(Reuters) – Renewable energy company ERG trimmed its 2026 guidance late on Tuesday, citing a longer approval time for a sector-wide incentive law and a more cautious approach in the U.S. as it evaluates the new administration’s green energy policy.
The group, which last year reported a core profit in line with revised guidance, reduced its planned capital expenditure over 2026 by 20% to 1 billion euros ($1.1 billion) and asset portfolio growth to 4.2 gigawatt, previously set at 4.5 GW.
It said it will return 1.15 euro per share to shareholders, made up a 1 euro dividend and 0.15 euro per share in a 23 million euro buyback programme between November 2024 and January 2025.
($1 = 0.9171 euros)
(Reporting by Alberto Chiumento in Gdansk; Editing by Tom Hogue)
