Low wind speeds hurt profits at two of Europe’s major energy firms

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Alex Kraus | Bloomberg | Getty ImagesThe chief financial officer of German utility RWE on Thursday acknowledged the importance of weather to its renewables segment, as the company reported "much lower" wind volumes in Northern and Central Europe for the first half of 2021.In an interview with CNBC, Michael Müller stressed the need to have a broad range of assets in place to cope with potential fluctuations related to weather conditions."I think what you need to do is balance your portfolio," he said. "So, have a portfolio across different technologies … be it onshore, offshore, or solar or storages, and also across regions.""And what we have seen in the first half is there was poorer wind in Europe but at the same time there was stronger wind in the U.S." "So our idea is to have a balanced portfolio. But clearly, if you're a renewables player, you are dependent to some degree on weather conditions."For offshore wind, the Essen-headquartered firm's adjusted earnings before i
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