February 22 (Renewables Now) – The renewables unit of Norwegian group Bonheur ASA (OSL:BON) reported a internet revenue of NOK 462 million for 2020, a major improve from NOK 86 million a yr earlier.
The section contains Fred. Olsen Renewables (FORAS) and its unit Fred. Olsen Inexperienced Energy AS. FORAS has 51% stakes in eight wind farms in Scotland, and 100% in three crops in Scotland, Norway and Sweden. The mixed capability of the facility crops is 680 MW.
Earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) slipped by 4% to NOK 857 million (USD101m/EUR 83m) in 2020, in response to preliminary outcomes introduced by the corporate.
For 2020, the unit booked working revenues of NOK 1.45 billion, up from NOK 1.44 billion in 2019. Energy era grew by 8% to 1,872.7 GWh final yr.
Within the fourth quarter of the yr alone, the unit reported EBITDA of NOK 247 million, down from NOK 276 million the earlier yr, whereas internet revenue fell to NOK 113 million from NOK 129 million in 2019.
In the meantime, Bonheur’s offshore wind enterprise noticed EBITDA drop to NOK 273 million in 2020 from NOK 419 million the earlier yr, on account of decrease common day charges. The web loss for the interval arrived at NOK 246 million, widening from NOK 173 million. Working revenues have been NOK 3.13 billion, up from NOK 2.76 billion beforehand.
For the fourth quarter, the unit booked EBITDA of NOK 102 million, in contrast with a lack of NOK 73 million a yr earlier. Web loss narrowed to NOK 100 million from NOK 244 million in 2019.
(NOK 1.0 = USD 0.118/EUR 0.097)