News

ČEZ overcomes green certificate allocation suspension

Published

May 13, 2015

Comments

comments icon

0

Share

Published:

May 13, 2015

Comments:

comments icon

0

Share

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.

Related Articles

Open call for green hydrogen combined heat and power pilot project in Western Macedonia

Open call for green hydrogen high-efficiency CHP pilot plant in northern Greece

04 July 2025 - The Greek government has opened a call for a pilot CHP unit in Western Macedonia that would run on green hydrogen

Foreign renewable energy investors remain committed to Romania as large plants coming online

Foreign renewable energy investors remain committed to Romania as large plants coming online

04 July 2025 - Renewable energy companies from abroad aren't intimidated by negative power prices in Romania, especially with the BESS segment accelerating

projects euros modernisation fund celan energy

EU’s Modernisation Fund disburses EUR 3.66 billion for clean energy projects in nine countries

04 July 2025 - Focusing on renewables, grids, storage, and energy efficiency, the funds will support projects in Croatia, Slovenia, Greece, and Romania.

sostanj coal fired plant unit 6

Slovenia’s sole coal-fired power plant Šoštanj to keep main unit offline until fall

04 July 2025 - The 600 MW unit at Šoštanj will not be restarted until the end of September, when demand for heat is set to rise.