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ABO Wind AG: Successful in new countries - Seite 2

"The prospects for the next financial years are also very good," says Managing Board member Matthias Bockholt. The portfolio of projects in the development and construction phase, which has continued to grow, gives particular cause for optimism. ABO Wind is currently working on new wind and solar parks in 16 countries on four continents, as well as on a smaller scale on storage projects with a total capacity of around 15 gigawatts. Details on the development portfolio are available on slide 10 of the investors' presentation (https://www.abo-wind.com/media/pdf/flyer/IR-Presentation.pdf).

Among other things, it is worth noting that projects with a capacity of 600 megawatts are currently in the construction phase. Commissioning is expected this year and in the coming year. Among them are the first wind farms with a three-digit megawatt capacity that ABO Wind will connect to the grid. These are the Spanish wind farm Cuevas de Velasco and the Finnish wind farm Välikangas (100 megawatts each). ABO Wind has already sold the project rights for both projects in previous years. Now the project developer is also taking care of the construction as an EPC service provider and is involved in the further progress of the project through milestone payments.

In recent years, Finland and Spain have become increasingly important for ABO Wind. In Finland, the company is even one of the market leaders. "It is a logical step for us to connect the first very large projects to the grid there," says Bockholt. "Both countries have large sites that are excellently suited for regenerative electricity generation. There are many good reasons for us to build more very large wind farms in Finland and solar farms of this scale in Spain in the coming years. With the current projects under construction, we are gaining important experience."

Good conditions for further business success

Through retained earnings and the issue of new shares, ABO Wind increased its equity in 2020 by almost 40 million euros to about 140 million euros. "This is a good basis for implementing such large-scale turnkey projects in the future, even at our own risk and with our own funds," says Bockholt. "Nevertheless, we will continue to sell the rights of individual projects in the development phase from our large portfolio, if the situation is favourable for this." ABO Wind is further significantly strengthening its financial basis by issuing a corporate bond, which is exclusively distributed by GLS-Bank. In view of the very good demand, ABO Wind expects issue proceeds of around 50 million euros in the course of this year.