European Energy achieved robust performance in Q3, recording an EBITDA of over EUR 78M and a profit of EUR 59M. The gross pipeline expanded to 60 GW, marking an 11 GW increase in the last year. Notably, 1.7 GW of projects transitioned to the ready-to-build phase in 2023, while managed assets generated 1 TWh in Q3, including 535 GWh from company-owned assets.
European Energy delivers strong financial results
European Energy maintains 2023 guidance of EUR 180 million EBITDA and EUR 140 million profit before tax, with a +/- 20 percent margin. Illustration from European Energy.
The Federal Ministry supports German start-ups with the Young Innovators package for showcasing at the event. (Image Source: The Smarter E Europe)
The solar project is projected to generate 295 GWh annually, contributing to the Philippines’ target of 35% renewable energy by 2030. (Image Credit/Source: Succo/Pixabay)
The Caucasus region will benefit from Astronergy’s cutting-edge photovoltaic technologies via Photomate. (Image Credit/Source: Linkedin/Photomate Eurasia)
The solar project supports Synopsys’ science-based targets of reducing scope 1 and 2 GHG emissions by 55% by 2032. (Image Credit/Source: MRganso/Pixabay)