Electricity sales for own account more than doubled with installed capacity for own account growing from 333 megawatt (MW) as of December 31, 2007 to 360 MW as of December 31, 2008. This significant increase illustrates the impact of the full year consolidation of the 165 MW acquired by the Group in Germany in July 2007.
Electricity sales for third parties in 2008 grew by more than 50% relative to the same period in 2007. As of December 31, 2008, the total number of MW managed for third parties amounted to 311 MW, compared with 297 MW as of December 31, 2007.
In 2008, the Group recorded no sales of wind farms, whereas sales of wind farms to third parties amounted to EUR218 million in 2007.
The application of IFRS 5 regarding discontinued activities for sale led the Group to:
Restate the sales from certain non-wind business units (Seres, Ecoval 30, SAEE, SAPE and Thenergo) in 2007 for a total amount of EUR18.3 million,
Not recognize the sales revenue of these business units in 2008.
The difference in non-wind sales revenue between 2007 and 2008 is due to the sale of a solar park in Germany at the end of 2007 for an amount of EUR14.4 million.
In 2007, the Group recorded EUR218 million of sales of wind farms to third parties, of which EUR18 million in France and EUR200 million in Germany.
Excluding sales of wind farms to third parties, gross consolidated sales increased in France, Germany and the rest of the world.
