“Given the current unstable global economy, [we] assume a growing risk of project shifts on the part of customers,” the firm said in a statement.

REpower, majority owned by India’s Suzlon, saw its turnover rise sharply in the period from April to December 2008. Revenues for the firm increased 52% to €850.5m ($1.1bn).

Earnings before interest and taxes (EBIT) shot up 36% to €38.1m.

The