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

Bulgaria surges to world No 1 battery systems share

Bulgaria surges to world’s No. 1 in battery systems share

26 May 2026 - The combined share of battery energy storage systems in Bulgaria is higher by far than in any other country in the world

Nordex Group launches blade manufacturing in Turkey

Nordex Group launches blade manufacturing in Turkey

25 May 2026 - Nordex Group started production of wind turbine blades in Menemen in western Turkey, counting on growing demand for high-efficiency onshore turbines

Maglizh solar bess hybrid bulgaria

Bulgaria’s 161 MW Maglizh solar plant with BESS officially opened

25 May 2026 - Hybrid photovoltaic power plant Maglizh has officially launched operations following the installation of a 72 MWh BESS

Allison Le Corre, Achieving Europe’s independence through locally produced homegrown energy

Achieving Europe’s independence through locally produced homegrown energy

25 May 2026 - Author: Allison Le Corre, communications manager of EU Covenant of Mayors initiative, a EUSEW partner...