EDPR also said the €129m net profit it booked in the equivalent six months last year had benefited from the effect of asset sales.

Revenues fell to €693m in January to June 2014 from €732m, a 5% decrease, although its output increased by 6% compared to the same period last year, with 11TWh of power produced.

However, its average selling price for power in this period was 10% lower compared to 2013’s first half at €58 per MWh.

Although