Eon’s adjusted earnings from renewables rose by €85m to €309m in the first nine months of 2016, compared with the same period last year.
The German company said the increase was mainly due to the 302MW Amrumbank West and 218MW Humber Gateway wind farms becoming fully operational for the entire period.
Overall, adjusted earnings at the company stood at €1.9bn, up 13% on the same period last year.
However, adjusted net income declined by €58m to €641m, the company said.
It added that the current low interest-rate environment and increasingly fierce competition are putting pressure on returns in Eon’s core markets and, therefore, the company will review its current investment budget.
Over the long term, Eon said it sees good opportunities for all of its core businesses.
Image: Humber Gateway Eon
