Charwood Energy: revises its 2022 sales target downwards


(CercleFinance.com) – Charwood Energy presents this evening an update on its commercial activity and its projects in development.

The company indicates that at the end of 2022 it is recording delays in the implementation of certain biomass power plant projects on behalf of third parties, but remains ‘confident’ in its ability to deploy these projects in 2023.

As a result, the company now anticipates revenue of around €5 million in 2022, compared to €7 million initially expected.

In addition, the activity for own account is continuing its initial market plan with, to date, 5 power plants under development, in accordance with the objective announced at the time of the IPO.

Despite these delays in projects on behalf of third parties, the Group’s medium-term ambitions remain unchanged, with, by 2027, an expected turnover of €100 million and 50 directly owned power plants in operation and under construction.

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