In its financial report, Vattenfall said net sales from its wind business in Q2 decreased by SEK 0.1 billion (€10.5 million), which it blamed on "less favourable" wind conditions.
This impacted on Vattenfall's wind unit underlying profit, which fell from SEK 152 million (€16 million) in Q2 2015 to a loss of SEK 108 million (€11.4 million), which Vattenfall blamed on "lower production revenues, higher depreciation associated with the commissioning of new wind farms, and higher project planning and repair costs,"
Scottish utility, SSE reported a fall from 2.2TWh to 1.51TWh in the quarter from its renewable electricity projects was due to the weather.
And Norwegian utility Statkraft's wind business also suffered a fall in earnings due to low wind speeds. Statkraft said its underlying operating profit fell from a loss of NOK 117 million (€12.5 million) to a loss of NOK 164 million (€17.5 million)
Yesterday, Spanish group Iberdrola said its earnings fell in its second quarter was due to lower production in the UK after particularly strong 2015 wind speeds.
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