“Due to start-up costs incurred in the windfarm projects and the expenses associated with the WKN AG takeover, the PNEWind Group recorded a negative operating result,” the company said.
PNE Wind earlier this year took over about 83% of rival developer WKN,adding 1.7GW to a wind project pipeline that already was 3.1GW strong.
The company’s revenue went down to €43.6m, from €80.9m
