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Genergy reports 50 per cent revenues boost
1 May 2008
By the end of 2007, Portugal's Generg SGPS had 401 MW of renewables installed, up 116 MW on end 2006, with wind accounting for 368 MW and the rest coming from hydro plant. Revenues were up 50% from EUR 44 million in 2006 to EUR 67 million, while profits came to EUR 14.7 million. The company owns one of Portugal's largest wind farms, the 146 MW Pinhal Interior Sul project, and has a 20% stake in the consortium Eólicas de Portugal, awarded 1200 MW of wind capacity under a government tender in 2006. The company's shareholders comprise Lusenerg, a conglomerate of Portuguese institutions holding 57.5% in Generg, and Belgium utility Electrabel with 42.5%.
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