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 FY2022, Parkwind’s share of EU Taxonomy-eligible turnover amounts to 97.12%, remaining stable versus FY2021.
Parkwind’s high eligibility percentage is related to the sale of renewable electricity stemming from operational offshore windfarms (activity 4.3) .
2.88% non-eligible revenues are related to holding, management and administrative activities.
CAPEX
In FY2022 99.97% of capital expenditures are linked to taxonomy-eligible activities.
Parkwind’s EU Taxonomy-eligible CAPEX is primarily driven by the development and construction of offshore windfarms (99.51%).
0.46% of remaining eligible capital expenditures relate to the development of a hydrogen bunkering facility (activity 4.12) and Parkwind’s car fleet (activity 6.5).
0.03% 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 FY2022, Parkwind’s EU Taxonomy-eligible operational expenditures constitute 99.76% of operational expenditures as defined by the EU Taxonomy.
More than 98% of eligible operational
expenses are linked to the construction and operation of offshore windfarms, where operational expenses are mainly connected to maintenance and repair, research and development and other direct expenses.
Other eligible activities do not represent a significant portion of OPEX contributing in total 1.38% to total eligible OPEX. These operational expenditures relate to short-term leases of cars (activity 6.5).
0.24% of non-eligible OPEX relate to short-term leases of office buildings
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 FY2022 as specified in the consolidated financial statements prepared in accordance with IFRS.
The financial year FY2022 covers the period of 01 January 2022 to 31 December 2022. Parkwind’s consolidated financial statements only consider entity contributions for the period in which entities are consolidated.
Intra-group transactions are eliminated at consolidated level.