AQUILA EUROPEAN RENEWABLES PLC

1. AQUILA EUROPEAN RENEWABLES PLC 2022-11-03 → present
2. AQUILA EUROPEAN RENEWABLES INCOME FUND PLC 2019-04-30 → 2022-11-03
3. AQUILA EUROPEAN RENEWABLES INCOME PLC 2019-04-08 → 2019-04-30

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company will continue in operational existence for the foreseeable future, as it has adequate resources to continue in operational existence for a period of ‘twelve months from the date of the general meeting (the ‘going concern period’).”

Group structure

1. AQUILA EUROPEAN RENEWABLES PLC · parent
   1. Tesseract Holdings Limited 100% · United Kingdom · Holding subsidiary entity, owns underlying SPV investments
   2. Holmen II Wind Park ApS 100% · Denmark · Subsidiary entity, owns investment in Holmen II
   3. Auto Wind No. 2,3,4 Oy c/o Interavanti Finland Oy 100% · Finland · Subsidiary entity, owns investment in Holmen III
   4. Prettysource Lda 100% · Portugal · Subsidiary entity, owns investment in Benfica III
   5. Astros Irreverentes Unipessoal Lda 100% · Portugal · Subsidiary entity, owns investment in Benfica III
   6. Confratula o Sol Unipessoal Lda qua Presenca SA 100% · Portugal · Subsidiary entity, owns investment in Benfica III
   7. Argeo Solar S.L. 100% · Spain · Subsidiary entity, owns investment in Albeniz
   8. Vento-Níckli Destinas S.A. 89% · Greece · Subsidiary entity, owns investment in Desfina
   9. Ega Soria S.L. 100% · Spain · Subsidiary entity, owns investment in Tiza
   10. Azalent Investment SL 100% · Spain · Subsidiary entity, owns investment in Tiza
   11. Svindbaek Windkraft HoldCo ApS 100% · Denmark · Subsidiary entity, owns investment in Svindbaek
   12. Svindbaek Windkraft GP ApS 100% · Denmark · Subsidiary entity, owns investment in Svindbaek Windkraft HoldCo ApS
   13. Falea Solar Farm Ourique S.A. 100% · Portugal · Joint venture entity, owns equity investment in Ourique

Significant events

• “On 8 January 2024, the Company announced that it had entered into a five year non-recourse EUR 50 million debt facility secured against its Spanish solar PV portfolio.”
• “The Investment Adviser announced a strategic partnership with Commerzbank AG (“Commerzbank”) on 10 January 2024, principally to accelerate the Investment Adviser’s growth into one of the leading asset managers for sustainable investment strategies in Europe.”
• “On 27 September 2024, the Company announced the completion of the sale of its 25.9% interest in Tesla to an undisclosed K disclosed for EUR 27.0 million, representing a premium of EUR 2.4 million above the prevailing valuation reflected in the Company’s Q2 2024 NAV.”
• “At a General Meeting held on 30 September 2024, shareholders approved the Managed Wind-Down of the Company and a new Investment Policy to enter a Managed Wind-Down process.”
• “The Revolving Credit Facility (“RCF”) of Tesseract Holdings Limited (“THL”) was downsized from EUR 50 million to EUR 29 million in recognition that AER is in a Managed Wind-Down process, and has amended its investment policy accordingly in 2024.”
• “On 24 October 2024, the Company announced the appointment of N.M. Rothschild & Sons Limited (“Rothschild” or “Rothschild & Co”) to support the Company’s Managed Wind-Down process.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

17

last 12 months

Capital events

6

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -23.8%

  £1,328,017 → £1,012,483

• Net assets

  -14%

  £322,937,760 → £277,593,620

• Employees

  —

  Not reported

• Operating profit

  -17.5%

  £10,230,583 → £8,437,067

• Profit before tax

  -17.5%

  £10,229,716 → £8,435,333

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers