Parts of the existing wind farm at Wind Wall. Source: Eolus Vind AB
Swedish wind project developer Eolus Vind AB (STO:EOLU-B) reported a net profit of SEK 117.8 million (USD 11.7m/EUR 11m) for the first half of its current fiscal year, which began on September 1, 2019.
This is a year-on-year increase of 197% and comes close to the profit of SEK 132.8 million recorded for the whole of fiscal 2018/19.
At the end of the first half, February 29, the company had 687 MW of assets under management, up from 421 MW a year earlier. In December it sold to Aquila Capital the rights to the 400-MW Oyfjellet onshore wind project in Norway.