bn in Dutch and German grids in the first half of 2025
TenneT strengthened its investments in electricity infrastructure in the Netherlands and Germany, reaching EUR 5.5 bn over six months, while a decision on the financing structure of its German subsidiary is expected in September 2025.
Eni considers strengthening its share buyback after a strong second quarter
Eni is considering increasing its share buyback programme after financial results exceeded expectations, with reduced debt and revised annual targets in the gas segment.
Vallourec sees 64% drop in profit but strengthens operating margin
Despite a sharp decline in sales and prices, Vallourec improved its profitability and issued an upward forecast for its gross operating income in the second half of 2025.
ENI cuts net profit by 18% in the second quarter and bets on dividend strategy
Eni announces a sharp decline in quarterly net profit, the result of lower oil prices and a weaker dollar, while maintaining a strengthened dividend policy and a development trajectory in renewables.
EDF cuts debt and refocuses investments amid declining electricity prices
EDF is reassessing its industrial priorities and streamlining investments, as net profit falls to €5.47bn ($5.94bn) in the first half of 2025 due to a weakening electricity market.
Edison reports solid growth in the first half with €9.4bn in revenue
Energy group Edison posts increased sales and investments despite a less favourable market environment, advancing its renewables development and strengthening its positions in Italy.
SEGULA Technologies accelerates its growth in Africa with a new office in South Africa
SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.
GE Vernova raises its forecasts for 2025 after a strong second quarter
GE Vernova's revenue rose by 11% in the second quarter, driven by momentum in its Power activities, as the US group raised its financial targets for 2025.
Allrig strengthens its presence in Saudi Arabia with strategic expansion in Al Khobar
The Allrig group is expanding its operations in Saudi Arabia, supported by AstroLabs, to boost energy efficiency and address the growing needs of the local oil sector.
Saipem and Subsea7 validate their merger to create a global energy services giant
Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
TotalEnergies posts 29% drop in net profit in the second quarter of 2024
TotalEnergies reports a significant decrease in net profit and revenue for the second quarter, while relying on growth in its hydrocarbon and electricity production to sustain profitability and global ambitions.
Exus Renewables North America secures $308.2 million for solar and wind projects
Exus Renewables North America finalizes $308.2 million financing for two major solar portfolios in New Mexico and wind projects in Pennsylvania, showcasing the expansion of large-scale renewable assets across multiple U.S. markets.

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING