Turnover
In FY2024, Parkwind's share of turnover aligned with the EU Taxonomy reaches 95.1%. This aligned turnover includes revenue from electricity sales and the provision of operations and maintenance services to offshore wind farms. The non-eligible revenue, which constitutes 4.87%, relates to holding, management, and administrative activities, which have increased with respect to FY2023, following also the launch of new developments.
CAPEX
In FY2024, 97.9% of Parkwind's capital expenditures are tied to taxonomy-aligned activities, primarily driven by the development and construction of offshore wind farms. Parkwind’s main focus is the alignment of our wind power activities and we are also currently evaluating activity 4.12, which pertains to “Storage of hydrogen.” Unlike FY2023, this year marked no recorded additions in CAPEX for this activity following the correction of historical effects. As we continue our voluntary reporting on the EU Taxonomy KPIs, our evaluation will become increasingly detailed. Non-eligible capital expenditures are linked to office leases, refurbishments, office furniture, and equipment.
OPEX
In FY2024, 98.3% of Parkwind’s operational expenses are aligned with the EU Taxonomy. These expenses are related to the construction and operation of wind farms, including maintenance and repair, research and development, as well as direct costs such as variable leases, offshore logistics, and training. For FY2024, there were no non-eligible operational expenses recorded.
Accounting Policies, Estimates, and Assumptions
In accordance with the Disclosure Delegated Act (2021/2178), Parkwind’s EU alignment KPIs only incorporate consolidated entities and do not count equity pick-ups. The KPIs account for revenue and CAPEX for FY2024 as outlined in the consolidated financial statements prepared in line with IFRS. The financial year FY2024 spans from 01 January 2024 to 31 December 2024. Parkwind’s consolidated financial statements only reflect contributions from entities for the duration they are consolidated. Intra-group transactions are eliminated at the consolidated level.
Disclaimer
Although Parkwind is not yet in scope of the EU Taxonomy Regulation, Parkwind chooses to report on EU Taxonomyalignment on a voluntary basis. Applied accounting policies and EU Taxonomy-eligibility results are based on Parkwind’s best interpretation of the EU Taxonomy Regulation and Delegated Acts. ©2024 Content may not be reproduced, copied, displayed, or published in any form without written permission of Parkwind N.V.