Conflict-ridden wind farm pulls Eolus into the red

The Swedish developer comes out of the first quarter of the year with a deficit, although the project portfolio has grown by 2GW.

Photo: PR / Eolus

Delays continue to affect Swedish wind developer Eolus, as is reflected in the results for the first three months of the year.

On revenue, Eolus books a result that is marked by high energy prices that have dominated the markets across Europe in the first three months of the year. The item therefore comes to SEK 432m (EUR 41.2m) against SEK 242m in the same quarter of 2021.

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