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Revenue for the first half of 2011 (2011/07/28 6:00 PM) The Group's consolidated revenue for the first half of 2011 amounted to 27.4 million euros, compared to 99 million euros for the first half of 2010. The Sale of electricity for own account activity grew by +17%, mainly due to the Group's recent commissionings. By reducing the pace of wind farm disposals since the second half of 2010 and by concentrating on commissioning new wind farms, the Group increases recurring revenue benefitting from a dependable margin. The absence of wind farm disposals during the first six months of 2011 automatically led to a sharp decrease in the Development, construction, sale activity.
(1) Excluding Environment activities.
The revenue from the Sale of electricity for own account activity was 21.8 million euros for the first half of 2011, compared to 18.6 million euros for the first half of 2010; this activity thus grew by +17%, reflecting the increase in installed capacity for own account over these two periods.
As of June 30, 2011, the installed capacity for own account amounted to 300 MW versus 267 MW as of June 30, 2010. The main changes are:
The revenue from the Development, construction, sale activity amounted to 1.7 million euros for the first half of 2011, compared to 77.1 million euros for the first half of 2010. The Group did not sell any wind farms during the first half of 2011, while 60 MW were sold in the first half of 2010. The revenue from the Operation activity amounted to 3 million euros for the first half of 2011, compared to 2.6 million euros for the first half of 2010, up by +17%. This growth is mainly due to the increase in capacity managed for third parties that rose from 518 MW as of June 30, 2010 to 586 MW as of June 30, 2011. The Non-wind activity registered revenue of 852 thousand euros for the first half of 2011, produced by the solar park in Germany.
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