The €1.8bn ($2bn) recorded last year was down from €1.9bn in 2014.

Revenues at the Italian renewables group were flat in 2015, standing at €3bn, while net generation increased by 5.7% to 33.6 terawatt hours. Net debt of €6.9bn was up 15% on €6bn at the end of 2014.

EGP installed 1.5GW of new capacity and sold 571MW of wind farms in Portugal in 2015, giving it 10.5GW