Profit at EnBW’s renewables division fell over 12% in the first quarter of the year due to unfavourable weather conditions.
The German developer said earnings before interest, taxes, depreciation, and amortization hit €203.3m for the three months, down 12.2% year-on-year.
“The decrease was mainly due to poor spring wind conditions this year at offshore and onshore wind farms,” said the company.
The company said investment in the three months stood at €572.2m, significantly higher than in the same period of the previous year (€300.4m).
This mainly relates to bidding success in the seabed area auction for the construction of offshore wind farms in the UK Round 4.
BP p l c Group results - First quarter 2021
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DGAP-News: BP p l c Group results - First quarter 2021
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