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

romania ppc bess battery salbatica wind farm

PPC to install 60 MWh battery system at Sălbatica wind farm

11 February 2026 - PPC operates the Sălbatica 1 and Sălbatica 2 wind farms, with a combined capacity of 140 MW, located in Tulcea County

wind farm bijela alcazar

Montenegro clears environmental impact study for 118.8 MW Bijela wind farm

11 February 2026 - The Environmental Protection Agency has approved the environmental impact assessment for the 118.8 MW Bijela wind farm

Next generation geothermal challenging competitiveness gas power plants

Next generation geothermal challenging competitiveness of gas power plants

11 February 2026 - With its new solutions and falling costs, geothermal power can already replace 42% of EU coal- and gas-fired plant output, Ember found

El Mor advances delivery ready BESS projects Romania

El-Mor advances delivery-ready BESS projects in Romania

11 February 2026 - El-Mor Electric Installations & Services is advancing two large stand-alone BESS projects in Romania