Continuously stable: Euler Hermes confirms A rating of wpd AG
wpd AG has been regularly rated by Euler Hermes Rating GmbH since 2003 and the German developer and operator has always achieved an A rating. This result reflects not only the credit rating but also the consistency and continuity of the medium-sized company.
The result is even more important as the project risks have increased as a result of the general conditions. As a reason for the above-average rating of wpd AG Euler Hermes pronounces the leading market position in Germany, the high degree of networking, the international diversification, the promising strategic orientation as well as the personnel and financial resources of the company. Decisive for the A-rating were also the capital structure and the financial flexibility. The operation of windfarms of about 1,600 MW as well as the income and liquidity reserves from extensive national and international project pipelines generate a solid earnings base.
In this way, the company has a high degree of flexibility to continue growth in Europe and throughout the world in the context of project development, such as recent successful tenders in Spain, Chile and Taiwan. For the implementation of these onshore and offshore wind farms, wpd has set up its own branches and fixed close cooperation with local partners. For further growth wpd AG has a strong interest in expanding its cooperation with planners in Germany, Europe and Asia.
About wpd AG
wpd is a developer and operator of onshore and offshore wind farms worldwide, and is actively engaged in 18 countries. The head office is in Bremen. For more than 20 years the company has been realizing projects which now total 2,100 wind turbines with a capacity of 4,400 megawatts. On an international scale, wpd is planning projects of around 8,050 megawatts onshore and over 5,300 megawatts offshore. www.wpd.de