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).
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)