Parkwind finances, develops and operates offshore wind farms with the goal to be the preferred green energy partner of various stakeholders, enabling a faster transition to sustainable energy sources Although Parkwind is not yet in scope of the EU Taxonomy Regulation, Parkwind chooses to report on EU Taxonomy eligibility for the objectives climate change mitigation and climate change adaptation on a voluntary basis, as we strongly believe in the opportunity to communicate objectively on the sustainable nature of our activities.
Turnover
In FY 2021 97.91% of Parkwind’s revenue is linked to eligible activities.
Parkwind’s high eligibility percentage is largely driven by the activity electricity generation from wind power (4.3). The sale of of renewable wind energy constitutes 97.91% of the total eligible turnover
Of non eligible revenues 2.09% are related to holding, management and administrative activities.
CAPEX
In FY 2021 99.80% of the total CAPEX is EU Taxonomy eligible. Parkwind continues to expand its activities in offshore wind, this is reflected by the large contribution of 99.69% eligible CAPEX stemming from the development and construction of wind farms (4.3).
The remaining 0.11% eligible CAPEX is related to the development of a hydrogen bunkering facility (4.12) and Parkwind’s car fleet (6.3). 0.20% 20 of non-eligible CAPEX relates mostly to items such as cell phones, laptops and, office furniture which cannot be allocated to an eligible activity.
OPEX
In FY 2021 the share of EU Taxonomy eligible OPEX for amounts to 99.87%
98.87% of total eligible OPEX is associated to the activity electricity generation from wind power (4.3). Eligible OPEX relates mostly to maintenance and repair of operational wind farms Moreover, eligible OPEX includes day to day costs servicing assets and research and development costs related to wind energy.
Other eligible activities do not represent a significant portion of OPEX contributing in total 0.87% to the total eligible OPEX. Operational expenditures relate to research and development activities for a hydrogen bunkering facility (4.12) and short-term leases of cars (6.3).
0.13 of non-eligible OPEX relates mostly to short term leases of office buildings directly linked to operational parks.
Accounting policies, estimates and assumptions
Following the Disclosure Delegated Act (2021/2178) Parkwind’s EU Taxonomy eligibility KPI’s consider only consolidated entities and exclude equity pick-ups.
The KPI’s take into account revenue and CAPEX for FY 2021 as specified in theconsolidated financial statements prepared in accordance with IFRS.
The financial year FY 2021 covers the period of 01 January 2021 to 31 December 2021. Parkwind’s consolidated financial statementsonly consider entity contributions for the period in which entities are consolidated.
Intra-group transactions are eliminated at consolidated level.