on Energiekontor AG (isin : DE0005313506)
Energiekontor AG Drives Growth Strategy with Project Sales
Bremen-based Energiekontor AG continues to execute its 2023-2028 growth strategy, with plans to sell several projects by year-end. In the first nine months of 2024, the wind and solar park developer recorded steady operational performance and expanded its project pipeline. The company's ability to achieve its 2024 forecasted earnings depends on the progress of ongoing sales processes.
Energiekontor has sold two projects with a total capacity of 38 megawatts this year and commissioned three new projects totaling 79 megawatts. The completion of these sales is crucial for the company's year-end financial results. Meanwhile, Energiekontor is adding to its portfolio, with an anticipated capacity increase to over 610 megawatts.
With 34 building permits secured, including new projects in France, the company is actively participating in German and French energy tenders. CEO Peter Szabo highlights the long-term financial stability provided by their organic growth model, amid industry challenges like extended project timelines and grid expansion delays.
R. P.
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