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DTEK Renewables posts Hr 440 million net profit in the first half of 2020

Published Oct. 28, 2020 at 7:43 pm

A field of wind turbines belonging to DTEK Renewables, the biggest player in Ukraine's renewable energy market. The Cabinet of Ministers is trying to resolve a crisis in this sector by getting renewable investors to agree to a tariff cut in exchange for the government paying back its outstanding debts to their companies.

Photo by DTEK

DTEK Renewables B.V., which manages DTEK’s renewable energy assets, received Hr 440 million in net profit in the first half of 2020, the company said.

According to the report, with revenue of Hr 4.103 billion, the company’s gross profit amounted to Hr 2.978 billion, operating profit some Hr 2.851 billion.