RWE’s offshore wind farms delivered adjusted operating profit of €1110m in 2021, up slightly on the €1069m reported in 2020, according to the company’ preliminary results for last year.
This was due to the portfolio effects in the UK from the full consolidation of the Rampion offshore wind farm (pictured) and the commissioning phase of the Triton Knoll project.
The two wind farms offset the impact of weaker wind conditions in 2021, compared with the previous year.
Onshore wind and solar delivered adjusted EBITDA of €258m, down from €523m in 2020.
The fall was down mainly to a cold snap in Texas in February.
Overall RWE reported adjusted EBITDA of €3.65bn in 2021, up from €3.29bn in 2021.
The 2021 figure exceeds previous guidance due to higher earnings contributions from the hydro/biomass/gas segment and a strong performance of the trading business.
RWE chief financial officer Michael Muller said: “After an eventful year, we expect an excellent result for fiscal 2021, which exceeds our guidance significantly.
“This is due to a very good operational performance, mainly driven by a strong fourth quarter in our Hydro/Biomass/Gas segment contributed to this.
“In 2021 we also continued to successfully forge ahead with our wind and solar portfolio, both in project development, construction and operations. We are well on track in delivering on our Growing Green Strategy.”
The final figures for the 2021 financial year will be published on 15 March.