German solar and wind firm Encavis AG has further cemented its position in the French market by acquiring the oustanding shares in a portfolio of assets it had invested in.
Firm had predicted €2.7-2.9bn net recurring income and double-digit growth of renewables unit this year but is withdrawing the forecast, amid talk of potential 'constraints' for green energy work.
Small-scale specialist will set sights on US and European projects after year of higher profits and revenues, net income losses and relocation from Shanghai to Connecticut.
