The
German
company’s
renewables
business
made
a
loss
of
€49m
($64m)
in
the
first
fiscal
quarter,
with
the
red
ink
spread
evenly
between
the
solar,
hydro
and
wind
divisions.
Chief
financial
officer
Joe
Käser
says
that
not
only
were
wind
revenues
“somewhat
light”
at
€900m,
but
that
margins
were
pushed
down
as
the
company
had
to
rely
more
on
sales
in
the
highly
competitive
onshore
market
rather
than
in
the
higher-margin
offshore
arena.
Much
of
its
wind
revenues
in
the
quarter
came
from
onshore
sales
in
the
US
as
developers
rushed
to
build…
