Interim report on the first half of 2025

Electricity generation in the first half of 2025 continues to reflect the impact of unusual wind conditions across Europe. However, supported by our North American portfolio and the significant capacity additions commissioned last year, revenue reached EUR 83 million, remaining broadly in line with the prior-year figure. Earnings before taxes amounted to EUR 7.2 million. In Canada, construction on Weavers Mountain—the largest W.E.B wind farm to date—is progressing on schedule.

W.E.B looks back on an eventful first half of 2025. Despite persistently challenging wind conditions in Europe, the company achieved revenues of EUR 83 million, supported by the successful commissioning activities in the previous year and strong power generation in North America, thereby maintaining the level of the prior year. Planned investments in expanding the power plant portfolio in 2024 are reflected as expected in higher depreciation and interest expenses. Earnings before taxes amount to EUR 7.2 million.

The positive impact of power plant expansion and the geographical diversification of the generation portfolio is particularly evident in electricity production: While European markets were heavily affected by low wind conditions, plants in Canada generated 11 % more electricity than in the first half of 2024, and those in the US even recorded an increase of 14 %. Developments in Z were also positive: Thanks to last year’s new installations, electricity generation there more than tripled.

Biggest W.E.B wind farm with 94.4 MW currently being realized

Power plant expansion continues at a steady pace. As of June 30, 2025, W.E.B had 745 MW of installed capacity of wind and solar plants in operation. Additional facilities with around 35 MW were close to completion and commenced operations in July: the Spannberg IV wind farm  in Austria (22.4 MW), financed in part through the 2024 bond issue; the Grube wind farm in Germany, in which W.E.B holds a 50 % stake; and a solar power plant in Waidhofen/Thaya (Austria), implemented as modern carports on the newly redesigned parking area of the recreation center.

A key milestone in our international growth strategy is the wind farm Weavers Mountain in Nova Scotia, Canada: Foundation work is currently underway for what will be our largest wind farm to date, with a planned installed capacity of 94,4 MW. Commissioning of the 16 turbines is scheduled for next year.

“Our power plant projects, which our international teams have developed with great dedication in recent years, are now being successfully implemented. Canada is proving to be a market where large-scale projects are possible, as demonstrated impressively by the Weavers Mountain project,” explain Michael Trcka, Board Member Finance, and Florian Mueller, Board Member Project Development. Both emphasize: “We will continue to seize emerging opportunities in our markets and invest strategically in the growth of wind and solar energy.”