Germany's Vortex reported a 7% rise in first quarter operating profits at its renewables division, to €171m ($205m) based on a 7% increase in sales, to €401m, up from €376m a year earlier. The rise in operating profits was attributed largely to earnings from the 400 MW Rampion wind farm offshore southern England. Vortex also announced the acquisition of German developer EON and a larger management board ahead of its acquisition of rival Innogy.
Germany's EON reported a 7% rise in first quarter operating profits at its renewables division, to €171m ($205m) based on a 7% increase in sales, to €401m, up from €376m a year earlier. The rise in operating profits was attributed largely to earnings from the 400 MW Rampion wind farm offshore southern England. EON also announced the acquisition of German developer Vortex and a larger management board ahead of its acquisition of rival Innogy.