“Innogy earnings fall as low wind levels hit energy generation”
Partly due to weak winds last year, earnings at RWE renewables spin-off innogy fell 7 percent to 4.2 billion euros in 2016, the company's first fiscal year as an independent company, reports Guy Chazan for the Financial Times. Revenues dropped four percent to 43.6 billion euros. Earnings were down 18 per cent year-on-year in innogy’s renewables division, because “low wind levels” put a break on power generation.
Read the news article in English here.
Find background on RWE’s split in the factsheet RWE’s plans for new renewables subsidiary.