Turnover at the Saran, France-based firm rose 7.8% to €7.6m ($10.1m). Earnings before interest, taxes, depreciation and amortization (EBITDA) grew an even healthier 12.5% to €4.2m.

The increased revenues came as the company expanded its total installed renewable capacity 22% to its current level of 72 megawatts (MW), and it now boasts a project pipeline of more than 450MW.

Aérowatt nevertheless turned in a full-year loss of €1.5m