European Energy Australia’s Post

First quarter results: European Energy sets stage for future growth In Q1 2024, European Energy achieved remarkable milestones, setting the stage for continued growth. We increased our electricity production by over 51% compared to Q1 2023 and secured key agreements to drive future success. Highlights include: - Strategic Partnership with Mitsubishi HC Capital: Mitsubishi HC Capital acquired 20% of our shares, infusing the company with EUR 700 million. - Major Power Purchase Agreement with Rio Tinto: Supplying renewable energy from our 1.1 GW Upper Calliope Solar Farm in Australia. - Collaborative Agreement with TotalEnergies: Developing offshore wind projects in Denmark, Finland, and Sweden. For the full report: https://lnkd.in/d2fhEXwu We expect to initiate new construction activities of over 1 GW in 2024. Stay tuned for more updates as we continue to lead in renewable energy!