Greencoat Renewables PLC (LON:GRP) elevated its web asset worth per share by EUR 0.073 over 2022 to EUR 1.124 because the renewables investor’s web producing capability expanded to 1,164 MW from 800 MW in 2021, its full-year outcomes confirmed on Monday.
The corporate attributed the NAV rise to increased energy costs within the close to time period and changes to brief time period inflation assumptions in Eire and Continental Europe.
Internet money technology was EUR 215 million (USD 227m), in comparison with EUR 71 million in 2021.
Greencoat Renewables now has investments in Eire, France, Finland, Germany, Spain and Sweden. Final yr it acquired 9 wind farms, together with its first offshore wind acquisition, a 50% stake within the 312-MW offshore wind farm Borkum Riffgrund 1 in Germany. Its portfolio produced 2,487 GWh of electrical energy, up from 1,522 GWh within the earlier yr.
The portfolio technology, nonetheless, was 9% under price range, primarily resulting from weaker winds, in addition to ongoing destructive impacts from increased dispatch down within the Irish portfolio.
Greencoat Renewables says its outlook is powerful with elevated visibility over the regulatory panorama. It expects to maintain up with its geographical growth and expertise diversification, with offshore wind, photo voltaic and battery storage set to extend their share within the firm’s portfolio.
(EUR 1 = USD 1.057)
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