Portuguese renewables developer EDPR booked net profit of €313m for last year, up 14% on its 2017 performance.
Chief executive Joao Manso Neto said the showing was thanks partly to stable net interest costs, lower institutional partnership costs and selling shares in marine projects.
The company sold interests in a number of planned projects, including at the 950MW Moray East wind farm off Scotland.
Higher capacity and better than expected load factors drove revenue for the year of €1.7bn, albeit 7% down on 2017 thanks partly to exchange rates and lower average selling prices.
The company portfolio of generating assets hit 11.7GW by the year-end driven by 826MW of new additions in the year in the US, Europe and Brazil.
Technical availability stood at 97%, a shave lower than in 2017, thanks to “adverse weather conditions in some regions” and “greater maintenance” of some wind farms.
“We are firmly committed to the continuity of business growth through efficient management models and the limitation of risks, as well as the diversification of our capacity to generate value through markets and technology,” added Neto.