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Sales boost for France's Theolia

French developer Theolia pulled in revenues of €51.7m ($70m) in the first half of 2014, a 12% increase compared to the same period last year.

Theolia builds and operates wind farms in Germany, France, Morocco and Italy with a total capacity of around 1.2GW developed by the end of June 2014.

Power sales were €47.8m for January to June, a 19% boost on the 2013 first half.

Revenue from operating wind farms for third parties was "stable" at €3.2m.

Theolia also obtained authorisation to install seven wind turbines in the Charente- Maritime department in France with a capacity of 21MW, bringing the company to a total of 227MW in its pipeline to have received all necessary approvals.

In April, the developer warned its investors that it could face liquidation if it fails to repay €125.8m of bonds due in 2015, saying it was working on a range of options to address the issue.

Theolia did not give any update on that situation with its first half update.

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