Obton delivers satisfying annual accounts despite challenges in 2022

Obton has just published its annual accounts for 2022, which shows an operating profit of DKK 321 million. At the same time the revenue increased with 73 pct. to DKK 1.1 billion.

“2022 was a year where we were exposed to many unpredictable events. The war in Ukraine put the European energy supply under pressure, which resulted in a very high increase in energy prices. The inflation and the interest rates also went up and we experienced challenges with the international supply chains concerning the delivery of new solar modules,” says CEO in Obton, Anders Marcus and continues:

“Seen in the light of the difficult circumstances we have delivered a very pleasing annual result. At the same time we have proven that we have a solid and robust business foundation that can resist both unpredictable challenges and costs – and that we are able to make use of new possibilities in an ever-changing market,” he points out.


Business potential in energy storage

Based on the events of 2022 and the escalating climate changes, politicians all over the world agree that many more sustainable energy projects must be built during the coming decades.

“In Obton we are ready to take part in the development. Also, we can contribute with battery storage projects which we think is an area with a very big business potential. The opportunities for storing energy is a primary condition for the world to keep expanding the huge amounts of renewable energy, e.g. solar and wind energy,” says Anders Marcus.

So far, Obton manages two battery parks in Germany and more projects are headed for the portfolio.

 

Read Annual Report 2022 here

Related articles

Obton fund sells Australian solar PV projects to major instititionel investor in Japan

On behalf of the investor-owned fund 'Obton Impact', Obton A/S has successfully divested three Australian solar PV projects.

The solar fund 'Obton Impact' acquires a massive solar PV plant in Japan

At the turn of 2024, the Impact fund assumed ownership of one of Japan's largest solar PV plant of a total capacity of 147 MWp.

Challenging 2023 for Obton – growth plans remain unchanged

Obton encountered several obstacles in 2023, resulting in deficits and a decline in revenue. However, the strategic ambitions for the future remain intact.

Obton buys almost 200 megawatts of battery storage projects from Kyon Energy in 2023

194,7 MW of the 600 MW framework agreement between Kyon Energy and Obton is fulfilled in the first out of three years.