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Group’s operating portfolio was valued at £4.2m in the first half of 2022 compared with £3.9m in H2 2021
Preliminary results show German developer recorded offshore wind EBITDA of €632m in the first half of the year
Increase driven by additional installed capacity and stronger renewable resources
Drop in Q2 2022 driven by ‘increased business development costs’
In the past 12 months the Spanish firm has installed 3400MW of capacity
Company no longer expects a step-up in profit in the segment in H2 due to ‘ additional US onshore demand pressure’
Net asset value also increased 154% to £370m in the year ending 31 March 2022
$325m has come from existing shareholders while CPP Investments has committed $225m
Share of renewables in the company’s orderbook is growing and is higher than the current 25% revenue share
Scott Farquhar’s Skip Essential Infrastructure Fund and Stonepeak Partners bid A$319m for Oz developer