Published: 09 June 2020 09 June 2020
According to the annual report published by ABO Wind, the company earned a net profit of € 11.4 million. In Germany, France, Ireland, Greece and Hungary, the company has installed wind or solar farms with a total capacity of 88MW in 2019. In addition to the sale of turnkey renewable energy plants, the sale of project rights in the development phase also contributed to the company's results.
The 2019 sales revenues of € 126 million reported in the balance sheet were generated in ten countries. The percentage of business in Germany has further decreased to around 42 percent. Between 2013 and 2016, Germany's contribution to the consolidated sales revenues fluctuated between 60 and 75 percent.
The ABO Wind group currently employs 642 employees, one hundred more than in the previous year. 446 of them work at the nine German office locations - the majority at the Wiesbaden headquarters and in Heidesheim near Mainz.
ABO Wind is now working on projects with a total rated output of around 12GW. In terms of the planned megawatt output of the projects, around one third of the development portfolio is located in Argentina, Colombia, Tanzania and South Africa.
For the 2020 financial year, the Board expects - depending on the further course of the pandemic - at least as good a result as in 2019.