News

Monsson Group dismantling wind park in Constanța

Published

August 11, 2015

Comments

0

Share

Published:

August 11, 2015

Comments:

0

Share

Local legislation has rendered a wind power plant in Targuşor, Constanța county, unfeasible, according to its operator Monsson Group, controlled by businessman Emanuel Muntmark, Ziarul Financiar’s portal said.

The company and its project partners decided to remove turbines from the 27 MW project due to market uncertainty, Romania Insider reported. “Unfortunately, major changes in renewables legislation don’t allow the project to further meet the economic parameters estimated initially, becoming financially unfeasible. As a result, we’ve decided to remove the wind turbines,” said Sebastian Enache, business development manager of Monsson Group. The company will keep the infrastructure and the transformation station, with further moves yet to be decided on.

Monsson said it could decide to redirect capital towards other markets. The wind park was built in 2012. However, it wasn’t connected to the grid, because of legislative framework, according to Sebastian Enache. Established in 1997, Monsson Group has invested over EUR 200 million in Romania, in building and operating wind and solar parks, the report said. The group currently operates in 20 countries.

Related Articles

Croatian Chamber of Economy lex specialis for renewables position paper

Croatian Chamber of Economy asks for lex specialis for renewable energy sector

28 March 2024 - The Association for Renewable Energy Sources produced a position paper identifying obstacles and possible solutions

romania delgaz hydrogen 20HyGrid

Romania successfully tests blending hydrogen in natural gas distribution grid, households

28 March 2024 - E.ON Romania declared success in its test of blending hydrogen into the gas network and using the mixture in households.

IRENA-Global-solar-power-capacity-surpasses-hydropower-in-2023

IRENA: Global solar power capacity surpasses hydropower in 2023

28 March 2024 - The world's renewable electricity capacity additions in 2023 hit a record 473 GW, dominated by China. Solar power became the largest segment in total.

105 MW photovoltaic park in Greece operational with the support of ProCredit Bank

105 MW photovoltaic park in Greece operational with the support of ProCredit Bank

28 March 2024 - A 105 MW photovoltaic park in the Kozani region, North-West Greece, has become fully operational with the support of ProCredit Bank