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ČEZ overcomes green certificate allocation suspension

Published

May 13, 2015

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Published:

May 13, 2015

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Czech energy group ČEZ’ operating profit in Romania stagnated in the first quarter of 2015 at EUR 29.2 million, compared to the same period last year, EnergyWorld magazine reported. The increase in energy production has offset the negative effect of suspending green certificate allocation for the Cogealac wind farm.

ČEZ owns the Fântânele wind park, with an installed capacity of 347,5 MW, the Cogealac park (252,5 MW) and a series of micro hydropower plants with a total capacity of 18 MW.

The Czech group posted a profit of EUR 7.3 million in Romania in the first quarter, calculated before interest, taxes, depreciation and amortization (ebitda). It was similar to the result from the first three month of last year.

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