RWE expects to close fiscal 2022 with an adjusted EBITDA in its offshore wind division of €1.4bn, compared to €1,1bn the previous year.
This rise has been driven by the commissioning of new capacity including the at the 857MW Triton Knoll offshore wind farm (pictured) off the British coast at the beginning of 2022.
In addition, the turbines at the newly built Kaskasi offshore wind farm off the German island of Heligoland have been feeding green electricity into the grid with all turbines since the end of the year.
Wind levels were higher year-on-year, however, they were still below the long-term average.
Adjusted EBITDA in the onshore wind/solar segment is expected to be €827m, compared to €258m in fiscal 2021.
Here additional capacity and more favourable wind conditions also had a positive impact, although wind levels were again below expectations.
In addition, the previous year’s earnings included substantial one-off burdens due the extreme cold snap in Texas in February 2021.
Final figures for fiscal 2022 will be released as planned on 21 March 2023.