Germany’s ABO Wind continues to build upon its success in the green energy sector. An experienced developer of renewable energy projects and one of Europe’s most reputed green energy solutions providers, ABO Wind now enjoys a presence across the globe with subsidiaries in the UK, Holland, Finland, Spain, Ireland, Argentina and Iran. Having developed, constructed and maintained wind farms for more than 20 years, 2016 net profits doubled thanks in part to the strong performance of its projects in Finland while it achieved its highest ever number of wind farms under construction.
“The internationalisation of our business is bearing fruit, making this record result possible,” says Managing Director Matthias Bockholt of the company’s net profit of Eur 16.5 million in 2016. This is more than double its turnover for 2015 which was considered a very good year for the company. It further highlights the growing presence of green energy in addition to its cost efficiencies.
The successes of 2016 are expected to continue in 2017. It noted that by mid-year, more wind farms were and are still under construction than ever before. “Approximately 20 projects with a total output of 180 megawatts are scheduled to be brought on line in Germany, Finland and France in 2017. While our extraordinary success in Argentina contributed to the excellent result in 2016, we expect an unusually large contribution from the Finnish subsidiary in 2017. The subsidiary is currently constructing three wind farms with a total output of 60 megawatts,” noted a company spokesperson.
This has, unsurprisingly, seen its German market share grow. This is pleasing for the company given the Renewable Energies Act (EEG) which promoted increasing competition within the green energy sector. “We are well prepared for this competition, we want to increase our market share and also become known as a service provider for the maintenance and optimization of wind farms in operation,” says Bockholt.
Globalising the brand has also become a high priority. One that is bringing success. In Finland the green energy company has enjoyed significant gains while its work in Ireland continues to contribute to its international success. France remains the second most important market for the company after Germany. It is here where it expects to continue its European achievements, especially under the governance of new president Macron. Indeed, in Europe ABO Wind has plans in place to bring over 3,000 MW of power to the continent.
It also has several projects under development in Spain and Argentina as well as a planned wind farm and photovoltaic power plant in Iran and increased involvement in green energy projects in Africa.
In Argentina and Spain, ABO Wind is working on the development of new projects as well as on further sales and service contracts. The planning of wind farms and photovoltaic power plants in Iran is also going well. Regarding financing in Iran, there are some hurdles to clear however. ABO Wind is also increasingly involved in several African countries and has entered a number of cooperations. In Europe, ABO Wind is currently planning projects with a total of more than 3,000 megawatts as well as 1,000 megawatts outside of Europe. They are the foundation of good business years in the future.