L R AS Published on Saturday 3 February 2024 - n° 474 - Categories:company results
RWE in 2023: benefited from high electricity prices
German energy company RWE reports earnings before interest, tax, depreciation and amortisation (ebitda) in the wind and onshore solar segment up by
51% in 2023, reaching €1.25 billion in 2023, compared with €827 million in 2022. This is the result of the acquisition of Con Edison Clean Energy, which increased the US portfolio of solar PV and wind projects to 8 GW.
The company's procurement and trading division, which specialises in public procurement, transactions, energy-related financial services and private equity investments, will also be involved in the acquisition of Con Edison Clean Energy.nergy-related financial services and private equity investments, also recorded significant growth, with its adjusted ebitda rising from €1.16 billion in 2022 to €1.58 billion.
Adjusted ebitda at Group level rose from €6.31 billion in 2022 to €8.38 billion in 2023, representing growth of 33%.
After a 2023 that benefited from high energy prices, the 2024 financial year will be affected by the significant fall in energy prices in recent weeks, which will lead to a reduction in profits.
https://www.pv-tech.org/significant-solar-and-wind-business-growth-drives-up-rwe-fy-2023-results/
PV Tech of 29 January 2024
