Wind power developer Eolus Vind’s loss doubles in Q1 2024
- Admin
- May 15, 2024
- 1 min read
Swedish wind project developer Eolus Vind AB reported a negative operating result in the first quarter of 2024 with a significantly higher loss. The company attributed this to the lack of new project sale transactions. Earnings from projects under construction are lower in the first quarter due to reduced construction activity in winter months. CEO Per Witalisson mentioned the variation in earnings due to completed sales processes and revenue recognition.
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