The Hamburg-based solar and wind farm operator Encavis has set itself ambitious goals for the next few years. The company's growth strategy should lead to a rise in sales adjusted for weather effects from the 260 million euros planned for 2019 to 440 million euros by 2025, Encavis announced in Hamburg on Wednesday. That would represent an increase of almost 70 percent. Adjusted earnings before interest, taxes, depreciation and amortization are expected to rise from 210 to 330 million euros. The executive board of the SDax company expects the operating result per share to be 70 cents, and 40 cents for the year just ended.
Encavis intends to focus on, among other things, investing in wind and solar projects that are already ready for construction and to cooperate with strategic partners at earlier stages. Encavis also intends to sell minority interests in wind and selected solar parks in order to raise money for further investments. The company's own contractually-secured power generation capacity is to be doubled from 1.7 to 3.4 gigawatts by 2025.
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