L R AS Published on Monday 18 May 2020 - n° 322 - Categories:company results
Luxembourg's Enovo in 2019
In 2019, Enovo, a subsidiary of Luxembourg's Encevo, achieved EBITDA of €212 million (€13 million in 2018) and
a net profit of €68 million (€64 million in 2018). NDLR its turnover has not been published. It has commissioned 19.5 MWp in the Grand Duchy of Luxembourg, and its first PV installations in the Netherlands.
The company will carry out nine projects for various major groups, and has concluded various energy supply contracts in Germany and Luxembourg combining plannable (hydro) and intermittent (wind and photovoltaic) sources.
Encevo points out that the pandemic risks altering the outlook for the year 2020. The group expects that the economy and therefore also the energy markets will be negatively impacted.
PV Magazine of 15 May
