Bonheur has reported earnings of Nkr1060m (€107m) for its renewables unit, in its fourth quarter 2021 report, compared to Nkr247m in Q4 in the previous financial year.
The renewable energy business recorded operating revenues of Nkr1268m for Q4 2021 compared with Nkr415m in the same period in the previous financial year.
Bonheur’s wind service business reported earnings before interest, tax and depreciation (EBITDA) of Nkr147m in Q4 2021 compared with Nkr102m in Q4 of the previous financial year.
The wind service business achieved operating revenues of Nkr844m for the period, compared with Nkr866m in the previous Q4.
Bonheur, which owns Fred Olsen Windcarrier and Fred Olsen Renewables, attributed high power prices in the quarter to its results.
Highlights for the renewables untit in the quarter include completion of the Högaliden project adding 19% expected production going forward as well as securing rights to develop a Scottish floating offshore wind project with a capacity of up to 798MW (ScotWind), in a joint venture with Vattenfall.