Eurowind Energy imagines itself as a Power Major

Eurowind Energy announces an impressive result for 2021-2022, with a gross margin of €127.4 million.

Share:

Eurowind Energy announces an impressive result for 2021-2022, with a gross margin of €127.4 million.

Sustained growth

Eurowind Energy reports a pre-tax profit for 2021-2022 of €115.5 million compared to €21 million for the previous year. Return on equity for the year was 26.8%. Activity appears to be very high in all markets.

This is the first full year with the Norlys Energy Trading subsidiary in operation. Net operating assets increased by 24%. Thus, they increase from 696MW in 2020-2021 to 852MW in 2021-2022.

An ambitious strategy

Jens Rasmussen, CEO of Eurowind Energy Group, says:

“The result of the year allows us to further accelerate our strategy. We will invest every euro we earn in more capacity, generating more affordable green energy for consumers. Our long-term strategy is to retain our generation assets to generate recurring revenues, significantly accelerate development and construction activities and benefit from an energy trading subsidiary. This gives us the best start to continuously increase the level of activity in all markets and technologies. While the demand for electricity is expected to continue to grow, the demand for fossil fuels will decline over the next few generations. As a result, the energy industry will see the emergence of new “Power Majors” and eventually replace the “Oil Majors” as the dominant force. The “Power Majors” business will be based on renewable energies and will cover a complete value chain from green field project development to energy trading in several markets. Eurowind Energy is well positioned to become a Power Major.”

The company defines a “Power Major” as a company with a minimum of 20GW of generating capacity. But also a development portfolio of at least 100GW and an annual construction activity of 4GW.

In the coming year, Eurowind Energy expects to continue the strong growth of the activity level. The company hopes to enter one to two new markets each year and to see significant growth in the operating portfolio. Pre-tax profit in 2022-2022 is expected to reach €400-500 million, compared to €115 million in the last fiscal year.

Iberdrola strengthens its financial position with a new five-year credit facility, signed with 32 banks, to support investments in power grids and renewable energy, particularly in the United States.
Kinder Morgan, Inc. reports strong financial results for the second quarter of 2025, with net profit up 24% and a project backlog boosted by major new investments in natural gas transportation.
CenterPoint Energy remains vigilant as Invest 93L approaches, deploying emergency plans and pursuing upgrades to its electrical infrastructure across the Greater Houston area.
The Georgia Public Service Commission approves the 2025 Integrated Resource Plan, which includes major investments in generation, storage and the grid to address the strong rise in electricity demand.
Norwegian industrial group Aker ASA achieved a strong surge in its share price in the first half, expanded its diversification into real estate, and executed major transactions despite global energy market volatility.
ADNOC announces the transfer of 24.9% of its shares in OMV to its subsidiary XRG, continuing the streamlining of its international assets and preparing the creation of Borouge Group International.
The SMI China Forum brings together international and Chinese leaders for dialogue on supply chains, investment and energy innovation, marking a major step in public-private sector cooperation.
Mining group BHP sees low-emission iron production in Australia as unprofitable, just as Canberra and Beijing announce closer cooperation to decarbonise the global steel industry.
Aker Carbon Capture distributed $162mn in dividends to its shareholders, a direct consequence of significant asset disposals and a substantial restructuring of its balance sheet in the second quarter of 2025.
Equinor ASA acquired 2.1 mn of its own shares on the Oslo Stock Exchange for a total of $201 mn between July 7 and 11, continuing the second phase of its 2025 buyback programme.
Norwegian group Aker Horizons transfers all its activities to a subsidiary of Aker ASA, sells major assets and prepares its new strategy after a half-year net loss of $220mn.
South Texas Electric Cooperative is seeking proposals for the acquisition or purchase of energy for 500 MW of dispatchable capacity, aiming to strengthen long-term supply security in the ERCOT region.
A federal funding package of $16mn aims to accelerate grid modernisation, renewable energy development and carbon capture in Canada’s Maritime provinces.
RTE and Nexans announce the creation of a recycling chain dedicated to aluminium from electrical cables, targeting 600 tonnes annually and covering the entire industrial cycle from collection to production.
Three scientists from China, the United States and Russia are laureates of the 2025 Global Energy Prize, honoured for their work on high-voltage power lines, fuel-cell catalysts and pulsed energy technologies.
Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.
Westbridge Renewable Energy enters digital infrastructure market with Fontus, a 380 MW data centre campus in Colorado, positioned to meet strong growth in US cloud and artificial intelligence services.
Offshore drilling company Borr Drilling Limited announced the completion of an initial tranche issuance of 30 million ordinary shares out of the planned 50 million, raising $61.5mn towards the total goal of $102.5mn.
EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.
Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.