ABO Wind Criticises German Approval Procedures

Image: ABO WindImage: ABO Wind
The developer has to lower its anual profit expectations, because of several delays in the German approval procedures

Official Press Release ABO Wind:

ABO Wind with subdued expectations for annual profit

Wind Industry Profile of
ABO Wind with subdued expectations for annual profit

Managing Board currently expects a surplus of around 10 million euros / Delays in project planning for wind farms in Germany / Increased involvement in Spain, among other countries, is reflected in higher costs / Medium- and long-term perspectives remain good

ABO Wind feels compelled to reduce its profit forecast for 2019. In the recently published annual report, the Managing Board had expressed the expectation that in 2019 the net profit of 12.7 euros achieved in 2018 would be exceeded. "Now that we have updated our business plan as scheduled after the preparation of the annual financial statements, we expect a net profit of around 10 million euros for the current year," says Managing Director Dr. Jochen Ahn. In particular, further delays in approval procedures for... ... More: Official Press Release ABO Wind

ABO Wind, expectation, Germany, market, EEG, auction, delay, approval procedure

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