UAB Energy Investments Reports Q4 2024 Highlights
UAB “Atsinaujinan?ios energetikos investicijos” has recently published a comprehensive factsheet detailing its performance and strategic direction for the renewable energy sector as of the end of 2024. The report sheds light on the company's investment portfolio, significant events, and crucial financial indicators essential for stakeholders.
Key Events of Q4 2024
The company reported an aggregated revenue of 6,420 kEUR and EBITDA totaling 4,155 kEUR for FY 2024. Notably, the wind parks managed by UAB “Žaliosios investicijos” underperformed, producing 14% less energy than anticipated, alongside a significant 32% decrease in captured prices. These challenges primarily arose from low wind conditions throughout the year coupled with declining electricity market prices.
In an important strategic move, the Investment Company divested a 65.5 MW operating Solar PV portfolio located in Poland, thus reshaping its asset configuration. Furthermore, adjustments to the Fund’s net asset value (NAV) reflect a downturn attributed to unfavorable evaluations of two remaining solar PV portfolios in Poland. This downturn aligns with market forecasts predicting a 30% reduction in electricity prices and a rise in the weighted average cost of capital (WACC) due to incomplete construction phases. Conversely, positive valuation adjustments were noted for UAB “Žaliosios investicijos” and Zala Elektriba SIA, credited to the successful acquisition of construction permits.
Solar Development Projects in Poland
Progress continues on the 67.8 MW capacity PV Energy Projects sp.z o.o portfolio, which is nearing completion. As of the reporting period, 44.8 MW of this capacity is operational, with plans to energize an additional 5 projects at 1 MW each set for Q1 2025. The overall project completion date is targeted for September 2025.
Additionally, the PL SUN sp.z o.o. portfolio boasts a total capacity of 114.7 MW, divided into two developmental phases. The first phase, comprising 66.6 MW, has substantially wrapped up, with 26.4 MW already energized by Q4 2024. Energization for the remaining 40.2 MW is anticipated by Q2 2025. Construction for the second phase of 48.1 MW commenced in October 2024, with supply agreements for modules and inverters finalized, and significant progress achieved on mounting structures across several sites.
Advancements in Wind Projects
On the wind energy front, UAB “Atsinaujinan?ios energetikos investicijos” secured an energy production license for the Anykš?iai wind farm in mid-2024, with additional licenses for the Jonava and Rokiškis wind farms expected by Q2 2025. The development of a significant 112 MW wind farm under Zala Elektriba SIA is also projected to reach Ready to Build (RtB) status in Q1 2025, marking a crucial step in enhancing the company’s renewable energy footprint.
Hybrid Energy Projects
Moreover, design activities are currently underway for hybrid projects managed by UAB “KNT Holding” and UAB “Ekoelektra.” These efforts focus on finalizing equipment specifications and essential agreements for project infrastructure, all geared towards creating a sustainable energy future.
Contact for More Information
For additional inquiries, please reach out to:
Gr?t? Bukauskait?
Manager of the Investment Company
Email: grete.bukauskaite@lordslb.lt
Frequently Asked Questions
What were the total revenues for UAB Energy Investments in 2024?
The company's total aggregated revenue for FY 2024 amounted to 6,420 kEUR.
How did UAB Energy Investments perform in terms of solar energy projects?
The company is nearing completion of 67.8 MW of solar capacity, with 44.8 MW currently operational and plans for further energization in 2025.
What challenges did the wind parks face during 2024?
The wind parks managed by UAB “Žaliosios investicijos” produced 14% less energy than planned, attributed to low wind conditions and falling electricity prices.
When is the expected completion date for the PV Energy Projects sp.z o.o?
The anticipated completion date for the entire PV energy park is set for September 2025.
Who should I contact for more information about UAB Energy Investments?
You can contact Gr?t? Bukauskait?, the Manager of the Investment Company, via email at grete.bukauskaite@lordslb.lt for further details.
