Indian wind farm operator Mytrah Energy Ltd (LON:MYT) reported today a net loss of USD 2.47 million (EUR 2.2m) for the first half of 2015, against a USD-2.71-million profit a year ago.
Meanwhile, underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 8.2% to USD 30.3 million. In Indian Rupee terms the increase was even higher at 12% year-on-year.
The company, which operates 543 MW of wind farms at home, recorded revenues of USD 32.6 million, or 10.7% more than a year earlier.
Currently, Mytrah has secured financing for 250 MW of projects. About 200 MW of assets are under construction and well on the way to reach completion for the 2016 wind season in India.
Mytrah took part in Telangana’s 2-GW solar tender and said it might have won “a substantial portion” of the 350 MW of projects it bid for. It has not received confirmation yet.
(USD 1 = EUR 0.897)
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