Weaker Wind Conditions Responsible for Lower Sales Revenue

Wind Industry Profile of

Weaker wind conditions / Sales revenue slightly below previous year’s level

The end of the previous year was just as brilliant as the beginning of the new year 2018 was hesitant. While the winds abated noticeably, both the photovoltaic and hydroelectric segments experienced a constant up and down. The resulting overall production results remained below target. Moreover, the subsidized tariffs of several wind farms expired, leading to a slight decline in revenue in the first quarter of 2018.          The generated sales revenue of MEUR 23.5 missed the levels of previous year’s corresponding period by just a slim margin (-3 percent).   The beginning of 2018 was marked by the completion of photovoltaic projects. In... ... More: Official Press Release W.E.B

Keywords:

W.E.B, wind conditions, quarter, revenue, Austria, wind energy