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Proceeds will be used towards transmission projects in the Netherlands and Germany
‘Lower gain on divestments’ than comparable period reason given for fall
Impairment from ownership in TGC-1 and other renewables JVs will be recorded in the share of profits
NAV rose due to upward revision in short- and medium-term power price forecasts
Strong showing in the business segment cannot offset lower impacts from power generation and heat units
Seasonality of electricity supply activities offset rise in EBITDA from clean energy production
Revenue for the division was up slightly to $266m in the first quarter
Funds will be used to finance turbine orders for offshore and onshore wind projects
Onshore wind production increased 43% on the first three months of 2021
Spanish firm has 38,305MW of installed projects at end of Q1 2022