DGAP-News

Energiekontor AG: Energiekontor stays on its growth path with a further increase in earnings - Seite 3

The Energiekontor Group is pursuing a clear strategy in order to be able to continue its successful growth path in this environment. This includes implementing efficiency measures as well as using optimisation potential in the Project Development and Power Generation in Group-owned Wind Farms segments, while expanding the solar business and tapping into new markets. In the Netherlands, for instance, the establishment of a branch office was followed by the conclusion of the first option agreements for the development of wind farms; in France and the US, the first sites for developing solar projects were identified.

Looking towards the future, Peter Szabo explains: "The entire sector is on the verge of drastic change. We are currently taking the next step towards open competition of all energy supply systems. Given the continuous expansion of renewable energies together with gradual reductions in the levelized cost of electricity, strong growth is expected in general for this sector. As soon as renewable energy prices draw even with the cost of electricity from fossil fuel power plants, the dependence on subsidies will be eliminated. Once that happens, a limit on the volume of new renewable energy installations will become obsolete. This should cause a rapid expansion of the renewable energy market. We intend to again assume a pioneering role in this process by realising the most profitable wind and solar projects in order to be successful in auction procedures and maintain our competitive position. In this context, we will also further expand our own portfolio of wind farms and potentially also solar parks. As we have already seen in the past, the growth path of our Company will not always be linear in the years to come. Our focus is not on short-term profits, however, but on the long-term sustainable growth of the Energiekontor Group."

The complete annual report for 2016 is available online at http://www.energiekontor.de/Finanzberichte.html.

 

About Energiekontor AG:

For more than 25 years, Energiekontor has stood for a sound approach to business and a wealth of experience in wind power. Formed in Bremerhaven in 1990, the company was one of the pioneers in the industry and is now one of the leading German project developers. Its core business covers the planning, construction and operational management of wind farms in Germany and abroad, and was expanded to include solar power in 2010. Energiekontor also currently owns and operates 31 wind farms with a total rated power of around 238 megawatts.