EQS-News

Energiekontor AG: Successful project business delivers another record result in the 2023 financial year - Seite 3

Solid development in the power generation segment

External revenues and earnings (EBT) in the power generation in Group-owned wind and solar parks segment were more or less on a par with the previous year in the 2023 financial year, with revenues increasing slightly to 79.0 million euros (2022: 76.7 million euros) and segment EBT decreasing slightly by 7.3 percent to 27.8 million euros (2022: 30.0 million euros).

The total generation capacity of the Group’s own portfolio of wind and solar parks increased again slightly in the 2023 financial year to around 389 megawatts (2022: around 384 megawatts). Following the commissioning of the Seukendorf and Letschin solar parks currently under construction with a generation capacity of 11.6 and 60.0 megawatts peak respectively, which is planned for the end of 2024 and the first quarter of 2025, the total generation capacity of the parks in the Group's own portfolio will increase to around 460 megawatts. In addition, more than 300 megawatts are to reach financial close in 2024, most of which are also intended for the company's own portfolio in order to systematically expand and strengthen the segment.

The Jacobsdorf wind park in Brandenburg was not in operation all year round. The wind turbine towers had to be reconstructed after expert confirmation of structural defects resulted in them being deemed not fully safe in 2021. The necessary structural measures have now been completed, meaning that the wind park was fully operational again in February 2024.

In addition, the Alfstedt wind park in Lower Saxony has not been in operation since mid-October 2023 due to another broken rotor blade, which resulted in the entire wind park being shut down. An independent arbitration report, which has not yet been finalised, is expected to shed light on the cause of the damage. Energiekontor and the manufacturer are working on a transitional operating concept for the remaining turbines for the assessment period. The concept requires official approval, which is not expected before May 2024.