Earnings at EDF Renewables increased over 4% to €856m last year, up from €751m in 2017, boosted by increased output and new capacity.
Sales grew 8.4% to over €1.50bn in 2018, compared with under €1.28bn in the previous 12 months.
Clean power output jumped 15% to 15.2 terrawatt-hours, with 1.6GW of new capacity added last year.
EDF said it has a further 2.4GW under construction, split evenly between wind and solar power.
Overall, the company reported earnings of over €15bn, up 11% on the €13.7bn reported in 2017.
Sales stood at almost €69bn in 2018, a rise of 6.3% on the €64.9bn posted the previous year.
EDF chairman and chief executive Jean-Bernard Levy said: “The rebound in our results in 2018 has occurred and is in line with our forecasts."
We have achieved all our financial objectives and are exceeding all the targets of our performance plan.
We have stabilised our net financial debt, strengthened our balance sheet, reached a record for generation in renewable energies, succeeded in overhauling the French nuclear sector and strengthened our supply business through several significant innovations.
Our performance will not only continue but will be amplified in 2019.
This is the result of the daily commitment of the Group's employees, mobilised in the deployment of the CAP 2030 strategy.
Source:renews
