News Digest Item
15 May 2017

"EnBW posts profit drop on Philippsburg 2 nuclear plant outage"

Reuters / EnBW

German utility EnBW posted a 17-percent decline in first-quarter core profit, reports Christoph Steitz for Reuters. The company blamed the unscheduled shutdown of its Philippsburg 2 nuclear plant. EnBW reaffirmed full-year financial forecasts, because it expects compensatory effects, such as the commissioning of new onshore wind farms. But in the first quarter, profit in the Renewable Energies segment “was negatively impacted by a poor wind yield,” according to EnBW.

Read the article in English here.

Find the company press release in English here.

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