ABO Energy Cuts Costs and Accelerates Wind Project Sales
German renewable energy developer ABO Energy reported a net profit of €9.6 million ($10.37M) in the first half of 2025, down from €11.4 million ($12.32M) a year earlier. Despite the dip in profits, revenue rose sharply to €206 million ($222.64M), compared to €123 million ($132.96M) in the same period of 2024, largely due to a surge in construction revenues.
The company reaffirmed its full-year earnings forecast of between €29 million and €39 million ($31.34M–$42.14M), citing its growing portfolio of projects ready for construction.
Efficiency Measures and Workforce Restructuring
Facing lower electricity prices and rising competition, ABO Energy has launched a cost-cutting programme. Chief Financial Officer Alexander Reinicke confirmed that headcount growth has been halted, vacant positions will remain unfilled, and internal redeployment is underway to prioritize critical projects.
At the same time, the company is pursuing its strategy of exiting non-core markets. In June, ABO Energy finalized the sale of its Greek subsidiary and 1.5GW portfolio. A month later, it agreed to divest a 4.4GW wind portfolio in Finland, with closing expected in the fourth quarter.
According to management board spokesman Dr. Karsten Schlageter, these divestments will bolster the company’s financing capacity while maintaining project development momentum.
Revenue Growth in Germany
Germany accounted for 65% of ABO Energy’s H1 revenues, up from 58% in 2024. Construction revenues surged to €124 million ($134.02M) from just €39 million ($42.15M) a year earlier, while planning services remained stable at around €72 million ($77.80M).
To accelerate returns and ease pressure on human resources, the company plans to expand sales of project rights before construction, complementing its existing turnkey construction business.
Global Portfolio Expansion
Despite divestments in Greece and Finland, ABO Energy’s global development pipeline has continued to grow, now totaling around 34GW (excluding hydrogen projects).
However, its work-in-progress inventory declined by €15 million ($16.21M), compared with a €64 million ($69.13M) increase in the same period last year. Overall output for H1 2025 stood at €191 million ($206.49M), slightly above the €187 million ($202.33M) recorded in H1 2024.
Outlook
By focusing on efficiency, selective divestments, and strategic sales of project rights, ABO Energy is positioning itself to weather current market pressures while sustaining long-term growth in renewable energy development.
