News Release from European Energy A/S

Wind Industry Profile of

European Energy A/S

02/13/2023

European Energy reaches one GW of capacity in owned assets

For the first time in the company’s history, European Energy has reached one gigawatt of renewable production capacity in owned assets. This is a major milestone in the journey of establishing European Energy as an independent power producer.

With the recent connection of the wind parks Ouro Branco II in Brazil and Telsiai I in Lithuania to the grid during January, European Energy has reached the milestone of having one gigawatt of renewable energy capacity under ownership.

"With one gigawatt of renewable energy capacity under our ownership, we have crossed a major milestone in the company’s history. In 2022 our assets produced 779 GWh. That is a considerable in the fight against climate change," says Knud Erik Andersen, CEO of European Energy.

The produced electricity from the owned assets provides enough electricity to approximately 200.000 Danish households. This corresponds to roughly to 400.000 tons of CO2 in Denmark.

In 2022 alone, European Energy grid connected more than 600 MW of renewable energy capacity.

"We have just finished the most extensive annual construction program in the history of European Energy. In this past year we took the FID on 839 MW of renewable energy capacity. Considering the tremendous hard work of our staff, there is no reason why we should not exceed that in 2023," says Knud Erik Andersen.

Since the company’s establishment in 2004, it has been involved in projects for more than three GW.

Today Europe owns renewable energy parks in Denmark, Germany, Lithuania, United Kingdom, Italy, Brazil, Netherlands, Sweden and Spain.

Since 2019, European Energy committed to a strategy of keeping a higher level of ownership of renewable energy assets, a strategy that is now materializing.