Vattenfall grows wind power output but UK issues hit profits

Wind power generation rose 30% to 0.9TWh, mainly due to favourable wind conditions in Denmark and Sweden.

However, the utility's renewables operation fell to an operating loss of SKr18m, compared to a profit of SKr68m in the same quarter the year before.

Vattenfall said that excluding special items, underlying operating profits decreased by SKr100m to –SKr24m due to lower average selling prices, poorer British wind conditions and “temporary technical problems at one of the offshore wind farms in the UK”.

Vattenfall