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

serbia world bank loan gas pipelines energy efficiency subsidies dubravka djedovic gil pontara

Serbia negotiating loan to finance gas pipelines, energy efficiency

27 March 2026 - The Government of Serbia is discussing a new program to finance the construction of gas pipelines and subsidize energy efficiency measures

Andritz ten turbines modernization hydropower cascade Vlasina in Serbia

Andritz to supply ten turbines for modernization of hydropower cascade in Serbia

27 March 2026 - Serbian contractor Energotehnika Južna Bačka selected Andritz to supply ten new turbines for the modernization of EPS's Vlasina hydropower cascade

Eurowind Energy to inaugurate Pecineaga wind park next month

Eurowind Energy to inaugurate Pecineaga wind park next month

27 March 2026 - Final testing is underway at the 48 MW wind power plant in Pecineaga in southeastern Romania, and the inauguration is in a month

BiH town Gacko opposes 200 MW solar power project on agricultural land

BiH town Gacko opposes 200 MW solar power project on agricultural land

26 March 2026 - Local assembly in Gacko in Bosnia and Herzegovina withdrew support for a PV project on more than 200 hectares of agricultural land