European Energy reported a notable 27% YoY increase in 2023 EBITDA, reaching EUR 178 million, nearly tripling since 2020. Profits before tax rose 10%, from EUR 115 million to EUR 126 million, marking the fifth consecutive year of meeting or exceeding financial guidance. Power generation yielded 1.87 TWh of renewable electricity, a 140% increase from 2022, averting 434,962 tons of CO2 emissions. Project divestments totaled 1,120 MW, with a grid-connected addition of 750 MW in new renewable energy capacity.
European Energy reports remarkable 2023 financial growth
European Energy projects 2024 EBITDA to be EUR 230 million, showing a 30% expansion from 2023, factoring in a ±10% risk margin. (Image Credit: European Energy).
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)