EQS-News

ABO Wind reports another record result and growing pipeline - Seite 2

Around 196 million euros are reported as inventory of work in progress in the balance sheet at the end of 2023. These are the capitalised costs for wind, solar, and battery projects under development. The pipeline contains around 900 projects with a nominal capacity of around 23 gigawatts (https://www.abo-wind.com/en/company/facts-figures.html). Around 65 per cent of these are wind, 30 per cent solar, and five per cent battery projects. The pipeline, which has grown both in quantity and quality, forms the basis for the project developer's good prospects. "Since the beginning of the war in Ukraine, the political will to use renewable energies has grown," says Managing Director Schlageter. "The wish to become independent from fossil fuel imports as quickly as possible is speeding up approval procedures and increasing the willingness to make sites available." These developments support the company's goals. In Germany and other countries, the more than 1,200 employees managed to secure new sites for numerous new wind and solar projects in the past financial year and to bring them closer to being ready to build. "To continue optimally utilising the opportunities that arise, we need a good liquidity," says Schlageter. The company is therefore, among other things, currently considering issuing a bond.

ABO Wind has recently made significant progress with numerous projects. For example, four wind farms with a combined capacity of 57.5 megawatts won a bid in the most recent tariff tender in France. A similar success was achieved in Germany, where four solar parks with almost 50 megawatts and two wind farms with 22 megawatts won bids. In Germany and France, the two most important ABO Wind markets, public tariff tenders continue to be the central instrument for refinancing renewable energy projects. But in some cases, ABO Wind has already concluded power purchase agreements (PPAs) in these countries as well. For example, a French industrial company has just secured the electricity from an ABO Wind solar farm currently under construction.