Greek construction firm Ellaktor has posted a 26.4 per cent rise in its wind farm revenues for the first half of 2013, despite an overall drop of four per cent for the company.
The rise was largely due to an increase in installed wind capacity during the period, the company said, which comprised €19.0m of its €572.4m total revenue, up from €15.0m a year before.
Profit after tax in the wind sector rose €0.6m from a year ago to reach €3.3m, in spite of a renewable energy source tax levy on sales. By the end of the quarter, the company’s renewable capacity stood at 170MW, comprising 163MW of wind farms, 2MW of solar and 5MW of hydro reports Energy World.