EDPR – the global number-three wind producer – posted a first quarter net profit of €66m ($91m), down from €90m during the same period in 2013.
The group’s revenues were down 5% at €381m while earnings before interest and tax (Ebit) fell 12% to €179m.
EDPR boosted production by 10% year-on-year to 6.1TWh in Q1, but its average selling price shrank 15% to €57/MWh.
That
