Latest Issue
 
Windtech International July August 2024 issue

 

FOLLOW US AT

follow

 

follow


RWE exceeded its targets for fiscal 2021, closing the year significantly above 2020. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) reached €3.65 billion (2020: €3.29 billion), which surpassed the upper end of the forecast range of €3.0 billion to €3.4 billion.
 
Adjusted EBITDA from the core business, at €2.76 billion (2020: €2.73 billion) exceeded the forecast of €2.15 billion to €2.55 billion. RWE achieved adjusted EBIT of €2.19 billion (2020: €1.82 billion) against an earnings forecast of between €1.5 billion and €1.9 billion. Adjusted net income of €1.57 billion also exceeded the outlook of €1.05 billion to €1.4 billion (2020: €1.26 billion).
 
Offshore Wind: Adjusted EBITDA totalled €1,110 million, slightly exceeding the prior year figure of €1,069 million. Portfolio effects in the UK from the full consolidation of the Rampion offshore wind farm and the partial commissioning of the Triton Knoll wind farm were the main factors that compensated for poorer wind conditions year-on-year. For the current financial year, RWE expects to achieve adjusted EBITDA of between €1,350 million and €1,600 million.
 
Onshore Wind/Solar: At €258 million, adjusted EBITDA was well below the figure for the prior year of €523 million. The extreme cold snap in Texas in February 2021 led to losses of approximately €400 million. Besides this exceptional effect, lower wind speeds also came to bear. The commissioning of new generation assets had a positive effect. The outlook for this segment in 2022 assumes business will have returned to normal, with adjusted EBITDA of between €650 million and €800 million.
 
In 2021, RWE once again invested heavily in the expansion of its green portfolio. Around €3.7 billion gross was invested in the core business. This is 12% more than in the previous year (2020: €3.3 billion).
 
The RWE Group’s adjusted EBITDA in 2022 is forecast to be between €3.6 billion and €4.0 billion; adjusted EBITDA in the core business is anticipated to be between €2.9 billion and €3.3 billion. RWE expects adjusted EBIT to range between €2.0 billion to €2.4 billion, with adjusted net income at €1.3 billion to €1.7 billion.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.