Revenues at renewable energy developer Futuren were up 8% at €35.9m in the first nine months of 2015.
The rise was because of favourable wind conditions and came despite a reduction in the capacity following the sale of an operating wind farm in August 2014.
Electricity sales, which rely on 15- to 20-year electricity buy-back contracts, benefit from recurring revenue and significant margins over the long term.
This secure activity accounts for 87% of the consolidated revenue for the first nine months of 2015, the company said.
Image: Morgue File
