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).
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)