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Swedish developer Eolus Vind turns to EUR-10m revenue in 2022

admin by admin
February 17, 2023
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Swedish developer Eolus Vind turns to EUR-10m revenue in 2022
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Swedish renewables developer Eolus Vind AB (STO:EOLU-B) at the moment reported internet revenue of SEK 116 million (USD 11.1m/EUR 10.4m) for 2022, towards a lack of SEK 24 million within the earlier yr.

In 2022, Eolus bought renewable power tasks totalling 1,010 MW — the 260-MW Stor-Skalsjon wind challenge in Sweden and a solar-and-battery challenge within the US of 750 MW.

Within the last quarter of the yr, the corporate swung to a internet revenue of SEK 41 million from a SEK-7-million loss a yr earlier.

Web gross sales within the interval primarily got here from recognition of an elevated share of completion within the 400-MW Oyfjellet onshore wind challenge in Norway, the development administration settlement for Stor-Skalsjon and the sale of the US photo voltaic and battery storage challenge in October.

Some monetary figures are within the desk under.

SEK million This autumn 2022 This autumn 2021 2022 2021
Web gross sales 366 1,009 2,356 2,614
Working revenue 27 (4) 80 (25)
Web revenue 41 (7) 116 (24)
Whereof associated to the shareholder of the dad or mum firm 41 (5) (5) (19)

Through the quarter, Eolus expanded its challenge portfolio by greater than 4 GW primarily on account of the exploration allow granted by the Finnish and Swedish governments for the Tuulia and Wellamo offshore wind energy tasks on the finish of December, mentioned chief govt Per Witalisson.

The corporate’s portfolio now approaches 22 GW.

(SEK 1 = USD 0.096/EUR 0.090)

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