Areva’s Renewable Energy Business Group posted revenue of 292m ($403.5m) for the first nine months of 2013.

That represented a drop of 26.6% on the same period last year, when it pulled in 398m.

Areva CEO Luc Oursel said: “In the Renewable Energies BG, revenue is below our Action 2016 plan outlook, mainly due to the current indecisiveness in the renewable markets.”

Offshore