Browsing: Finance

However, operating profits fell for the wind and solar developer

Revenue grew 2% last year despite lower utilisation of ships due to upgrades of Osprey and Orca vessels

More than 50% will go to offshore wind in the US, UK, France and Germany

Achievement partly due to renewable energy funds outperforming expectations

Export Finance Norway is providing funds for the 2.9GW UK offshore wind project

Proceeds will be used to connect offshore wind farms to the Dutch, German grid

Profitability levels increased by 1% as ‘new equilibrium’ found in offshore wind market

Offshore wind reported €1.7bn and onshore wind/solar recorded €1.2bn up on €1.4bn and €800m (2022) respectively

Bitter Ridge Wind Farm in Jay County, Indiana has been operational since 2020

Company’s portfolio exported record 1094GWh to the grid last year from over 1GW of installed capacity