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

carbon storage Kent Energean Prinos North Aegean Sea Greece

EnEarth gets permit for carbon storage at offshore oil field in Greece

12 March 2026 - Integrated energy services firm Kent won a contract for front-end engineering design for the Prinos CO2 project in Greece for carbon storage.

slovenia electricity grids investments modernization fund eles

Slovenia to invest EUR 174 million in electricity grids

12 March 2026 - Minister of the Environment, Climate and Energy Bojan Kumer signed four contracts and two decisions for grid modernization

european union commission von der leyen natural gas price cap energy crisis

Von der Leyen: EU considering natural gas price cap to curb electricity prices

12 March 2026 - These measures have gained renewed urgency as natural gas prices have skyrocketed due to the conflict between US and Israel on one side and Iran on the other

Bulgarian village fighting to protect crucial forest from solar park

Bulgarian village fighting to protect crucial forest from solar park

12 March 2026 - Thirty hectares of forest are at stake with a solar power project in the southwestern corner of Bulgaria, above the Starchevo village