Drop attributed to cost of progressing Empire Wind and Beacon Wind projects

Segment margin, while negative, expanded by 480 basis points while revenues grew by 16% to $4bn

Norwegian renewables company posted EBITDA of Nkr601m in the quarter up from Nkr417m

Recovery of Nordic power prices helped energy company achieve an EBIT of Nkr5.6bn

Proceeds will finance the development of 163MW over three wind farms

Increase in EBITDA to over €2bn driven by capacity growth and higher load factor