Renewables deliver sales growth as E.ON says worst is over

E.ON's non-hydro renewables sales grew by 26% in the first three months of the year, as the German utility giant claimed a “successful start to 2012”.

Despite the increase, E.ON – which is accelerating its push into clean-energy following Germany’s decision to abandon nuclear power – saw first-quarter profits from its renewables operations fall, as lower prices and output from hydro outweighed the benefits of new wind capacity.

Wind, solar and other renewables pulled in €275m ($356m) for E.ON in the first three months of the year, compared to €218m at the same stage in 2011.

But this was offset by a €17m fall in hydropower turnover, which left total renewables sales up 7% year-on-year at €617m.

Renewables…

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