Electricity

Enel’s subsidiary posts EUR 64 million profit in Q1

Published

May 9, 2015

Country

Comments

comments icon

0

Share

Published:

May 9, 2015

Country:

Comments:

comments icon

0

Share

Enel’s EBITDA in Romania fell by 1.5% in the first quarter, from EUR 65 million a year ago to EUR 64 million, according to data released by the Italian group and quoted by Mediafax.

The company has obtained earnings before interest and taxes (EBIT) down by 26% from EUR 50 million a year ago to EUR 37 million. Revenues decreased by 3.6% from EUR 275 million in the first quarter of 2014 to EUR 265 million, Business-review.eu portal reported.

Enel owns in Romania, through Enel Green Power, a net installed, renewable capacity of 534 MW. Out of it, the net installed capacity from wind is 498 MW and 36 MW from other sources. The level of production obtained from renewable sources is 428 MW. Of this total, 421 MW represent wind energy production and 7 MW from other renewable energy sources.

Ebitda obtained by Enel in Eastern Europe, region which includes also Russia, Slovakia, and other regions, fell by 17.4% in the first quarter, from EUR 282 million to EUR 233 million. Enel has 2.6 million clients in Romania.

Tags:

Related Articles

Cement maker installs largest self consumption PV plant in Turkey

Cement maker installs largest self-consumption PV plant in Turkey

28 April 2026 - OYAK Cement built a solar power plant for self-consumption of 115.5 MW in peak capacity in Beypazarı in Ankara province

romania grid capacity auctions

Romania set to launch grid capacity auctions this fall to fend off ‘speculators’

28 April 2026 - Transmission system operator Transelectrica will launch auctions for connecting new electricity generation and storage capacities in late October

On-bill financing introduced in Greece, as suppliers expand to energy upgrades

Power suppliers in Greece expanding to energy upgrades with rollout of on-bill financing

28 April 2026 - A new framework in Greece would enable power suppliers to participate in the energy efficiency market

Croatia investments EU ETS proceeds EUR 650 million

Croatia proposes investments from EU ETS proceeds of EUR 650 million

28 April 2026 - Within the framework of EU ETS, Croatia is counting on EUR 650 million through 2030 from auctions of greenhouse gas emission allowances