The wind blew less than Enel had budgeted for. The Italian wind farm operator also experienced droughts in many of the areas where the company has hydroplants. This was a poisonous cocktail for the energy producer in 2017, which was otherwise meant to mark a big transition for the company into green energy.
However, Enel did manage to perform and exited 2017 with growth in revenue of 5.87 percent to a total EUR 74.7 billion. Meanwhile, the company's earnings were improved 2.6 percent to EUR 15.7 billion before taxes and impairments, according to a market update fro Enel, before the company presents its full annual report later this month.
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