The Group owns and operates 40 renewable energy generation and storage assets, and is well diversified with assets located in five European markets.
In 2024:
1.5GW
installed net capacity under management (as of 31 December 2024)
40
operating renewable energy assets under management
c1.4m
tonnes of avoided CO₂ emissions*
3,443
GWh renewable energy generated in the period
* Based on the marginal generation displaced in each jurisdiction. Gas generation for Ireland and Spain at 385gCO2/kWh, nuclear generation for France and Sweden at 0gCO2/kWh, biomass generation for Finland at 0gCO2/kWh and coal generation for Germany at 935gCO2/kWh. This approach is the preferred option under Partnership for Carbon Accounting Financials (‘PCAF’) guidance (‘operating margin’) for measuring carbon avoided and replaces the methodology used in 2022 that applied average grid intensity per region.
Portfolio stats
Onshore wind
35
Total
Offshore wind
2
Total
Solar PV
2
Total
Battery
1
Total
1.Based on the marginal generation displaced in each jurisdiction. Gas generation for Ireland and Spain at 385gCO2/kWh, nuclear generation for France and Sweden at 0gCO2/kWh, biomass generation for Finland at 0gCO2/kWh and coal generation for Germany at 935gCO2/kWh. This approach is the preferred option under Partnership for Carbon Accounting Financials (‘PCAF’) guidance (‘operating margin’) for measuring carbon avoided and replaces the methodology used in 2022 that applied average grid intensity per region.