Business World of Renewable Energy

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Stable And Positive Development: Wpd Receives Another A Rating

Bremen, Germany - Since 2003, Wpd's development has been rated as stable and positive by external rating agencies. In the current report, which was prepared this year by Scope Hamburg, the Bremen-based company is also awarded the coveted A rating.

The rating is based on an extensive analysis and evaluation of the company's data. The rating documents an established market position with an extensive own portfolio of wind farms as well as a comprehensive national and international project pipeline.

Wpd is satisfied with the rating. "The positive A rating from Scope confirms our successful national and international growth course based on stable earnings positions, a healthy equity structure and a strategic expansion of our activities in key target markets", says Wpd CFO Björn Nullmeyer.

In the process, Wpd is benefiting from the positive development and increasing demand in the German domestic market as well as in European, American and Asian core markets. In addition to the in-house development of wind farms, a large number of cooperations and the expansion of the solar business ensure Wpd's strong market penetration. " Due to the high degree of diversification, we have been successful even under the general conditions of the Covid 19 pandemic thanks to a great commitment of our employees", Nullmeyer continues.

The Wpd rating was previously carried out by the rating agency Euler Hermes. This year, the rating agency Scope, which took over Euler Hermes Ratings GmbH on 1 January 2021, is responsible. Euler Hermes Rating now operates as "Scope Hamburg GmbH".

Source: IWR Online, 03 Aug 2021