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Annual Report 2025 | Our strategy

Accelerate world-class core in solar and wind

Stouby solar park in Denmark

We continue to reinforce our leadership in solar PV and onshore wind through a disciplined market approach, efficient capital allocation and consistent project execution.

This foundation supports an ambitious growth plan with an expanding portfolio of hybrid projects.

Key 2025 highlights

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A well-established 44.2 GW pipeline across 20+ markets, with prioritised focus on low-risk European countries.

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Continuous growth in solar PV and onshore wind forming the backbone of our development portfolio.

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Increasing the share of hybrid solar PV and BESS projects, enhancing flexibility and recurring income potential.

Proven track record of project progressions and conversions from development to operational assets, with 41.5 GW in development and 1.5 GW in operations.

Continued build-out of energy capacity in operations, strengthening the long-term earnings stability.