New wind farms in the US and UK helped boost Eon’s adjusted earnings from renewables to €521m in 2018, up from €454m in the previous year.
Eon said the increase came despite the wind yield being relatively poor in 2018.
Projects delivered in 2018 included the 400MW Rampion offshore wind farm (pictured) in the UK and the 201MW Stella onshore project in the US.
Chief financial officer Marc Spieker said: “The renewables segment’s great earnings performance demonstrates its employees’ undiminished motivation despite the upcoming transfer of this business to RWE.”
Discussions are ongoing between Eon and RWE on a deal that will see the latter end up owning the renewable energy assets of the former and Innogy, which is owned by RWE.
Eon said talks on the deal are “progressing well”.
Sales from renewables also grew in 2018 to €1754m from €1604m a year ago, however, investments fell to €1037m from €1225m.
Overall, Eon adjusted net income rose to over €1.5bn last year, rising from just under €1.43bn in 2017.