News

Green energy producers in Romania facing losses

Published

May 1, 2016

Comments

comments icon

0

Share

Published:

May 1, 2016

Comments:

comments icon

0

Share

Renewable Energy Producers Organization in Romania (PATRES) started a protest movement in order to present the difficult financial position of investors in this field, the Business Review reported. According to a press release of the organization, the companies are registering losses of around EUR 201 million due to constant changes in legislation. The renewable producers have been struggling to make profit after the government reduced the incentives due to higher electricity bills for residential and industrial consumers.

Member companies have invested close to EUR 2 billion in the local renewable sector, in addition to another EUR 281 million in other industries, and these firms employ 10,000 people, stated PATRES. Its 200 members said Romania should enforce the legislation that was valid when the investments were made. Furthermore, the organization is calling for scrapping of the validity period for green certificates and for their taxation on the moment of sale and not of issuance.

PATRES represents companies that have total installed capacity of approximately 800 MW.

 

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.